Signature of Partnership with the Turkish Guarantee Fund
Yet another step has been taken for FOGAD with the signing on October 20, 2021 of a partnership agreement with the Turkish guarantee fund.
The primary purpose of this memorandum is the sharing of experience knowing that the Turkish guarantee fund has been operational for about thirty years against 2 small years for our guarantee fund.
Another important partnership agreement is being negotiated with the Guarantee Fund of the Kingdom of Morocco which was created in 1949.
The partnership agreement signed with the Turkish guarantee fund will allow us to mainly develop the Islamic Finance part and why not review the model that we are currently offering to conventional banks.
It is salient to recall since May of this year the capacities of our guarantee fund have been considerably increased and we can boast of having granted exactly 38 guarantees to date.
The signing of today’s agreement with the Turkish guarantee fund and the one that will be signed in the coming months with the Guarantee Fund of the Kingdom of Morocco should therefore give us even more technical means so that we can fulfill our primary mission. which is access to loans under the best conditions for micro, small and medium-sized enterprises either in terms of rates, or in terms of duration, or in terms of deferral.
