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  • PROGRAM “INCREASING ACCESS FOR SMES TO FINANCING IN ORDER TO MITIGATE CONSEQUENCES OF COVID-19”

    Within the framework of the Action Plan of the Government of the Kyrgyz Republic for 2020 to restore economic activity and support activities of business entities (Action Plan of the Government of the Kyrgyz Republic), at the initial stage, a Program “Financing of Entrepreneurship Entities” was developed, which provides for total funding of 14 billion KGS.

    To support SMEs and expand provision of guarantees and ensure access for SMEs to loan and other financial resources, the National Bank of the Kyrgyz Republic (hereinafter – the National Bank) allocated 1.0 billion KGS to the equity of the Guarantee Fund.

    The financing received will be the source for the implementation of the Program of concessional lending through commercial banks with the participation of the Guarantee Fund.