GUARANTEE SUPPORT OF ANIMAL HUSBANDRY CONTRIBUTES TO THE DEVELOPMENT OF A NUMBER OF OTHER INDUSTRIES
It is known that livestock industry entails the development of crop production, without which animal husbandry itself is not able to exist. It also contributes to the production of feed needed for the diet of animals, and, in general, to the development of the processing industry which is using meat, milk, and skins, etc.
For instance, as of October 9, 2019, 406 guarantees were issued to agriculture. Entrepreneurs specializing in livestock industry were issued 328 guarantees in the amount of 148 million KGS, while the volume of loans under guarantees amounted to 397 million KGS.
As of October 9, 2019, OJSC “Guarantee Fund” approved 995 guarantees for a total amount of 1.344 billion KGS. Partner banks approved loans in amount of 4.666 billion KGS. Since the inception of the year, 339 guarantees worth 590 million KGS have been approved. Partner banks approved 1.914 million KGS in loans to entrepreneurs.