Guarantees for entrepreneurship
In November, SMEs showed good rates of using guarantees to obtain loans. The beginning of December shows good indicators. In just seven days, from December 1 to December 7, 2020, 65 guarantees were provided to entrepreneurs of Kyrgyzstan.
This year, the Guarantee Fund approved 1,648 guarantees in the amount of 854 million KGS. The loans under guarantees amounted to 3.27 billion.
In total, since the beginning of its activity, SMEs in all regions have been issued 3250 guarantees in the amount of 2.53 billion KGS. The loans approved by partner banks amounted to 8.9 billion KGS.