KGF – Credit Guarantee Fund
TOBB ikiz Kuleleri C Blok, Kat 5-6-7
Dumlupinar Bulv. No: 252
06530 Ankara
Turkey
(0312) 219 44 44
(0312) 219 58 72-74 (Fax)
kurumsaliletisim@kgf.com.tr
http://www.kgf.com.tr
Since its establishment by cabinet decree in 1993, KGF has been working to make SMEs’ access to finance easier by the provision of guarantees. KGF is a non-profit organization. Our partnership structure includes TOBB, KOSGEB, TESK, TOSYÖV, MEKSA and numerous Turkish banks. KGF also benefits from counter-guarantees supported by the treasury and EIF. KGF seeks the elimination of insufficient collateral as an obstacle to SME access to finance by providing guarantees to those SMEs that don’t possess the assets bank require for collateral. To sum up, our goals are:
1) Efficient operation of the credit market
2) SMEs’ utilization of long term credits
3) Strengthening of SME competitiveness
4) Support of innovation
5) A better income distribution and increase of employment.
| Year of creation individual entities or association | 1991 |
| Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)? | Yes |
| Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)? | Yes |
| Do you (your members) dispose of an internal rating/scoring system? | Yes |
| Do you (your members) use..? De minimis or GBER or Regional guidelines or Notification | No |
| Is the activity subject to state aid regulation? | Yes |
| Other SME support instruments offered by your organisation/your members Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services | No |
| Types of guarantee products provided by your organisation/your members | Loan default guarantees, Working capital loan guarantees, Bridge financing loan guarantees, Leasing guarantees |
| Are you/your members financial intermediary for EU-programmes? CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020 | Currently CIP and IPA partnership exists. For the future, KGF plans to participate in EaSI and COSME programmes. As a matter of fact application for EaSI has been done in May '16. |
| Do you benefit from a counter-guarantee at local, regional or national level? Local level or Regional level or National level | National level - Turkish Republic Treasury Undersecretariat |
| Type of scheme guarantee or counter-guarantee | Guarantee |
| Product typology guarantee or counter-guarantee or co-guarantee | Guarantee |
| Profit / Non-profit oriented dividends to public shareholders are not considered as profit orientation | Non-profit oriented |
| Supervision statute i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members | Non-supervised |
| Size of businesses supported i.e. large companies, SMEs, micro-enterprises, independent/self-employed | Large companies, SMEs, Micro-enterprises, Independent/Self-employed |
| Sectorial focus i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc. | Agriculture, Industry, Crafts, Retail, Liberal professions, Cooperatives |
| Geographic coverage i.e. local, regional, national | National |
| Structure / Network i.e. central scheme with regional offices, central scheme only, association network | Central scheme with branches |
| Legal form of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc. | Public Joint Stock Company |
| Shareholder structure Private / Public (in %) | 30% Private, 70% Public |
| Ownership i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models | Private-Public mixed model |
| Type of organization National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed | NPI |
Downloads
| GUARANTEE TYPES application/pdf | 238,3 KB | |
| F.A.Q KGF application/pdf | 247,9 KB |
