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  • BUSINESS PROJECTS ARE IMPLEMENTED THANKS TO GUARANTEES IN DIFFERENT INDUSTRIES AND SPHERES

    BUSINESS PROJECTS ARE IMPLEMENTED THANKS TO GUARANTEES IN DIFFERENT INDUSTRIES AND SPHERES

    Support for entrepreneurship

    Timely support for regional entrepreneurs of Kyrgyzstan from the OJSC “Guarantee Fund” helps them to implement business projects in various industries and spheres.

    In 2020, as of November 12, the Guarantee Fund provided entrepreneurs with 1,472 guarantees in the amount of 765.5 million KGS. The amount of loans secured by guarantees, approved by partner banks, amounted to 3.03 billion KGS as of the current date.

    In total, since the beginning of its activity, the Guarantee Fund has issued 3,074 guarantees in the amount of 2.44 billion KGS. The volume of bank loans secured guarantees amounted to 8.69 billion KGS.

    Only in November, for example, OJSC “GF” supported projects of entrepreneurs aimed at breeding sheep, cattle and horses in the Jalal-Abad, Naryn, Osh and Chui regions, the production of food products, confectionery, the purchase of raw materials for a bakery, chickens in Jalal-Abad, Osh, Talas regions, replenishment of working capital and refinancing of loans in Jalal-Abad, Osh, Chui and Issyk-Kul regions.

    The guarantees were also provided in the sphere of trade in building materials, auto parts, household goods, soap and detergents, textiles, consumer goods, the purchase of commercial real estate in the Jalal-Abad, Chui and Issyk-Kul regions.

    The guarantee recipients from Osh, Naryn, Chui regions and Bishkek purchased a truck, a concrete pump, a stationary milking installation with credit funds, and carried out special construction work.