Guarantees for SMEs.
The participation of our country in the Eurasian Economic Union (EAEU) has led to an increase in trade with other participating countries. Along with the positive aspects, there has been an increase in imports of agricultural products and their processed products. The President and the Government of the republic constantly aim financial and credit institutions to provide financial support to entrepreneurs doing business in export-oriented and import-substituting directions.
GF also contributes to the support of domestic exporters, to the development of priority sectors of the economy, to the strengthening of small and medium enterprises (SMEs), by providing guarantee support to SMEs in obtaining bank loans.
So, as of June 28, 2019, GF approved 881 guarantees in the amount of KGS 1.140 billion. The volume of loans of partner banks amounted to 3.905 billion KGS. Since the beginning of this year, entrepreneurs have been issued 225 guarantees in the amount of 385 million KGS. The amount of bank loans amounted to 1.152 billion KGS.
We also note that on June 28, 91% of the loan of the RKDF (100 million KGS) was disbursed. Entrepreneurs received 51 guarantees in the amount of 90.9 million KGS.
Our garantees – your success!
ON THE TRAJECTORY OF PERMANENT GROWTH: KGS 97 MILLION ARE LEFT UP TO 4 BILLION.
The guaranteed loan issue is on the path of continuous growth. So, as of June 27, 2019, their volume amounted to KGS 3 billion 903 million. Another 97 million and there will be 4 billion! Behind these figures lies the great work of entrepreneurs developing business projects aimed at developing production, infrastructure, and strengthening their material and technical base.
Through the support for small and medium-sized enterprises in Kyrgyzstan, GF makes a significant contribution to job creation and employment, development of regional economies. This is the social and economic mission of the Fund.
In total, GF approved 879 guarantees for a total amount of KGS 1.139 billion.
Since the beginning of this year, 223 guarantees have been approved in the amount of KGS 384.7 million. Under the guarantee of the Fund, partner banks approved the issuance of loans to entrepreneurs in the amount of KGS 1.151 billion.
On June 27, 90% of the 100 millionth loan of the RKDF was disbursed. Guarantees were provided to 65 companies – clients of the RKDF – for a total amount of KGS 90.6 million.
We remind you that OJSC “GF” provides consulting services, support in the development of business plans; holds training seminars in the regions to explain the mechanisms for providing guarantees for entrepreneurs and employees of local branches of partner banks, and also implements the program “One region – one enterprise”, which aims to create new enterprises or new directions in existing industries.
OJSC “GF” – 3 years!
OJSC “Guarantee Fund” is 3 years old. It was established on June 23, 2016 by Order of the Government of the Kyrgyz Republic No. 288-p. The results of the activities of the GF over the past time have confirmed the timeliness and correctness of this step of the Government of the Kyrgyz Republic. The Fund has become a real Development Institute, demonstrating positive development dynamics, implementing programs to support small and medium-sized enterprises.
From the beginning of practical activities and as of June 23, 2019, the Guarantee Fund issued 868 guarantees in the amount of KGS 1.113 billion. The amount of loans approved by partner banks amounted to KGS 3,790 billion.
In the Year of Regional Development and Digitalization of the Country, announced by the President of the Kyrgyz Republic S. Jeenbekov, GF continues to provide support to entrepreneurs in districts and cities, thereby making a great contribution to ensuring employment, reducing migration and reducing poverty.
Guarantees for entrepreneurship.
As of June 25, OJSC “GF” approved 876 guarantees in the amount of KGS 1.136 billion. The volume of loans approved by partner banks amounted to KGS 3.896 billion.
Since the beginning of 2019, 220 guarantees have been approved in the amount of KGS 381.2 million. The volume of guaranteed loans for the current date reached KGS 1.144 billion.
Disbursement of the RKDF loan (KGS 100 million) continues. As of June 25, 49 guarantees were provided in the amount of KGS 89.7 million. This is 90% of the loan amount.
On June 23, OJSC “GF” turned three years old. These years were filled with creative work, hundreds of entrepreneurs from all regions of Kyrgyzstan provided guarantee support. Big plans for the future have been outlined. The President and the Government of the Kyrgyz Republic provide tangible support to the Guarantee Fund. And this means that activities to promote small and medium-sized enterprises, especially in the regions of the country, will continue actively.