KGF was founded by the Council of Ministers Decree dated 14 July 1993 and no. 93/4496. It began its activities by providing its first guarantee in 1994. As a corporate guarantee institution, KGF enables Small and Medium-sized Enterprises (SMEs) and non-SME businesses that are unable to make use of various borrowing and support opportunities due to a lack of guarantee to access finance. KGF does this in its capacity as a joint guarantor.