FGAR offers assistance to project young holders

Fund of loans guarantee for small and medium-seized companies loans FGAR called on project holders who do not have guarantees to come to its offices to benefit from consultation and technical assistance, according to a release.

• The fund signed cooperation agreements with public banks in Algeria. It managed to accompany 475 companies with financial guarantees to cover banking loans, said the release.
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• The fund’s transactions have grown rapidly. Projects contributed in creating 25,128 new jobs. Industry sector benefited from 307 projects for 307 projects. Of them, 96 are in food industries. Construction and public works guarantees touched 107 companies.
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• The same source said 249 investors who benefited from the guarantees are operating in Algeria’s centre while 131 operate in the east, 79 in the west and 16 in the south.
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• The fund said it covers all commodities or services producing projects in all their steps. Priority is given to project which contribute in creating a large number of new jobs and projects which contribute in increasing exports or decreasing imports.