OJSC “Guarantee Fund” successfully continues the process of supporting small and medium enterprises in all regions. The number and amount of guarantees as well as loans issued by partner banks, are growing.
From the inception of its activity in November 2016 up to September 3, 2019, OJSC “Guarantee Fund” approved 952 guarantees for a total sum of 1.271 billion KGS.
Due to the guarantee provision of OJSC “Guarantee Fund” entrepreneurs have received loans from partner banks in total of 4.322 billion KGS.
Since the inception of the year, 296 guarantees have been approved in total of 516 million KGS. Partner banks approved 1.569 billion KGS in loans to entrepreneurs.
Development of the loan of Russian –Kyrgyz Development Fund (100 million KGS) continues. Up to this time, 5 guarantees have been issued in total of 6.279 million KGS under this loan, which is 6 percent of the loan amount.
Projects for regional development.
As we previously reported, the selection of business projects, infrastructure projects, and development programs for investment is taking place in the regions of the republic. The government allocated two billion KGS for this selection. The main criterion for such projects is the consideration of the specific conditions of each region.
Chairman of the Management Board of OJSC “Guarantee Fund”, Malik Abakirov, few days ago visited Naryn region, where he met with the leaders of the region, the mayor’s office, and discussed issues of supporting entrepreneurs, a number of local enterprises as well.
Similar meetings of the head of the fund took place in Batken region from August 29 to August 30, 2019.
The first meeting with entrepreneurs took place in the building of regional state administration of Batken. The First Deputy Plenipotentiary representative of the Government of the Kyrgyz Republic in Batken region, Kenesh Salikhov, and more than local entrepreneurs participated in the meetings.
The discussions touched development projects and programs, issues of their financing, and guarantee support. Malik Abakirov promised assistance in accessing finance, help in mastering business plans, and advice on doing businesses.
After the meeting, there were visits to enterprises. Particularly, the head of the fund, the head of the advisory services department of “Guarantee Fund”, Marat Urustemov, and regional representative of the fund, Nurlanbek Abdamitov, visited enterprises in Batken city, the village of Kara-Bak, and engaged in drying apricot and cattle fattening. Entrepreneurs showed their production and conversed about their plans and projects.