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The Guarantee Fund: financial leverage for community finance institutions or financial cooperatives in countries in economic development or transition.
Main objectives:
- Strengthen cooperative, mutual or social economy institutions in countries in economic development or transition
- Provide financial leverage for these institutions and for investment funds aimed at these markets by obtaining financing from other sources
- Improve access to financial services and the quality of life of local communities.
General conditions:
- Loan guarantees or lines of credit with local banks in the form of letters of credit
- Direct portfolio guarantees from partner institution loan portfolios
- An average term of one year, renewable
- A target amount of between CAN $50,000 and 100,000
- Tarification set as a commission.
Criteria:
- Have a recognized legal status
- Not listed on a stock exchange
- Not a project with a predetermined duration.
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