Fogaba

What Fogaba does

Fogaba (Fondo de Garantías Buenos Aires) is a non-profit public guarantee fund established in 1995 and operated under the Ministry of Production, Science and Technology of the Province of Buenos Aires, Argentina. Structured as a Sociedad Anónima con Participación Estatal Mayoritaria (SAEM), its core function is to facilitate access to credit for micro, small, and medium enterprises (MiPyMEs) by issuing guarantees on their behalf to banking partners and capital markets, compensating for the borrowers' lack of sufficient collateral. The portfolio includes four core guarantee lines (Automatic up to $50M with 48-hour evaluation, Semiautomatic up to $100M in 5 business days, Traditional Express, and Traditional up to $500M in 20 business days) alongside specialized programs such as Productive Microcredits (up to $13,985,900), Women Entrepreneur Financing, Green Financing, Value Chain Credits, and Productive Reactivation Credits.

Name

Fogaba

Legal name

Fondo de Garantías Buenos Aires

Website

https://fogaba.com.ar

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

51–100 employees

Short description

Fogaba is a non-profit public guarantee fund, established in 1995 under Buenos Aires Province's Ministry of Production, that helps micro, small, and medium enterprises access credit by issuing guarantees to nine banking partners and capital markets across all 135 municipalities of the Province.

Ownership category

akta.pro rank

Product category

Public Guarantee Fund Services

NAICS

International, Secondary Market, and All Other Nondepository Credit Intermediation (522299)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industries

SME Credit Underwriting, Scoring & Risk Analytics (FSAKAGAL), Agricultural & Rural Microfinance (FSAKAGAG), Microfinance, Financial Inclusion & Inclusive Markets (BPAGABAM)

Keywords

• Public guarantee fund
• SME credit access
• Financial advisory services
• Microcredit lending
• Debt guarantee issuance

Headquarters

HQ city

Cabaña De Río Pinto

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Guarantee Commissions: Fogaba, as a non-profit public guarantee fund, charges a commission to companies only when they successfully obtain credit through the guarantee. The company only pays a commission if it achieves the credit.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Fogaba is a non-profit public guarantee fund (Sociedad Anónima con Participación Estatal Mayoritaria) under the Ministry of Production, Science and Technology of the Province of Buenos Aires, Argentina. It analyzes MiPyME (micro, small, and medium enterprise) cases and issues guarantees that enable these businesses to access credit from partner banks and capital markets. The company provides free financial advisory, multiple guarantee lines with varying amounts and evaluation timelines, productive microcredits, and specialized financing programs (value chain credits, women's entrepreneur financing, green financing, productive reactivation). Companies only pay a commission if they successfully obtain credit through the guarantee.

Product overview

Fogaba operates as a unified platform offering public guarantee services and financing tools for SMEs in the Province of Buenos Aires, Argentina. The portfolio consists of a digital platform (Fogaba Digital) providing online guarantee management, multiple guarantee lines (Automatic, Semiautomatic, Traditional Express, and Traditional) with varying amounts and evaluation timelines, productive microcredits for microenterprises and independent workers, and specialized financing lines (Value Chain Credits, Women's Entrepreneur Financing, Green Financing, and Productive Reactivation Credits). On the banking side, Fogaba-backed guarantees cover working capital credits, investment credits, overdraft agreements, check discounting, sectoral credit cards, and government credit programs. In the capital markets segment, it supports negotiable obligations, own check discounting, and third-party check discounting, all facilitated through its network of 9 banking partners (including Banco Provincia, Banco Nación, Banco Ciudad, Banco de la Pampa, Banco BICE, Banco Supervielle, Banco Credicoop, Banco Patagonia, and Banco Hipotecario) and strategic partners such as Provincia Microcréditos, CFI, Bolsa de Comercio de Buenos Aires, and ARCA.

Differentiator

Problem solved

Functional benefit

Brands

• Fogaba Digital: Digital platform for Fogaba's online services.

Products and services

• Fogaba Digital

Quantifiable outcome

• More than 40,000 MiPyMEs assisted since creation in 1995
• +4 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature2 records

Partnerships

Eight partnerships are on record, tiered key and core.

