ACGF Afghan Credit Guarantee Foundation
ACGF– Afghan Credit Guarantee Foundation is a charitable foundation based in Cologne, Germany and an office in Berlin. ACGF was founded in September 2014 by the German Federal Ministry for Economic Cooperation and Development (BMZ) and DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (a member of the KFW Group). ACGF is further supported with funds provided by the World Bank and by KfW Development Bank. ACGF is actually working with five Afghan Partner Institutions is expecting new funding from further international donors in the course of the next months.
ACGF's mission is to improve access to finance for Micro, Small and Medium Enterprises (MSMEs) in Afghanistan by providing credit guarantees, related technical assistance to Partner Institutions (PIs) – banks, micro-finance, and micro-deposit institutions and grants provided to Afghan MSMEs. ACGF implements its mandate by providing partial credit guarantees to Afghan financial institutions for loans extended to Afghan MSMEs. At present stage, ACGF is planning to start a grants program for Afghan entrepreneurs.