Please
refer to BPRD Circular No. 15 of 2008 dated December
19, 2008 on the subject.
In partial modification of the guidelines for Microfinance
Credit Guarantee Facility issued vide BPRD Circular
No. 15 dated December 19, 2008, it has been decided
to further incentivize commercial banks to provide whole-sale
funds to eligible Microfinance Banks/ Institutions under
the MCGF. The following amendments are made in aforesaid
circular:
a) Banks/DFIs now have the option to provide funding
to Microfinance Banks/ Institutions with the existing
40% Partial (pari-passu) Guarantee to cover the principal
amount in default, or 25% First Loss Guarantee to cover
up to 25% of the first loss on the principal amount,
under the MCGF.