LGUGC is the first private corporation to go into the financial guarantee business in the Philippines. It is the private sector link in public-private partnerships for local development financing. Powered by the values of good governance, LGUGC mobilizes the resources of private sector financial institutions toward funding local development projects.
LGUGC was incorporated on March 2, 1998 with the primary mandate of granting local government units (LGUs) access to private sources of capital by providing credit enhancement to LGU debt. Its credit enhancement facilitates the entry of LGUs with development projects in the capital market. LGUGC´s stockholders are members of the Bankers Association of the Philippines and the Development Bank of the Philippines.
Starting 2004, LGUGC gradually expanded it coverage and extended its guarantee services to water districts, electric cooperatives, renewable energy technology projects and medium and large enterprises that are into infrastructure development projects.
With proven track record for almost two (2) decades, LGUGC is the name to trust in the Philippine financial guarantee business.