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A Credit Guarantee Fund Minsk Guarantee Company for Small and Medium Enterprises

A Credit Guarantee Fund Minsk Guarantee Company for Small and Medium Enterprises. Investment Proposal Prepared: September 2008 by W M (Bill) Colwell Under Technical Assistance provided by: UNDP Global Compact UN Initiative in Belarus;

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A Credit Guarantee Fund Minsk Guarantee Company for Small and Medium Enterprises

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  1. A Credit Guarantee Fund Minsk Guarantee Company for Small and Medium Enterprises

  2. Investment Proposal Prepared: September 2008 by W M (Bill) Colwell Under Technical Assistance provided by: UNDP Global Compact UN Initiative in Belarus; National Bank of Belarus and UNDP Project “Support to Microfinance Development in Belarus” Belarus

  3. The main objectiveof MinskGuarantee Company for Small and Medium Enterprises is to assist creditworthy SMEs with access to finance. • Factors Determining Profitability and Sustainability • Good market research • Operating to “Best Practice” • Use of a multiplier for guarantee activity • Market basedoperations

  4. Joint Open Stock CompanyMinimum capitalisation of US$1,000,000

  5. Performance • Performance period – first 3 years; • Average guaranteed loan size – USD 35,000; • Guarantee amount – not exceeding 70 percent of the loan; • Establishment period – 5 months (before guarantee activity commences); • Guarantee fees – 5 percent. • Interest rates are taken based on Belarusian market realities

  6. Minsk Guarantee Company Profit and Loss Report

  7. Average annual profitability of investments into the guarantee capital during the first 3 years of operations is 15.2 percent

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