CGC was established to guarantee loans and credit facilities offered by banks to Small and Medium Scale Enterprises (SMEs) which lack sufficient collateral for establishing new venture, expanding their existing activities, enhancing their export potential, etc.. Health Care Providers Program ((HCPP) is a new addition aiming at guaranteeing banks’ loans to doctors, pharmacists and small private medical units in order to upgrade the health care services offered to the Egyptian people especially in under-served areas. That is in addition to alleviating the burdens of the health sector over the national budget.
Constitutional Framework
CGC is an Egyptian, private, Joint Stock Company established in December 1989 under the provisions of Law 159/ 1981 and started operations by mid 1991.
CGC founding shareholders are Nine Egyptian Banks and One Insurance Company. Banks under contract with CGC are currently 34 banks including shareholder banks.
(last updated: 12-December-2002)
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Egypt \ Insurance Companies \ Credit Guarantee Company for Small and Medium Scale Enterprises (CGC)
