Guarantee Mechanism is intended to ensure the rescheduling of short, medium and long term loans granted by the credit institutions to the enterprises operating in the sectors of industry and services related to industry under the pilot program of their financial restructuring.
1- Eligibility Criteria: Are eligible for guarantee of GMFS, SMEs who meet the following criteria:
- Having obtained agreements granting of bonus supplied with reserves of financial restructuring within the framework of the upgrading program,
- Having profited of no portion of premiums FODEC within the aforesaid program,
- Including the program for the financial restructuring is approved by the competent departments of the Ministry of Industry, Energy and SMEs ,
- Do not be classified among the companies having economic difficulties,
2- Size of the concerned investments: the investment, whose cost including fixed assets does not exceed 5MD, can profit from the interventions of the GMFS.
3- Eligible categories of loans for guarantee: short, medium and long term loans can profit from the interventions of the GMFS.
4- Forms and methods of the intervention of GMFS:
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 irrecoverable amounts of the credits between the GMFS and the credit institution, starting from the beginning of judicial procedures against the beneficiary of the credit,
Taking in charge 50% of the irrecoverable amounts of the credits and of expenses of pursuit and collect disputed loans.