Kosovo Credit Guarantee Fund / Fondi Kosovar për Garanci Kreditore
Anton Çetta 5A
10,000 Pristina, Republic of Kosovo
Kosovo
+383 38 225 600
info@fondikgk.org
www.fondikgk.org
The Kosovo Credit Guarantee Fund (KCGF) is a local, independent, sustainable credit guarantee facility issuing portfolio loan guarantees to financial institutions to cover up to 50% of the risk for loans to micro, small, and medium enterprises (MSMEs).
The KCGF was established in January 2016 under the Law on the Establishment of the Kosovo Credit Guarantee Fund. The aim of the KCGF is to support the private sector in Kosovo by increased access to finance for MSMEs, thereby creating jobs, increasing local production, improving the trade balance and enhancing opportunities for underserved economic sectors.
| Year of creation individual entities or association | 2016 |
| Types of guarantee products provided by your organisation/your members | Loan default guarantees, Working capital loan guarantees, Leasing guarantees, Working capital or investment loans or leases to facilitate the growth and sustainability of a Qualifying Borrowers business. |
| Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)? | No |
| Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)? | No |
| Do you (your members) dispose of an internal rating/scoring system? | No |
| Do you (your members) use..? De minimis or GBER or Regional guidelines or Notification | No |
| Is the activity subject to state aid regulation? | No |
| Other SME support instruments offered by your organisation/your members Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services | N/A |
| Are you/your members financial intermediary for EU-programmes? CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020 | No |
| Type of scheme guarantee or counter-guarantee | Guarantee |
| Do you benefit from a counter-guarantee at local, regional or national level? Local level or Regional level or National level | No |
| 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 | KCGF Board of Directors |
| Size of businesses supported i.e. large companies, SMEs, micro-enterprises, independent/self-employed | SMEs, Micro-enterprises, Micro Small and Medium Enterprises |
| Sectorial focus i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc. | All economic sectors |
| Geographic coverage i.e. local, regional, national | National |
| Structure / Network i.e. central scheme with regional offices, central scheme only, association network | Central scheme only |
| 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. | Independent Legal Entity |
| Shareholder structure Private / Public (in %) | 100% public |
| Ownership i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models | Fully public |
| Product typology guarantee or counter-guarantee or co-guarantee | Guarantee |
