Hybrid Credit Guarantees A combination of individual and portfolio guarantees, incorporating elements of both approaches. Key Feaatures Risk is shared between the guarantor and lender, with coverage applied to individual loans within a portfolio.Guarantees may have specific conditions for individual loans while being managed as part of a broader portfolio.Often designed to target specific policy goals, such as promoting small business or green lending. Examples Partial credit guarantees where the guarantor covers a percentage of the loss for individual loans within a portfolio.Development finance institutions combining portfolio guarantees with borrower-specific conditions. Advantages Flexible and adaptable to specific lending goals.Allows risk sharing at both the individual and portfolio levels.Can target specific sectors or policy priorities (e.g., microfinance, renewable energy projects). Disadvantages Complex to structure and administer.Requires careful monitoring and risk management at both levels.