The African Guarantee Fund (AGF)

African Guarantee Fund provides Guarantees & Capacity Development to Financial Institutions to increase SME financing

Mission

The promotion of economic development and poverty reduction in Africa. In support of the vision above:

• To be more resource efficient;
• To build strong partnerships between financial institutions and AGF;
• To reduce the inability of SMEs/SMIs to provide acceptable guarantees;
• To encourage and support banks and other financial institutions in the financing of SMEs/SMIs by sharing the risk involved;
• To support capacity development of our partners by seeking to build their existing knowledge and capacity.

The African Development Bank together with the governments of Denmark (through DANIDA) and Spain (through AECID), are the founding shareholders of AGF. Other Shareholders include Agence Française de Développement (AFD), Nordic Development Fund (NDF), Investment Fund for Developing Countries (IFU) and KfW Development Bank.