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  • ONE REGION – ONE ENTERPRISE PROGRAM PROMOTES PERSPECTIVE PROJECTS, INCLUDING STARTUPS

    ONE REGION – ONE ENTERPRISE PROGRAM PROMOTES PERSPECTIVE PROJECTS, INCLUDING STARTUPS

    Year of Regional Development and Digitalization of the country.

    “One District – One Enterprise (“OROE”) program of OJSC “Guarantee Fund” has been operating since 2017. The program is aimed at assisting entrepreneurs in establishing new enterprises and/or new directions in existing enterprises in each region of Kyrgyzstan.

    In essence, this is support for startups and innovative ideas, which with the support will contribute to the economic growth of districts and cities. As part of the OROE program, 34 projects are being implemented in various sectors of the economy, including export-oriented ones.

    To support these projects, OJSC “GF” provided guarantees in the amount of KGS 103.6 million. The guaranteed loans of banks for the implementation of projects amounted to KGS 308.2 million.

    For example, in 2018-2019 the following projects for the establishment of new industries were supported: construction of a hotel in At-Bashy district, production of garments in Bishkek, purchase of breeding cattle in Ak-Suu district, construction of a greenhouse in Jalal-Abad city, production of building materials in Osh region, hotel services in Issyk-Kul region, production of building materials in the Batken region, production of rubber shoes in Bishkek, etc.; new directions: acquisition of equipment for sorting and cleaning beans in Talas region, production of wooden boxes for fruit and berry crops in Alamudun district, acquisition of a production line for cutting and processing stone in Osh region, production of building materials, sand, crushed stone, screenings in Batken, cotton processing in Nooken district, tourism and hotel services in Bishkek, etc.

    In the regional context, the support of the OJSC “GF” was provided to projects of the following regions and cities:

    Issyk-Kul and Chui regions – 5 projects each; Osh region – 4 projects; Naryn, Talas, Jalal-Abad and Batken regions – 3 projects each; Bishkek – 8 projects.

    Reference:

    The OROE program is implemented jointly with entrepreneurs, partner banks and local authorities.

    Committee for the initial selection of projects with the participation of representatives of local governments, business communities, and financial institutions have been established in each district and region;

    In order to receive assistance in the framework of the OROE program, entrepreneurs should contact the Committee for the initial selection of projects in the local state administrations, regional offices of OJSC “GF” or partner banks.

     

    TRAINING IN KARAKOL

    TRAINING IN KARAKOL

    Loans and guarantees.

    On May 13, at the Hotel Tagaytay in Karakol, on the initiative of the RKDF Information and Consultation Center, a training was held on “Loans for development of SMEs” said Kuban Nasirov, a regional representative of OJSC “GF”. In addition to representatives of the RKDF, heads of the local branches of Aiyl Bank and RSK Bank took part in the training.

    The training participants were 45 farmers and entrepreneurs from the Tyup, Ak-Suu and Jeti-Oguz districts, including Askar Zhanybekov, general director of the agricultural firm Reina Kench, reported Kuban Nasirov.

    The main issues of the training were, of course, loans within the framework of the Government programs for preferential financing of agriculture, the presentation of loan products of state banks, including the leasing of agricultural equipment.

    The representative of OJSC “GF” also participated in the discussion, spoke about the activities of the Fund on guarantee support for small and medium enterprises and responded to the questions from the training participants.