If you prefer listening to reading, select the desired text and activate the speaker.

Bank loans guarantee

Text size :

The guarantee of bank loans is assured by the Mutual Guarantee Fund for Micro Credits, established  at the National Agency for Management of Microcredit by virtue of Executive Decree number 04-16 of 01-22nd-2004 regarding the creation and bylaws of the of the Mutual Guarantee Fund for Micro Credits (MGFMC).

The MGFMC aims to ensure micro loans granted by banks and financial institutions adherents to the fund, to beneficiaries who have obtained the notice for the National Agency for management of Microcredit’s support.

The MGFMC it covers, at the behest of banks and financial institutions concerned, remaining debts owed in principal and interest to the disaster declaration date and up to eighty five percent (85%).

As part of the implementation of the guarantee, the MGFMC is subrogated to the rights of banks and financial institutions, considering possibly, the reimbursed maturities and to the amount of risk cover.

May join the fund any bank or financial institution that has financed projects approved by the National Agency for the Management of Microcredit, as it is established the payment of contributions to the funds by the beneficiaries of micro-credit.

Go to top Print

Angem coordinate

  • National Agency for Microcredit Management "ANGEM"
  • Cité 1516 Logts (AADL) Aïn El Malha Tours N° H1-H2-H3 CP: 16105
  • Gué de constantine Alger Algérie
  • Email:  contact@angem.dz
  • Site Web: https://www.angem.dz

Our social networks

Most read

Best wishes on the occasion of International Women's Day
Best wishes on…

Wednesday 08 March 2017

Launch of the online registration platform for micro-credit applicants
Launch of the…

Tuesday 22 October 2019

“ANGEM will finance more than 140,000 projects in 2015” the chief executive
“ANGEM will finance…

Saturday 19 March 2016


Subscribe to newsletters
Terms of use

Partner banks