Guarantees for businesses.
A round table was held on the development and support of SME’s in administration of Lenin district of Bishkek. Approximately, 60 people attended, including: First Deputy Mayor, Almaz Baketaev, akim (Head of District Administration), Toktosun Sultanov, state and municipal services, representatives of financial and credit institutions, as well as entrepreneurs.
The round table was also attended by employees of OJSC “Guarantee Fund” – Kamchybek Aaliev, Head of Regional Development Department and Abai Bakirov, Head of the Medium-Aaliev, head of the medium-sized business sector of Guarantee and Product Development. The latter informed the audience about the activities of OJSC “Guarantee Fund” in supporting entrepreneurs, conditions of providing guarantees, introducing new products, targeted at all SME’s.
The contribution of OJSC “Guarantee Fund” to the socio-economic development of the regions of Kyrgyzstan is best illustrated by information on the number of jobs created
Due to guarantees, entrepreneurs implement their business projects in the sectors of agriculture, processing, and develop production as well create jobs. As of September 30, OJSC “Guarantee Fund” issued 980 guarantees in amount of 1.338 billion KGS, the number of approved bank loans amounted to 4.611 billion KGS.
In total, 2 217 new jobs were created and 9 066 existing ones were maintained. How are jobs were distributed by region?
From the inception of activities of OJSC “Guarantee Fund” 225 jobs were created in Talas region, 224 jobs were maintained, 223 and 586, respectively in Osh region, 162 and 532 respectively in Jalal-Abad, 50 and 212 respectively in Batken, 48 and 668 respectively in Issyk-Kul, 144 and 876 respectively in Osh city, 281 and 1 146 respectively in Chui region, etc.
From the inception of activity and as of September 30, 2019, OJSC “Guarantee Fund” issued 980 guarantees to entrepreneurs in amount of 1.338 billion KGS, the volume of bank loans is amounted to 4.611 billion KGS.
In Regional Context:
As of September 30, 2019, guarantees have been issued as follows:
- Osh city – 38
- Osh region – 93
- Batken region– 66
- Jalal-Abad region -82
- Naryn region – 184
- Talas region – 36
- Issyk-Kul region – 92
- Chui region – 160, etc.
In Industry Context:
- Agriculture – 396 guarantees,
- Manufacturing – 99 guarantees,
- Agricultural Product Processing – 69, etc.
More, guarantees for agriculture amounted to 211 million KGS, Manufacturing – 258 million KGS, Agricultural Product Processing – 232 million KGS.
The amount of Bank loans under the guarantee of OJSC “Guarantee Fund” amounted to, as follows:
- Agriculture – 580 million KGS,
- Manufacturing – 889 million KGS,
- Agricultural Product Processing – 727 million KGS.