IMPACT-SHEET-SEPT-30-2023-WEB
Industry
Spurring Economic Growth through Credit Guarantees

Shared risk in lending creates more financing for MSMEs, which creates more jobs and leads to economic growth.

Corporate
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

Market
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.

Agriculture
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.


N190b+

Loan Amount Guaranteed

66,587+

No of guarantees issued

5,300+

Job Created

48,043+

Beneficiary SMEs






Ownership

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.





ICGL Agusto&Co Rating

Products and Services

ICGL currently offers three types of guarantee products to PFIs on facilities granted to MSMEs;
i. Individual Guarantee
ii. Blanket Guarantee
iii. 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 disbursed
2. Maximum Loan size defined from time to time
3. Maximum Tenor of 5years, can be extended to 8years for special projects
4. 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.