Qualifying Businesses

The parameters for qualifying MSMEs to be financed under the guarantee includes but not limited to (the list is not exhaustive):

MSMEs that are viable but do not have enough collateral and/or credit history;
MSMEs needing long-term finance;
MSMEs that can increase local production and reduce imports and/or increase exports;
Woman, non-majority and entrepreneur-owned MSMEs;
MSMEs that will create new jobs;

Prohibited sectors and loan purposes:

  • Any business connected with the military or weapons production;
  • Gaming or gambling activities;
  • Illegal activities;
  • Nightclubs;
  • Production or sale of tobacco or hard liquor, if the production or sale of these products constitutes more than 25% of the Borrower’s annual turnover (gross revenues). The production of wine or beer would be eligible;
  • Residential mortgage loans;
  • Real estate development;
  • Municipalities, district or state owned enterprises;
  • Any businesses that have material negative environmental impacts.