• DOI:10.3362/0957-1329.1993.014
Corpus ID: 154927137

Credit guarantee funds and mutual guarantee systems

@article{Levitsky1993CreditGF,
  title={Credit guarantee funds and mutual guarantee systems},
  author={J. Levitsky},
  journal={Small Enterprise Development},
  year={1993},
  volume={4},
  pages={4-15}
}

J. Levitsky

Published 1993

Economics

Small Enterprise Development

The reluctance of banks to take on the high risks and administrative costs of lending to small businesses has been the reason for the establishment of credit guarantee funds and mutual guarantee systems. Credit guarantee funds are established usually with government financial support, to provide lending institutions with money to compensate for the losses sustained when borrowers default on loans. Mutual guarantee systems are more decentralized: they involve a group of people coming together to… CONTINUE READING

View via Publisher

Save to Library

Create Alert

Cite

Launch Research Feed