• Comisión Nacional de Valores (CNV)keyStrategic or Co-development Partner · 21 December 2022Joint presentation of the PyME Guide with CNV and CAME to promote access of micro, small, and medium enterprises to capital markets financing. Fogaba and CNV work together on new forms of disseminating financing tools.
• CAME (Cámara Argentina de la Mediana Empresa)keyStrategic or Co-development Partner · 19 December 2022Collaborated with CNV and Fogaba on the PyME Guide, a collaborative project to promote SME access to capital markets financing.
• Ministerio de Justicia y DDHH de la Provincia de Buenos AireskeyStrategic or Co-development Partner · 6 December 2022Fogaba signed a cooperation agreement for the creation of a digital single window 'Tu empresa en un trámite,' the first such system in Argentina to simplify and digitize business formation and registration procedures.
• Instituto Nacional de Tecnología Industrial (INTI)keyStrategic or Co-development Partner · 21 July 2021Fogaba signed an agreement with INTI to provide advisory services and guarantees to firms whose projects have been selected and verified by INTI, supporting technological development and productive growth.
• Consejo Profesional de Ciencias Económicas de la Provincia de Buenos AireskeyStrategic or Co-development Partner · 19 May 2021Agreement to jointly develop activities aimed at the development and implementation of products and services, and facilitate access to various financing alternatives for SMEs.
• Bolsa de Comercio de Buenos AirescoreChannel Partner/ Reseller/ DistributorThrough the Buenos Aires Stock Exchange, Fogaba enables capital markets operations including discounted checks and negotiable obligations for MiPyMEs.
• FONRED (Red Federal de Fondos de Garantía Públicos de Argentina)coreStrategic or Co-development PartnerFogaba is an active member and leader in FONRED, a network of 7 provincial guarantee funds. FONRED joined the CreAr program to accelerate financial inclusion of PyMEs through the public guarantee system.
• REGAR (Red Iberoamericana de Garantías)coreStrategic or Co-development PartnerFogaba is a founding member of REGAR and holds the Secretary General role jointly with Bancomext. REGAR organizes the annual Ibero-American Forum on Guarantees and Financing. Fogaba was awarded the Pablo Pombo 2025 in the Institutions category.

Scale indicators14 records

Recent moves2 records

Expansion highlights6 records

Regional players

• Bancomext (Banco Nacional de Comercio Exterior, Mexico): Mexican development bank jointly holding the Secretary General of REGAR with Fogaba. Provides SME and trade financing guarantees; comparable functional mandate in financial inclusion despite different operational geography.
• CORFO (Corporación de Fomento de la Producción, Chile): Chilean development agency running SME guarantee and credit programs (FOGAPE). Provides state-backed guarantee instruments for SME bank access in Chile, structurally analogous to Fogaba's role in Buenos Aires Province.
• COFIDE (Corporación Financiera de Desarrollo, Peru): Peruvian development bank running SME guarantee programs (incl. FAE-MYPE). Comparable mandate of channeling bank credit to SMEs via partial guarantees; different geography but similar mechanism.
• NAFIN (Nacional Financiera, Mexico): Mexican national development bank offering SME guarantee and credit programs. Operates comparable guarantee instruments for SME financial inclusion but in Mexico, not Argentina.

Others

• Banco BICE (Argentina): Argentine state-owned investment and foreign trade bank that is one of Fogaba's 9 core banking partners and operates complementary BICE FOGABA-backed credit lines. Indirect peer via partnership relationship rather than direct competition.

Broad incumbents

• International Finance Corporation (IFC): World Bank Group's private-sector arm providing SME credit guarantees, partial credit guarantees, and risk-sharing facilities globally. Operates at much larger scale and across geographies but performs the same core function of guarantee-supported financial inclusion.
• BNDES (Brazilian Development Bank): Brazilian national development bank providing SME credit lines and guarantee products (BNDES Garantias). Operates at national rather than provincial scope and at much larger scale, but functionally equivalent to Fogaba in supporting SME bank access via guarantee instruments.

Direct peers

• FOGAR (Fondo de Garantías de la Actividad Productiva): Other Argentine provincial public guarantee funds (e.g., Río Negro, Santa Fe, Tucumán). Same SAEM-type structure, BCRA-rated, focused on guarantee issuance for PyME bank credit within their respective provinces and participating in FONRED.
• FOGAES (Fondo de Garantías de Entre Ríos): Provincial public guarantee fund in Entre Ríos, Argentina, member of FONRED (Federal Network of Provincial Guarantee Funds). Operates the same model of issuing guarantees enabling MiPyME access to bank credit, making it the closest structural peer to Fogaba.
• SGR (Sociedad de Garantía Recíproca) Argentina: Argentina's mutual guarantee society model, where member SMEs cross-guarantee one another with fund backing. Different legal structure (mutual) but functionally comparable to Fogaba in providing guarantee instruments to enable SME bank access.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/fogaba
• YouTubeyoutube.com/channel/UCvRqJdZ4J27sUYqDBcZc6-Q
• Facebookfacebook.com/FOGABA
• Instagraminstagram.com/fogaba
• LinkedInlinkedin.com/company/fogaba

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fogaba