LCGC SME's Supports
The Lao Credit Guarantee Sole Company Limited symbolizes the company’s core mission in financial security, risk sharing, and support
Credit Guarantee Process
The guarantee process can only begin once the bank (lender) has considered approving the initial credit. This is to ensure that the decision-making and control of the credit remains with the lender.
| Step | Description |
|---|---|
| Step 1 | Loan Application The Entrepreneur (SME) prepares documents and a business plan to apply for a loan directly with a Partner Financial Institution (PFI). |
| Step 2 | Bank Evaluation and Approval The PFI analyzes the business feasibility and considers approving the loan (BANK LOAN approved) according to the bank's conditions. |
| Step 3 | Guarantee Request Once the loan is approved, if additional collateral is required, the PFI submits a guarantee application form to LCGC. |
| Step 4 | Issuance of Guarantee Letter LCGC evaluates the application. Upon approval, LCGC issues a Credit Guarantee Letter and sends it back to the PFI. |
| Step 5 | Loan Disbursement Upon receiving the Guarantee Letter from LCGC, the PFI proceeds to disburse the loan to the Entrepreneur (SME) for business use. |