Thanks to guarantees of OJSC “GF”, Kyrgyz entrepreneurs have possibility to receive loans in the partner banks in full, that contributes to the successful implementation of their business projects. In turn, the implementation of projects has a positive impact on the socio-economic development of the regions, primarily on employment and reducing migration, and ultimately reducing poverty.
In total, since the start of activities and as of April 26, entrepreneurs received 791 guarantees in the amount of KGS 969.3 million. Partner banks approved guaranteed loans in the amount of KGS 3.366 billion.
The current year, as of April 26, GF approved 135 guarantees in the amount of KGS 214.3 million. The guaranteed loans approved by partner banks amounted to KGS 614 million.
OJSC “GF” conducts continuous and consistent work on providing advice to entrepreneurs, explaining the guarantee conditions and mechanisms. For example, in the 1st quater, the Consulting Department conducted 20 consultations for SMEs, and several business plans were developed. Regional representatives held 32 workshops to explain the mechanisms for issuing guarantees for entrepreneurs and bank employees. Also 24 meetings were held with representatives of local authorities.