Credit guarantee funds and mutual guarantee systems

  title={Credit guarantee funds and mutual guarantee systems},
  author={J. Levitsky},
  journal={Small Enterprise Development},
  • 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
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