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Tags: private organization
Categories: Economics & Finance
Mutual Guarantee Societies are private guarantee institutions created by beneficiary SMEs.
Public Guarantee Institutions have been set up by public authorities in a number of countries. They are legally independent entities and can chose from a variety of statutes, e.g. development bank, development fund, etc. They are entirely funded and run by public shareholders. They implement public SME support policy and either guarantee SMEs directly or provide counter-guarantees to private Guarantee Societies.
(source: http://www.aecm.eu/en/guarantee-societies.html?IDC=34)
