Guarantees

financial intermediaries

  • A guarantee of 50% of the value of the credit, for those companies with inadequate collateral.
     
  • The maximum size of guarantee will be USD 500.000.
     
  • The maximum percentage of accumulation of guarantees with other schemes (for example National Fund of Guarantees) is 70 %
     
  • If the client invests the credit in technology which it is object of the project, the guarantee will not have any cost.
     
  • If the resources are not invested in technology which it is object of the project, or the credit goes to finance other company needs different from the project, the guarantee will have a cost per year of 3 % on balances.
     
  • If a borrower does not qualify for the reimbursement after the installation, the guarantee remains valid through to the end of the period as it was defined in the agreement of lending between the borrower and the financial intermediary.