On March 24, 2018 in the Chamber of Commerce and Industry of the Kyrgyz Republic 3rd annual chess tournament «NOORUZ CUP-2018» took a place. CCI members and partners, representatives of state structures, embassies, international organizations and entrepreneurs participated there.
The purpose of the tournament, which was held with the support of the Chess Federation of the Kyrgyz Republic, is promotion of the intellectual sport and creation of a platform for meetings and communication.
Chairman of the Board of OJSC “Guarantee Fund” Malik Abakirov and Deputy Chairman Azamat Kozhobaev also participated in the tournament. Malik Abakirov played 5 games, three of which won, two lost. Azamat Kozhobaev won once and lost two games.
According to this tournament, Representatives of OJSC “Guarantee Fund” have a potential and in future can take high places.
On photo: M. Abakirov and A. Kozhobaev. Photo by CCI
Year of Regional Development
On March 13, there was a meeting between managements of OJSC “Guarantee Fund” (Malik Abakirov) and RKDF (Erik Asrandiev) with entrepreneurs in Naryn region.
The representative of the Government of the KR in Naryn region Amanbai Kaiypov also attended the meeting.
The same day Support Center for Entreprenuers under OJSC “Guarantee Fund” (OJSC “GF”) was held in Naryn region.
Managements of companies told entrepreneurs about conditions for loans, guarantees and answered questions of attendees.
Malik Abakirov and Aman Kaiypov participated in opening ceremony of Support Center for entrepreneurs under OJSC “Guarantee Fund” in Naryn region. Support Center for entrepreneurs was developed by OJSC “GF” in order to support entrepreneurs in business planning, management, marketing and consulting-information services.
Besides, Centers will assist in developing business plans, financial literacy, and hold different events for uniting entrepreneurs, share of experience, ideas and projects and discussing common issues and finding solutions.
During realizing this program OJSC “GF” hopes for cooperation with representatives of the Governments in regions, regional state administrations and other state structures. As assistance, local state administrations provide offices for representatives of OJSC “GF” free of charge, where regional SCE will be opened.
SCE are planned to be opened in other regions of Kyrgyzstan too.
“In 2016, when I was Prime Minister, I signed the Order on the creation of OJSC “Guarantee Fund”. It was a right and timely step. The Fund is demonstrating successful work. Today OJSC “Guarantee Fund” provides support to entrepreneurs, especially those engaged in agro-processing and export production.
We intend to increase the potential of OJSC “Guarantee Fund” by attracting the National Bank of the Kyrgyz Republic, RKDF, so that OJSC “Guarantee Fund” could provide substantial assistance to regional entrepreneurs.
Our goal is establishment of production, agro-processing enterprises and employment of population, that will reduce migration.
From the speech of the President of the Kyrgyz Republic Sooronbai Jeenbekov at the meeting with representatives of Kyrgyz and foreign Media on March 7, 2018
Specialists of OJSC “Guarantee Fund” (OJSC “GF”) regularly conducts training seminars for staff of partner banks on providing guarantees in case of insufficient collateral. CJSC “Demir Kyrgyz International Bank” and CJSC “KICB” recently became partners of OJSC “GF”, that’s why it was relevant to conduct trainings on new financial instrument in details.
On March 2-3, 2018, leading specialist of Department of Guarantees and Products Development of OJSC “GF” Abai Bakirov conducted trainings for KICB. On first and second days 15 employees of Bishkek branches and Head Offices of banks participated.
Similar seminar on guarantees for entrepreneurs took place on December 6 for employees of “Demir Bank”. Here, training seminars were conducted for three groups of 10 people at different times. Head Office staff and city branches staff attended these seminars. For reference, Demir Bank already issued one loan under guarantee of OJSC “GF”.
According to Abai Abakirov, employees of banks expressed a keen interest in guarantees, as it is a new instrument for them and it’s necessary to be fully ready for the work with clients – guarantee recipients from different spheres of economy.