The National Credit Guarantee Fund for Small and Medium-Sized Enterprises SA-IFN, along with its banking partners, will provide credit guarantee facilities for working capital through the launch of the "FIVE TIMES SUBSIDY" product based on certificates issued by APIA. CEC Bank is the first financier to have signed the additional agreement regarding the provision of guarantees under Government Ordinance No. 43/2013.

FNGCIMM will support access to financing for APIA beneficiaries in both the crop and livestock sectors, guaranteeing 80% of the credit amount granted by partner banks.

The funds are made available by the Ministry of Agriculture and Rural Development (MADR) for working capital credits needed to carry out current activities, which are provided by partner credit institutions.

The guarantee will be valid for the entire duration of the financing, and only one guarantee fee will be paid.

Beneficiaries, who are farmers with certificates issued by APIA, registered as companies, associations, agricultural cooperatives, and individual agricultural producers (sole proprietors, family businesses) must meet the eligibility criteria of the financier. They should possess certificates issued by APIA, not have other guarantees from other guarantee funds for the accessed financing, not be in financial difficulty or insolvency, and not have arrears in the Credit Bureau or the Credit Register of the National Bank.

Granting the guarantee also involves entering into a suretyship contract by the individual borrower or the shareholder/partner/administrator/legal representative of the beneficiary, depending on the type of legal entity borrowing. Additionally, there will be a movable mortgage on the current accounts opened at the financing institution, including the account for receiving the APIA subsidy.