ICBG News
15 February
Dow Jones Newswires Interviews ICBG Chairman on $16.5M in LoansMay 2009
NOTEJune 2007
ICBG News UpdateOctober 2006
ICBG Launch Set For Late OctoberSeptember 2006
ICBG Website OpensPortal Iraq News
Employment found in cleaning Iraqi city Iraq's Education Management Information System develops USAID helps track price fluctuations in Baghdad's wholesale markets Iron, folic acid supplements delivered to Baghdad Iraq MoCH needs computer network for Technology Transfer Center USACE awards Versar $40.6 million contract for Iraq reconstruction effort Iraqi leaders discuss security, economy at first-ever Northern Governors' Conference Construction of Iraqi border forts progressesIraq Updates - Economy
3 September
Federal Appeals Court Discharges Former Iraqi Trade Minister Government Unlikely to Pay Salaries Before Eid al-Fitr Zamily Calls Parliament to Enact Laws to Boost Iraq Economy New Wheat and Rice Bids to Provide Iraq Market Needs ISX Caps Week with Slight 0.04% Down2 September
U.S. Touts Iraq Trade Mission As War Mission Wanes Jordan's Industry and Trade Minister Leads Commercial Delegation to Kurdistan Kurds Want Jordanian Businesses to Invest More in Kurdistan
The loan guarantees are targeted to Iraqi companies that qualify as small and medium enterprises. The guarantees will be up to a maximum of 75% of the loan amount.
ICBG will guarantee loans ranging from USD 5,000 up to a maximum USD 250,000. The company charges a 2.0% guarantee fee in addition to a USD 100 non-refundable application fee.
Guaranteed loans may have a tenor of up to five years, with repayment structured to match the cash flows of the business.
Loans needed to assist the development of SMEs have been identified as follows:
- Short Term (less than one year) to support working capital, and,
- Medium Term fixed asset acquisition loans of one to five years.
ICBG intends to develop new loan products in the future.
ICBG has considered the pricing and guarantee fees of loan guarantee programs both regionally and internationally, in addition to considering the conditions prevailing in Iraq as a basis for establishing its own guarantee fee and pricing structure.
