Spurring Economic Growth through Credit Guarantees
Shared risk in lending creates more financing for MSMEs, which creates more jobs and leads to economic growth.
Guaranteeing MSME Business Success
We give participating financial institutions (PFIs) the confidence to provide credit to Micro, Small and Medium Scale Enterprises (MSMEs) through risk sharing
Unlocking Finance for MSMEs in Nigeria
By sharing risk with participating financial institutions, we aim to facilitate better access to finance for the 41.5 million Micro, Small & Medium scale enterprises in Nigeria.
Trusted Nigerian Partner for MSME Growth
We are a catalyst for increased investment in Nigeria’s MSME segment through risk sharing, enabling financial institutions to lend more.
N170b+
Loan Amount Guaranteed
54,978+
No of guarantees issued
4,900+
Job Created
32,000+
Beneficiary SMEs
Impact Credit Guarantee Limited (ICGL) is a wholly owned subsidiary of the Development Bank of Nigeria Plc (DBN).
Partners
Our potential partners are all licensed Bank Financial Institutions in Nigeria.
Eligibility Criteria
To be eligible to obtain partial credit guarantee from ICGL, the PFI shall have met the minimum eligibility requirements set out, click here.
about ICGL
Impact Credit Guarantee Limited (ICGL) is a wholly owned subsidiary of the Development Bank of Nigeria Plc (DBN). ICGL was set-up through a project with the World Bank to provide guarantee on loans made to eligible Micro, Small and Medium Scale Enterprises (MSMEs) and small corporates by Participating Financial Institutions (PFIs) in Nigeria.
LEARN ABOUT US
Products and Services
ICGL currently offers three types of guarantee products to PFIs on facilities granted to MSMEs; i. Individual Guaranteeii. Blanket Guaranteeiii. Portfolio Guarantee.
In addition, ICGL offers, on a need basis, Technical Assistance to support PFIs to enhance MSME financing capabilities.
Characteristics of the Guarantee 1. Maximum Guarantee Cover of 60% of loan disbursed2. Maximum Loan size defined from time to time3. Maximum Tenor of 5years, can be extended to 8years for special projects4. All sectors within the MSME business segment
In addition, ICGL offers, on a need basis, Technical Assistance to support PFIs to enhance MSME financing capabilities.
Our Mandate
To facilitate access to finance among MSMEs through eligible PFIs in a sustainable and market-oriented way by providing credit guarantees and technical assistance to PFIs.