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  • OJSC “GF” HAS APPROVED 126 GUARANTEES IN 2019

    OJSC “GF” HAS APPROVED 126 GUARANTEES IN 2019

    SME promotion.

    Since the beginning of 2019, as of April 19, the OJSC “Guarantee Fund” has approved 126 guarantees to small and medium enterprises in the amount of KGS 202.4 million. The volume of loans approved by partner banks amounted to KGS 598.4 million.

    From the beginning of the activity on the current date, 782 guarantees were approved in the amount of KGS 957.4 million. Partner banks approved loans in the amount of KGS 3,350 billion.

    Since the beginning of April and as of April 19, 33 guarantees have been issued. Most guarantees were issued to entrepreneurs of Naryn (8) and Jalal-Abad regions (7) and Bishkek (7). In Osh region 4 guarantees were issued. 2 guarantees were issued in Batken, Talas, and Chui regions, 1 guarantee was issued in Issyk-Kul region.

    As for the sectoral focus of guarantees, 12 guarantees were issued to agriculture, 4 to processing industry, 6 to industrial production, 9 to trade, construction and services – 1 guarantee each.

    Note, that the approval of guarantees for entrepreneurs is a process that takes time. Therefore, the guarantee portfolio is being replenished all the time, next business projects of entrepreneurs in all regions of Kyrgyzstan are on the way to a positive decision.

    As of April 19, OJSC “GF” disbursed 44 percent of the RKDF loan received last fall in the amount of KGS 100 million. 25 guarantees were provided to regional entrepreneurs in the amount of KGS 43.6 million.