The Credit Guarantee Fund currently stands at EUR 29 million. EPCGF makes available partial credit guarantees to participating partner banks to cover an agreed percentage of the commercial risk associated with lending to credit worthy SMEs who are unable to furnish the bank with the required collateral.
With the existence of the Credit Guarantee scheme in Palestine, credit worthy SMEs who are unable to furnish banks with required collateral, will be able to have access to the necessary financing.
As the needs and demands grow, EPCGF is committed to find additional capital through existing and new sources.
Recently in 2010, as part of continues development and to meet the needs of SME’s in Palestine. A new product was launched by EPCGF. The Trade Finance line is an excellent financing mechanism for SMEs which will facilitate financing of raw materials and purchases from suppliers on a revolving basis for a period of one year. It is a sound credit product which aims at serving customer’s needs while keeping the bank in control of the relationship thus minimizing credit risk.