Joint Guarantee Fund to guarantee the risks of loans for unemployed persons (the system managed by the National Unemployment Insurance Fund).
the general frame:The mechanism for the creation and expansion of the activities of the production of goods and services by unemployed persons with projects financed by the National Fund for Unemployment Insurance is a complete system. The Fund receives, accompanies, finances and supports entrepreneurs.Within the framework of this body, the Joint Guarantee Fund to guarantee the risks of the loans of the unemployed depend on the projects simultaneously to guarantee the project owner and secure the banks.The certificate or contract of the owner of the project is in the mutual guarantee fund to guarantee the risks of the loans of the unemployed persons with the projects during the full period of the bank loan granted and one of the preconditions for granting the bank loan.
What is the Common Guarantee Fund for Loan Risk Guarantee?
The Joint Guarantee Fund for Loan Risk Assurance
aims at guaranteeing the loans granted by banks and financial institutions to
the unemployed of the projects involved in the Fund.
What is the role of the mutual sponsorship fund
for the project owner and the bank?
The Fund guarantees to the borrower (bank or
financial institution) by paying a large part of the debt in the event that the
borrower (the entrepreneur) is unable to pay. This contributes to facilitating
the benefit of the loan for the borrower, whose guarantees are often
insufficient. The loan is repaid by the Fund by paying a large amount of debt
to the creditor bank.
The mutual guarantee fund with banks and financial
institutions guarantees the loans granted by these institutions to the benefit
of the unemployed.
The fund, based on the acceleration of banks and
financial institutions, covers the remaining debts due from assets and interest
at the date of declaring the Nakba, within 70%.
Who can join the fund?
Involvement in the Fund is compulsory
for contractors who wish to create a private institution within the framework
of the system managed by the National Unemployment Insurance Fund.
The Guarantee of the Fund shall
complement the guarantee provided by the Project Owner to the Bank or the
Financial Institution.
How to engage:For the project owner:- Obtain a certificate of competence
submitted by the interests of the National Unemployment Insurance Fund,
A very important note:
Finally, we can not fail to draw the
attention of the reader to the fact that the bail funds in all three operating
systems are operating in the same principle with the sole difference that the
contribution of the project owner in ANSEJ and ANGEM is paid by bank check to
the beneficiary, which is included in the financial structure of the project )
As opposed to the CNAC in which the contribution is paid in cash in its bank
account.