KREDİ GARANTİ FONU A.Ş.
MICRO CREDITS FOR MICRO SMEs
Within the framework of IPA, KGF has signed an agreement with European Investment Fund with Greater Anatolia Guarantee Facility reference on 22/10/2010. Under this facility KGF has launched a campaign called Micro Credits for Micro SMEs with 4,5 million Euro Counter-guarantee provided from European Investment Fund
1) DESCRIPTION OF THsfasE PROJECT:
NAME OF THE PROJECT : "MICRO CREDITS FOR MICRO SMEs" Project
PROJECT SCOPE: This project aims to contribute to the elimination of regional development gaps in Turkey by stimulating economic growth and job creation by increasing access to finance for micro-enterprises operating in the 43 provinces 12 NUTS II regions of Turkey.
CountER-GUARANTEE ANOUNT PROVIDED FROM EIF: 4,5 Million Euro
EIF CountER-GUARANTEE COVERAGE: % 75
PROJECT SOURCES :
%75 EIF
%25 KGF
KGF GUARANTEE COVERAGE: %80
*Fixed coverage rate.
RISK SHARING PRINCIPLE OF THE PROJECT:
%80 KGF GUARANTEE
%20 BANK
EXPECTED PROJECT VOLUME WITH KGF'S AND BANK'S RISK SHARING: 37,5 Million Euro
APPLICATION DEADLINE: 2 Years (until 22.10.2012)
TERM OF CREDIT:
MINIMUM 6 MONTHS
MAXIMUM 3 YEARS
MICRO SME: Micro-enterprises whose annual turnover and annual balance sheet total does not exceed 3,9 million TL and which employs fewer than 10 people.
CREDIT TYPE : Revolving loans are not eligible for this project however; installment loans and spot loans that their repayments bonded to redemption plan are eligible for this project. Also credits that aim to finance farming activities are not eligible under this Project.
MICRO CREDIT LIMITS:49.740.-TL
GUARANTEE LIMITS PROVIDED FOR EACH MICRO CREDIT: 39.792.-TL
MICRO SMES THAT ARE NOT ELIGIBLE UNDER THIS PROJECT: Farmers,
Micro SMEs
Active in one of the following SECTORS: Arms and ammunition (production / supply / trade), alcohol, tobacco, alcohol, gambling and human cloning.
Does not have defaulted credits recorded in Central Bank at the last recording period.
Does not have to comply with bankruptcy provisions or does not have defaulted loans.
are not eligible under this Project.
GUARANTEE COMMISSION RATE: %0.5 per annum.
2) APPLICATION CRITERIA:
Micro-enterprises whose annual turnover and annual balance sheet total does not exceed 3,9 million TL and which employs fewer than 10 people and operating or will operate in 43 provinces -12 NUTS II region- can apply for this Project.
| ERZİNCAN |
ERZURUM |
BAYBURT |
AĞRI |
KARS |
IĞDIR |
| ARDAHAN |
MALATYA |
ELAZIĞ |
BİNGÖL |
TUNCELİ |
VAN |
| KİLİS |
MUŞ |
BİTLİS |
HAKKARİ |
GAZİANTEP |
ADIYAMAN |
| ŞANLIURFA |
DİYARBAKIR |
MARDİN |
BATMAN |
ŞIRNAK |
SİİRT |
| HATAY |
KAHRAMANMARAŞ |
OSMANİYE |
KAYSERİ |
SİVAS |
YOZGAT |
| KASTAMONU |
ÇANKIRI |
SİNOP |
SAMSUN |
TOKAT |
ÇORUM |
| AMASYA |
TRABZON |
ORDU |
GİRESUN |
RİZE |
GÜMÜŞHANE |
| ARTVİN |
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With respect to this project Micro SMEs can apply for this Project via more than only one Bank.
Micro SMEs which are active in any of the following SECTORS are not eligible within this project: production, supply or trade in (a) arms and ammunition, (b) tobacco, (c) alcohol as well as (d) gambling and (e) human cloning. Credits which aim to finance farming activities and farmers also are not eligible.
Restructured and transferred credits are not eligible within this Project.
Micro SMEs which has benefited from CIP "One SME for every village" Project shall not apply for this Project.
Mikro KOBİ'lerin kredi ihtiyaçlarının 49.740.-TL'lik dilimlere bölünebilir olması halinde bu projeden yararlanabilecektir.
For credit applications the credits can be divided into 49.740.-TL amount tranches.
The minimum term of the credit shall be 6 months and maximum term shall be 3 years.
The commission rate of this Project is % 05 per annum over the guarantee risk amount.
3) AVAILABILITY PERIOD AND APPLICATION PROCEDURES:
The deadline of the Project is 22.10.2012
Applications are accepted from Banks via CGF Branch Offices.
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