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  • GUARANTEES IN THE YEAR OF REGIONAL DEVELOPMENT AND DIGITALIZATION OF THE COUNTRY

    In 2019, the activities of OJSC “GF” take place under the Year of Regional Development and Digitalization of the Country, declared by the President of the Kyrgyz Republic S. Jeenbekov. This means continuing the policy of supporting the regions, the goal is to improve the lives of villagers, develop small and medium enterprises, create new jobs, develop social infrastructure and solve local problems.

    Digitalization will ensure the availability, quality and transparency of public services in all regions. That will also have a beneficial effect on people’s lives, reduce bureaucracy, save time and money.

    From November 2016 and as of January 29, 2019, OJSC “Guarantee Fund” approved 674 guarantees for the amount of KGS 778.5 million. The amount of loans received by entrepreneurs in partner banks under the guarantees OJSC “GF” amounted to KGS 2.808 billion.

    From the beginning of 2019, 18 guarantees were approved in the amount of KGS 23.5 million. The volume of loans approved by banks under the guarantees of OJSC “GF” amounted to KGS 56.6 million.

    Within the framework of the disbursement of the RKDF second loan (KGS 100 million), 9 projects were supported by guarantees in the amount of KGS 17.7 million. In total for the current date 18 percent of the RKDF loan was disbursed.

    OJSC “GF” adopted OJSC “GF” Development Strategy for 2019-2023. Strategic programs are related to engineering, including the production of tractors. The program “One district – one enterprise” is being implemented in the regions, which is aimed at creating new industries and new activities in the existing enterprises. Currently 27 projects are being implemented.