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Guarantee Funds of Credit Export (GFCE)

Guarantee Funds of Credit Export is intended to guarantee loans granted by banks to the enterprises operating in the sectors of industry and services related to industry.

1- Eligible Activities for the GFCE:

  • Activities of the manufacturing industries annexed to the decree n° 94-492 of February 28, 1994, determining the lists of the activities depending of the sectors covered by articles 1,2,3 and 27 of the incentive investments code as modified and completed by the subsequent texts,
  • Activities of services related to industry.

Guarantee Funds of Credit Export is intended to guarantee loans granted by banks to the enterprises operating in the sectors of industry and services related to industry.

1- Eligible Activities for the GFCE:

  • Activities of the manufacturing industries annexed to the decree n° 94-492 of February 28, 1994, determining the lists of the activities depending of the sectors covered by articles 1,2,3 and 27 of the incentive investments code as modified and completed by the subsequent texts,
  • Activities of services related to industry.

2- Size of the concerned investments

Can profit from the interventions of the GFCE, investments initiated by small and medium industrial and services enterprises in one of the activities mentioned above and which:

  • The amount of investment does not exceed 5 million dinars, including the working capital for the creation projects,
  • The amount of global investment including the fixed assets should not exceed 5 million dinars for the extension projects.

3- Eligible loans for the GFCE:

  • Credits for pre-export made under an export contract,
  • Mobilization of loans arising to foreign.

4- Forms and methods of the intervention of GFCE:

  • Refinancing of the half and taking in charge the treasury interests of the other half of principal unpaid amounts of the accepted loans to the guaranty in accordance with the distribution of support of the bad amounts of the credits between the GFCE and the bank, starting from the beginning of judicial procedures against the beneficiary of the credit,
  • Taking in charge 60% of the bad amounts of the loans and 50% of expenses of pursuit and collect disputed loans.