In this Factsheet, you can find out about the latest data of CGCC credit guarantees provided to businesses from April 2021 to 31 August 2023.
As of end of August 2023, CGCC has supported 1719 businesses by providing credit guarantees for their loan applications, amounting to 144.85 Million USD equivalent.
Our Newsletter Issue 07 covers the guarantee progress, activities, and events in the 2nd Quarter of 2023, from April to June 2023, especially the update on the Women Entrepreneurs Guarantee Scheme (WEGS), the article on Understanding Adverse Selection and Moral Hazard, the sharing from a business owner who received a loan guaranteed by CGCC, as well as other important contents. Please enjoy reading!
The Business Recovery Guarantee Scheme (BRGS) is the first credit guarantee scheme offered by CGCC. BRGS aims to support businesses including Micro, Small and Medium Enterprises (SMEs) and Large Firms to enhance their access to formal loans for both working capital and investment or business expansion.