Co-guarantee: Apply to Donating Institutions
The co-guarantee project is designed to cooperate with government agencies, local governments, public and private enterprises which donate funds. SMEs may apply to donating institutions for recommendation, and then apply to the contracted FIs for loans after receiving a Letter of Recommendation issued by the donating institutions
The Co-guarantee
1. Apply for recommendation
2. Letter of Recommendation
3. Apply for loans
4. Apply for credit guarantees
5. Issues the Letter of Guarantee
6. Extend loans
7. Transfer guarantee fee
8. Inform of the remaining funds