Participation Banking Credit Guarantee Fund was established by the participation banks operating in Turkey and the Participation Banks Association of Turkey (TKBB) in cooperation of the Ministry of Treasury and Finance of Turkey in order to increase financial inclusion of SMEs and non-SME companies which cannot get enough loans due to the lack of deposits.

Participation Banking Credit Guarantee Fund Software System is demanded by the Fund that provides loans with its equity capital via the participation banks and guarantee for the loans. The system checks the written form requirements determined by the Fund and is used by the participation banks to provide loans to the companies that are found eligible after evaluation. All the banks can access to the system via a web interface and a web service. They can view applications, check and validate necessary information about the applicants (through e-governmental services and banking systems of other stakeholders) and accept/reject provision of loans to the applicants. Other information related to the loan provision, like amount of loans provided by a bank, loan repayment, can be accessed with the software system and guarantee payment process can be started in case of non-repayment of a loan.

Benefits:

-Increasing financial inclusion of SMEs and non-SME companies that cannot get sufficient financial support

-Automatic control of the written form requirements determined by the Fund by the software

-All the processes related to the Fund, receiving and approval of financial applications, tracking and reporting, loan provision and repayment, can be managed via a single software that integrates the web interfaces and core banking software of all stakeholder banks

-Provision of an easy-to-use application service and support 24/7