International Credit Guarantee

In 1987, Small Business Credit Insurance Corporation of Japan (currently Japan Finance Corporation) held the Preparatory Meeting for the establishment of the “Asian Credit Supplementation Group Council” aiming at establishing mutual cooperation structure and contributing to the sound development of the system among Asian credit supplementation institutions.

The participants of the meeting were Japan CIC (Japan), National Federation of Credit Guarantee Corporation (Japan), PT. (Persero) Asuransi Kredit Indonesia (Indonesia), Korea Credit Guarantee Fund (Korea), Credit Guarantee Corporation Malaysia Berhad (Malaysia), Credit Guarantee Corporation Limited (Nepal), Central Bank of Sri Lanka (Sri Lanka), Small and Medium Business Credit Guarantee Fund (Taiwan) and Small Industry Credit Guarantee Fund (Thailand). All 9 participants agreed to establish the Asian Credit Supplementation Group Council and decided to hold the 1st conference in Japan in the following year.

At the 1st Conference in 1988 in Tokyo , Japan, the name of Asian Credit Supplementation Group Council was changed into Asian Credit Supplementation Institution Confederation (ACSIC).

At the 2nd Conference in 1989 in Seoul, Korea, the implementation of the ACSIC Training Program (ATP) for working¬level officers was agreed. The 1st ATP was held the following year by Korea Credit Guarantee Fund in Seoul, Korea.

At the 20th Conference in 2007 in Bali, Indonesia, all members from 11 countries signed the ACSIC Bali declaration, which commemorated the 20th anniversary and reaffirmed the commitment to the objectives of ACSIC.

At the 29th Conference in 2016 in Bangkok, Thailand.

Theme : Credit Supplementation: The challenges of creating value for entrepreneurs
Date and Venue : on November 23 - 25, 2016 at The Peninsula Bangkok
Website : www.acsicbangkok2016.com
See photos from ACSIC Conference 2016

ACSIC Group

  1. THAI CREDIT GUARANTEE CORPORATION (TCG)

    To provide credit guarantees for viable small enterprises which do not have enough collateral to enable them to obtain sufficient credit from the financial institutions.

  2. CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE)

    To facilitate collateral-free credit to the entrepreneurs in the Micro and Small Enterprises ( MSEs ) sector, to shift from collateral to merit / project –based lending and to promote entrepreneurship / financial inclusion.

  3. The Indonesia Association of Guarantee Corporation (ASIPPINDO)

    To improve and advance the role of credit guarantee corporations as an alternative credit guarantee in Indonesia in order to promote national economic development.

  4. JAPAN FINANCE CORPORATION (JFC)

    To promote the smooth flow of business funds to SMEs by insuring CGCs’ guarantees covering SMEs liabilites, and thereby to contribute to the promotion of SMEs.

  5. Japan Federation of Credit Guarantee Corporations (JFG)

    To support small and medium enterprises (SMEs) by serving as public guarantors to make it easier for them to borrow funds, which are necessary for their business operations, from financial institutions.

  6. KOREA TECHNOLOGY FINANCE CORPORATION (KOTEC)

    To contribute to the balanced development of the national economy by facilitating technology development of SMEs with the technology finance (including guarantee) and technology appraisal system, and by providing guarantee services to those having difficulty in obtaining funds from financial institutions for lack of collateral.

  7. KOREA CREDIT GUARANTEE FUND (KODIT)

    To lead the balanced development of national economy by extending credit guarantee services for promising enterprises lacking tangible collateral.

  8. KOREA FEDERATION OF CREDIT GUARANTEE FOUNDATIONS (KOREG)

    To contribute to the development of local economics by enhancing mutual benefits as well as the sound development of member foundations

  9. CREDIT GUARANTEE CORPORATION MALAYSIA BERHAD (CGCMB)

    To provide SMEs access to financing in a financially sustainable manner. It is also to complement the Government's efforts in promoting and developing identified business sectors.

  10. DEPOSIT AND CREDIT GUARANTEE FUND (DCGF)

    To guarantee the deposit of individual depositors held with the Commercial Banks and Financial Institutions, to guarantee the loans advanced by the banks and financial institutions in Priority Sector, to guarantee the livestock purchased by the farmers under banks/ financial institution’s loan.

  11. Small Business Guarantee and Finance Corporation (SBGFC)

    To assist micro, small and medium enterprises (mSMEs) in all areas, including but not limited to finance and information services, training and marketing. As such, the Corporation’s services for mSMEs have been expanded from offering guarantee and financing programs to non-financial services to spur the growth of Philippine mSMEs.

  12. CENTRAL BANK OF SRI LANKA (CBSL)

    To grant loans for Small and Medium Enterprise, plantation sector, perennial crop sector, post-tsunami reconstruction, agricultural sector and apparel sector.

  13. SMALL AND MEDIUM ENTERPRISE CREDIT GUARANTEE FUND OF TAIWAN (TAIWAN SMEG)

    To provide credit guarantee to those small and medium enterprises in normal operations but short of collateral for seeking external financing

  14. CREDIT GUARANTEE FUND OF MONGOLIA

    To expand its outreaches throughout the country by developing credit guarantee system including suitable schemes, sustainable financing, effective cooperation mechanism of central, local governments and banking institutions

  15. PT (PERSERO) ASURANSI KREDIT INDONESIA (PT ASKRINDO)

    to serve the mission of empowering Micro, Small and Medium Enterprises (SMEs) to support the growth of the Indonesian economy.