The Microcredit Guarantee Funds and Institutions a comparative analysis

In the guarantee programmes, the guarantee is generally run within the legal or normative framework of a public or administrative institution according to institutional regulations or programmes resulting from an administrative or political (governmental) decision (Douette et al., 2014, p. 13). Under guarantee programmes, public, limited and temporary resources are provided to an entity/body (public agency, public financial institution or ministerial department, and so on) in order to be managed (generally as an autonomous asset, sometimes called a “guarantee fund”) in line with a specific purpose. This chapter will explore the main technical and operating features of microcredit guarantee schemes with reference to the two main models listed in the analysed countries.