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  • GUARANTEED LOANS ARE INCREASING

    GUARANTEED LOANS ARE INCREASING

    SME promotion.

    Thanks to guarantees, loan issue of partner banks of OJSC “Guarantee Fund” is growing. It turns out a double benefit: entrepreneurs receive the necessary financing for the implementation of business projects, and banks increase lending.

    Thus, as of May 15, loans approved by partner banks amounted to KGS 3 billion 495 million. OJSC “GF” issued 819 guarantees in the amount of KGS 1 billion 9 million.

    From the beginning of 2019, at the current date, 163 guarantees were approved in the amount of KGS 254.3 million. Partner banks approved the issuance of guaranteed loans to entrepreneurs in the amount of KGS 743.3 million.

    At this date, 56% of the 100 millionth loan of the RKDF was disbursed. The guarantees for the total amount of KGS 55.7 million were received by 34 companies – clients of the Fund.

    We remind that OJSC “GF” also provides consulting and information services for entrepreneurs, conducts seminars for regional entrepreneurs and employees of branches of partner banks on the conditions and mechanisms for providing guarantees.

    Today, OJSC “GF” has 11 partner banks: OJSC “Aiyl Bank”, OJSC “RSK Bank”, OJSC “Kyrgyzstan”, CJSC “Bank of Asia”, CJSC “FINCA Bank”, CJSC “Bank Kompanion”, CJSC “Demir Bank”, CJSC “KICB”, OJSC “Halyk Bank Kyrgyzstan”, CJSC “BTA Bank”, OJSC “Bakai Bank” with more than 230 branches in all regions of Kyrgyzstan, as well as the RKDF.