End users

   Banks and savings houses which hold licences for founding and operating, issued by
    the Governor of the National Bank of the Republic of North Macedonia.

Conditions to be met
by a company applying
for a loan secured by
a portfolio guarantee

   - micro, small and medium trading enterprise,
   - based in Republic of North Macedonia,
   - at least 51% privately owned,
   - classified in A risk category or to have no liabilities to banks in accordance
     with the data from the credit registry of the National Bank of Republic of North
     Macedonia,
   - not to have a core business activity in the current status such as leasing, financial
     services, games of chance and production of tobacco, drugs and other narcotics,
     production and distribution of weapons or military equipment and real estate
     trade. 

Conditions referred to
the loan whose amount repayment is  secured
by the portfolio guarantee

   - the minimum loan amount guaranteed to be Denar 300.000, while the maximum
     loan amount guaranteed can not exceed the amount of Denar 30.750.000.
   - the minimum loan repayment period should be 1 year, the maximum repayment
     period should be 8 years for fixed assets loan with possibility for grace period up to
     1 year and 3 years for working capital loan with the possibility of including a grace
     period of up to 1 year,
   - the loan should not be intended for purchase of fixed assets and working capital
     for projects that: are intended for production and distribution of weapons and
     military equipment, are intended for production of tobacco and tobacco products,
     drugs and other narcotics, include experiments on live animals, pollute the
     environment and nature, are associated with real estate trading, are related to
     gambling and financial activities, 
   - the loan is not financed with funds from DBNM,
   - the loan should have a precisely determined repayment dynamics in accordance
     with loan repayment plan,
   - the loan should not be intended for repayment of receivables to banks and
     savings houses, financial companies and financial leasing companies,
   - the loan must be financed by the bank's or savings house's capital or with funds
     acquired on a market basis,
   - the loan must not be financed by subsidized loans obtained from state sources,
     international agencies or non-profit institutions and
   - the loan must not be approved for the restructuring of the bank's existing
     receivables, repayment of existing loans and repurchase of existing loan.

Miscellaneous

   - the bank or savings house may not approve an exposure greater than 25% of the
     exposure limit approved by the bank or savings house on the basis of a guarantee
     from the Guarantee Fund to the same trading company and related parties.

Maximum % of
guarantee by
portfolio guarantee

  - up to 80% of working capital loans and
  - up to 50% of loans for fixed assets.

  The total absolute amount to be paid from the guarantee fund may not exceed
  30% of the guaranteed portfolio by bank or savings house.

Who can submit
the guarantee request 
to DBNM

     Banks and savings houses

What is guaranteed by
guarantees from
Guarantee fund

    Principal (the initial size of a loan)