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  • EMPLOYEES OF OJSC “GUARANTEE FUND” DISCUSSED MECHANISMS OF GUARANTEE ISSUANCE WITH LOAN SPECIALISTS OF TALAS REGION

    The next business trip of employees of OJSC “Guarantee Fund” to the region took place. This time, they visited Talas region, where they held seminars on mechanisms of guarantee issuance.

    From February 17 to 19, 2020, the employees of Guarantee and Product Development Department of OJCS “Guarantee Fund”, Saparbay uulu Altynbek and Ermek Ibraev held training seminars for representatives of the branches of partner banks of OJSC “Guarantee Fund” in Talas city.

    After the presentation of the activities of OJSC “Guarantee Fund” on guarantee support for entrepreneurs, discussion of mechanisms for issuing guarantees, an exchange of views between the fund employees and the heads of branches, and loan specialists was held.

    The seminar was attended by representatives of KICB, Optima Bank, Bakai Bank, RSK Bank, Aiyl Bank, CB Kyrgyzstan. They expressed their readiness to intensify further work on the issuance of loans under the guarantees of OJSC “Guarantee Fund”.

    Also, on February 25, the director of Talas branch of OJSC “Guarantee Fund” Murat Zhusupov together with the regional representative Bolot Kozhokeev held this seminar for credit specialists of CJSC “FINCA Bank”, about 10 workers participated.

    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.

    A MEMORANDUM FOR THE FORMATION OF COORDINATION COUNCIL FOR THE CREATION AND DEVELOPMENT OF CLUSTERS WAS SIGNED.

    A MEMORANDUM FOR THE FORMATION OF COORDINATION COUNCIL FOR THE CREATION AND DEVELOPMENT OF CLUSTERS WAS SIGNED.

    On February 19, 2020, a Memorandum on the formation of a coordination council on the creation and development of clusters was signed, within the framework of which the parties agreed on joint expert, information, and analytical activities, as well as on further practical application on the results of activities in the development of projects  based on the cluster approach. The memorandum was signed by the heads of the Economy of the Kyrgyz Republic S. Mukanbetov, the Ministry of Agriculture, Food Industry and Land Reclamation of the Kyrgyz Republic E. Choduev, the Chairman of the Management Board of OJSC “Guarantee Fund” M. Abakirov, Russian-Kyrgyz Development Fund A. Aaliev, “BT Innovations” financial fund T. Ashimov, OJSC “RSK Bank” A. Omorkulov, OJSC “Ayil Bank” B. Shamkeev.

    The purpose of the Memorandum is to establish a Coordinating Council for the development of partnerships and effective cooperation aimed at preparing and initiating the development of clusters in various sectors of the economy of the Kyrgyz Republic, as well as establishing partnerships and developing effective and mutually beneficial cooperation aimed at supporting the application of cluster projects in various sectors of the economy by financial, methodological, organizational support of economic agents – participants of these projects.

    To this date, In Kyrgyzstan, initiatives to develop clusters in the regions can be implemented in several leading sectors of the economy in which the necessary economic conditions have matured, namely:

    • In agro-industrial complex (the areas of: milk, fish, meat, wool, etc.)
    • In light industry, primarily in the clothing industry;
    • In tourism (in direction of resort and recreational tourism, skiing, ecotourism, etc.)
    • In small energy and other sectors of economy.

     

    Today, OJSC “Guarantee Fund” is implementing two cluster projects – “Development of Intensive Sheep Husbandry” and “Integrated Dairy Productivity Improvement” (issuing loans to farmers in Issyk-Kul region). Since the start of the project in the dairy industry, 110 members of milk producer groups have been granted loans totaling 45.748 million KGS.

    OJSC “GUARANTEE FUND” TOOK PART IN THE INFORMATION CAMPAIGN “CARAVAN OF EXPORT. DEVELOPMENT OF REGIONS”

    OJSC “GUARANTEE FUND” TOOK PART IN THE INFORMATION CAMPAIGN “CARAVAN OF EXPORT. DEVELOPMENT OF REGIONS”

    On February 18, 2020, the information campaign “Caravan of Export. Development of Regions” has launched in Batken. More than 30 representatives of the business community and government bodies of Batken region participate in it.

    The head of the regional development department of OJSC “Guarantee Fund” Kamchybek Aaliev participated and spoke in it. Kamchybek Aaliev spoke about the activities of OJSC “Guarantee Fund”, the mechanism of receiving guarantees, as well as the programs “One Region – One Enterprise” and “Development of Intensive Sheep Husbandry in the Kyrgyz Republic.”

    During the event, an online survey was conducted among the participants to identify the needs and problems of manufacturers and exporters. In the second part of the seminar, participants were given the opportunity to receive personal advice from experts on issues of interest.

    The “Caravan of Export” is supported by the UNDP Trade Facilitation Project, funded by the Government of Finland.

    A SEMINAR FOR LOCA ENTREPRENEURS OF TALAS WAS HELD

    A SEMINAR FOR LOCA ENTREPRENEURS OF TALAS WAS HELD

    On February 12-13, 2020, Azamat Kozhobaev, Deputy Chairman of the Management Board of OJSC “Guarantee Fund”, and Bedel Kyryraliev, specialist of PR department, were on a business trip in Talas region. During the trip, they were accompanied by the director of Talas Branch of OJSC “Guarantee Fund” Murat Zhusupov and the regional representative Bolot Kozhokeev.

    In Talas, the representatives of OJSC “Guarantee Fund” visited two enterprises: “Talas Daamy” LLC (production of cheese and butter), and SP “Choibekov M.” (coal trading) located in the city of Talas. Azamat Kozhobaev listened to a number of business problems that they face and expressed readiness to support them with guarantee support.

    The next day, February 13, a seminar of the Deputy Chairman gave a seminar for local entrepreneurs in the building of Talas Regional State Administration. During the meeting, he spoke in detail about the activities of OJSC “Guarantee Fund”, as well as about the “Development of Intensive Sheep Husbandry in the Kyrgyz Republic” program, developed by OJSC “Guarantee Fund”.

    The meeting was attended by 60 farmers.