Exchange Rates:
USD 69,79
EUR 77,36
KZT 0,180
RUB 1,057
(0312) 66-49-60, (0312) 62-53-79 office@gf.kg
  • Кыргызча
  • Русский
  • English
  • OJSC “Guarantee Fund” and Kyrgyz Union of Industrialists and Entrepreneurs signed Memorandum on cooperation

    On May 19 at OJSC “GF” office Memorandum on cooperation between OJSC “Guarantee Fund” (OJSC “GF”) and Kyrgyz Union of Industrialists and Entrepreneurs was signed. It was signed by the Chairman of the Board of OJSC “GF” Malik Abakirov on the one hand and the President of Kyrgyz Union of Industrialists and Entrepreneurs Kurmanbek Otorov on the other hand.

    As Malik Abakirov noted, this document would contribute to expansion of linkages between OJSC “Guarantee Fund” and SMEs representatives included in Kyrgyz Union of Industrialists and Entrepreneurs.  “Our main objective is to provide entrepreneurs with guarantees for obtaining loans in commercial banks and we consider the fact that they are united in Kyrgyz Union of Industrialists and Entrepreneurs very positively,” – said M. Abakirov.

    On the other hand, the President of Kyrgyz Union of Industrialists and Entrepreneurs Kurmanbek Otorov announced that the initiative for cooperation was mutual, as it was beneficial for both sides. The Union includes more than 20 legal entities consisting of thousands of entrepreneurs. Among them are potential customers of OJSC “GF”.

    Indeed, according to OJSC “GF”, from 40% to 50% of entrepreneurs who apply for bank loans cannot obtain the necessary loan amount due to insufficient collateral. The research shows that the potential demand of market for guarantees is KGS 9.6 billion. We can only welcome the appearance of such a state company in our country established to assist entrepreneurs in obtaining loans for development, expansion of production and technical modernization.

    “Cooperation within this Memorandum generally will affect the further activation of small and medium-sized enterprises, increase their financial possibilities and contribute to expansion of production capacities, creation of new jobs, allocation of tax and social payments to local budgets”, – assured Malik Abakirov and Kurmanbek Otorov.

    Press release

    Malik Abakirov: “OJSC “GF” is aimed at assisting SMEs in obtaining loans in the necessary amount in case of insufficient collateral by providing guarantees.”

    On May 19, 2017 at OJSC “Guarantee Fund” office (OJSC “GF”) press conference of the Chairman of the Board of OJSC “GF” took place with participation of representatives of mass media – news agencies “Kabar” and “24.kg”, magazines “Slovo Kyrgyzstana”, “Erkin-Too”, “Obshestvennyi reiting”, “Ekonomika”, “Achyk sayasat”, etc. The press conference was dedicated to the performance indicators of OJSC “GF” for the entire period (as of May 18, 2017).

    “OJSC “GF” is aimed at assisting SMEs in obtaining loans in the necessary amount in case of insufficient collateral by providing guarantees,” – said the Chairman of the Board of OJSC “Guarantee Fund” Malik Barktabasovich Abakirov. Over the past six months OJSC “GF” provided significant support to SMEs by providing guarantees amounting to total KGS 57,1 million, so SMEs could obtain bank loans amounting to KGS 226 million. Journalists were given detailed information materials. Conversation with journalist was very thorough and trust-based. They received answers to all their questions.