A.  PORTFOLIO GUARANTEE SYSTEM (PGS)

How does the general work in PGS?

SMEs apply for loan to the Bank. The applications with the suitability criterions are conveyed to KGF by the Bank. Approval is granted by the KGF only by checking the eligibility criteria established by the decree of The Council of Ministers.After the approval, Banks let SMEs use the loan.

1. SME makes loan application to the Bank
2. The Bank evaluates the application, makes its internal ratings, and approves the loan.
3. The Bank transmits the Guarantee (surety) request to the KGF.
4. KGF checks conformity criterion.
5. KGF gives approval to The Bank.
6. The Bank lets the SME use the loan.

B.  GUARANTEES OUT OF THE PGS EXTENT

How does the general work?

After the loan application by the company to the Bank, Bank sends the credit requests, which are suitable to their own system, to KGF. The requests, which are put into process by KGF, are settled next following 7 work days.

1. SME makes credit application to Bank.
2. The Bank evaluates the application, makes its internal ratings, and approves the loan.
3. The Bank transmits the Guarantee (surety) request to KGF.
4. KGF checks conformity criterion.
5. KGF gives approval to The Bank.
6. The Bank lets SME use the loan