Guarantees for business.
The year 2019 is about to end, since 11 months of it have passed. OJSC “Guarantee Fund” has done a good job of providing guarantees to support entrepreneurs. From the inception of activities of the fund, and as of December 4, 1350 guarantees were issued for a total amount of 1.516 billion KGS. Partner banks, under the guarantees of OJSC “Guarantee Fund”, issued loans in amount of over 5 billion KGS to entrepreneurs.
Let’s take a look at the statistics on the issuance of guarantees in regional context, then for instance, entrepreneurs of Batken region received 73 guarantees, of Jalal-Abad – 90, of Naryn – 204, of Osh – 111, of Talas – 44, of Chui – 175, of Issyk-Kul region (loans on milk producers included) – 363 guarantees.
The total amount of guarantees in Naryn region amounted to 77 million KGS (loan amount – 201.5 million), Issyk-Kul – 139.3 (loan amount – 387.3 million), Osh – 142.2 million (loan amount – 453.4 million), Chui – 296.6 million (loan amount – 918 million) KGS.
In context of industry, the picture is as follows:
- Agriculture – 712,
- Agricultural product processing – 72,
- Industry – 108,
- Transport – 88,
- Tourism – 58,
- Construction – 11 guarantees, etc.
At the same time, the amount of guarantees provided to agriculture amounted to 282 million KGS (loan amount – 739.4 million), agricultural product processing – 280.2 million (loan amount – 1.036 million), manufacturing – 287.1 million (loan amount – 979 million) KGS.
Guarantees for business.
As of December 4, 2019 the volume of loans approved by partner banks under guarantees of OJSC “Guarantee Fund” amounted to 5. 176 billion KGS.
From inception of activities and as of December 4, 2019, OJSC “Guarantee Fund” approved 1350 guarantees to entrepreneurs in the amount of 1.516 million KGS.
Since the start of 2019, 694 guarantees have been approved in amount of 761.1 million KGS. Under the guarantees of OJSC “Guarantee Fund”. Partner banks approved loans in amount of 2. 423 billion KGS.
To date, 80 percent of the loan received by OJSC “Guarantee Fund” from the RKDF in amount of 100 million KGS has been disbursed. Totally, 18 guarantees were issued in amount of 80.3 million KGS. Guarantees under this loan are intended for entrepreneurs of regions of the Kyrgyz Republic.
In a letter addressed to the Chairman of the Management Board of OJSC “Guarantee Fund”, Plenipotentiary Representative of the Government of the Kyrgyz Republic in Batken region, Akram Madumarov, expressed his sincere gratitude for the direction of the specialists of OJSC “Guarantee Fund” in Batken region for advising in the preparation of investment and business projects, as well as development programs.
Mr. Madumarov emphasized that the staff of OJSC “Guarantee Fund” for a short period of time reviewed and developed several important business projects for the region, which were subsequently selected and approved by the Competition Commission under the Government of the Kyrgyz Repubic.
The Plenipotentiary Representative also noted that he highly appreciated the contribution of OJSC “Guarantee Fund” to the social and economic development of Batken region.
Decision of Board of Directors.
This is the decision of the Board of Directors of OJSC “Guarantee Fund”, the meeting of which was held on November 22, 2019. The meeting in November was attended by all members of the Board of Directors headed by the Chairman –Kenzhetaev O.T., Karabaev U.M., Mamataliev A.M., Satymkulov M.Zh., Tashmatov Zh. B.
A meeting of shareholders in convened to discuss and decide on issues such as the creation of branches of OJSC “Guarantee Fund” in Jalal-Abad and Issyk-Kul regions, as well as the functioning of regional guarantee funds according to the law of the Kyrgyz Republic “On guarantee funds in the Kyrgyz Republic.”
The Board of Directors determined the date of the meeting to be December 25, 2019, and approved the voting ballots.