The Inter-American Development Bank
SME CREDIT GUARANTEE SCHEMES
Published for
The Inter-American Development Bank
by
The Financier
Vol. 4, No. 1 & 2, February/May 1997
Contents
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Collateral Without Consequence: Some Causes and Effects of Financial
Underdevelopment in Latin America
Paul Holden
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Costs and Benefits of Loan Guarantee Programs
Robert C. Vogel and Dale W. Adams
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Sustainability of Credit Guarantee Systems
Michael Gudger
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The Financial Supervision of Loan Guarantors
Jorge Castellanos
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National Guarantee Fund of Colombia
Beatriz Marulanda De Garcia
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Evaluation of CORFO's CUBOS-SME Program: 1991-1995
Patricio Arrau
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The FUNDES Experience with Guarantee Systems in Latin America:
Model, Results and Prospects
Eckart Oehring
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Credit Guarantee Systems for Small and Medium Enterprises in
Some Asian Countries
Michiko S. Hatakeyama, Masami Yamamori and Hisami Nakamura
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Loan Guarantee Systems for SMEs in Europe
Juan Luis Llorens
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Best Practice in Credit Guarantee Schemes
Jacob Levitsky
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Sustainability of Credit Guarantee Systems, by Michael Gudger
Reviewed by Richard L. Meyer and Geetha Nagarajan
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Costs and Benefits of Loan Guarantee Programs, by Robert C. Vogel and Dale
W. Adams
Reviewed by Glenn Westley
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Costs and Benefits of Loan Guarantee Programs, by Robert C. Vogel and Dale
W. Adams
Reviewed by Allan L. Riding
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The Financial Supervision of Loan Guarantors, by Jorge Castellanos
Reviewed by Hans Schulz
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