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  • GUARANTEES OF OJSC “GUARANTEE FUND” HELP ENTREPRENEURS ACHIEVE THEIR GOALS

    GUARANTEES OF OJSC “GUARANTEE FUND” HELP ENTREPRENEURS ACHIEVE THEIR GOALS

    OJSC “Guarantee Fund” assists in the formation and development of SMEs, strengthens their financial condition, and helps achieve their business goals. Due to guarantees, entrepreneurs develop production, contribute to the socio-economic development of regions, export-oriented enterprises enter foreign markets.

    Since the beginning of its activities, as for today, OJSC “Guarantee Fund” has approved 1942 guarantees in amount of 1.767 billion KGS, the volume of loans issued by partner banks amounted to 6.202 billion KGS.

    For instance, of the total number of guarantees, 1239 were provided to agriculture, 75 to processing sector, manufacturing sector received 119 guarantees.

    If we take it in a regional context, then 104 guarantees were provided to entrepreneurs in Issyk-Kul region, Naryn – 227, Chuy – 193, Osh -150, Jalal-Abad – 100 Batken -81, Talas – 50, Osh – 51, Bishkek – 255 guarantees.

    In addition, since October 2019, the Worl Bank project “Integrated Dairy Productivity Improvement in Issyk-Kul region” has been carried out. OJSC “Guarantee Fund” as a participant in the implementation of this project approved 728 loans for a total amount of 50 916 million KGS. In terms of banks, “Aiyl Bank” has issued by far the largest number of guarantees among banks – 544. The amount of guarantees is 539 million KGS, the amount of loans – 1.582 billion KGS.

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