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  • GUARANTEES OF OJSC “GUARANTEE FUND” AIMED AT SUPPORTING REGIONS AND PRIORITY SECTORS

    GUARANTEES OF OJSC “GUARANTEE FUND” AIMED AT SUPPORTING REGIONS AND PRIORITY SECTORS

    December Guarantees.

     OJSC “Guarantee Fund” since the inception of its activities and as of December 24 approved 1584 guarantees in amount of 1 637 million KGS. Partner banks approved loans in amount of 5 530 million KGS.

    As of December 24, OJSC “Guarantee Fund” disbursed 96 percent of the loan of the RKDF which was received in amount of 100 million KGS: 24 guarantees were provided in the amount of 95.8 million KGS. Prior to this, two similar loans were successfully mastered.

    In the process of providing guarantees involved 12 partner banks and RKDF. Guarantees are issued in all regions of Kyrgyzstan. In the sectoral context, agriculture and other priority sectors are leading.

    In 2019, two branches of OJS “Guarantee Fund” were opened in Naryn and Osh regions. The next step is the opening of branches in Jalal-Abad and Issyk-Kul regions. These measures will improve the interaction of OJSC “Guarantee Fund” with local entrepreneurs, expand their coverage with consultations and guarantees. It is worth to note that the branches are authorized to approve guarantees with an amount of up to 300 thousand KGS.