Dear partners, colleagues and entrepreneurs!
Please accept my sincere congratulations with the New Year!
Let me thank you for your cooperation in the past year, for your joint work for the prosperity of Kyrgyzstan.
We value the established partnership and are confident in successful long-term cooperation.
May 2021 give new perspectives and bright achievements. May success and financial well-being accompany in all matters! Open up new horizons and reach new heights, and OJSC “Guarantee Fund” will be your reliable partner in achieving your goals.
In the New Year, I wish you new achievements and creative ideas and the implementation of the most daring, grandiose plans!
I wish you and your family warmth and prosperity, happiness and health!
Chairman of the Board
OJSC “Guarantee Fund”
On the eve of the New Year, the Guarantee Fund hosted a ceremony of awarding certificates and letters of gratitude to its employees who achieved high results in their work.
In his speech, the Chairman of the Management Board of OJSC “Guarantee Fund” Malik Abakirov congratulated the staff on the coming New Year, noting the contribution of each employee to the development and activities of the Fund, wished everyone good health, professional success and career growth.
Certificate of Appreciation of the Ministries of Finance and Economy of the Kyrgyz Republic were awarded to Head of the Risk Management Department Reina Kurmankozhoeva, Head of the Accounting and Budgeting Department Makhabat Kazieva, Head of the Guarantee Administration Department Elmira Mamytova, Internal Auditor Aziz Aliev, Head of the Small Entrepreneurship Department Altynbek Saparbai u., director of the Naryn branch Kamchybek Chukuev.
The reasons for awarding employees were many years of fruitful work, a significant contribution to support entrepreneurship, the socio-economic development of Kyrgyzstan.
Other employees of the company were awarded letters of gratitude from OJSC “Guarantee Fund” for the high-quality performance of their duties and personal contribution to the development of the company.
Results of the promotion.
On December 28, 2020, the ceremony of awarding the winners and prize-winners of the promotion campaign “Billion guarantees!”, which was held from October 1 to December 15, 2020, took place at the office of the Guarantee Fund.
The award ceremony was opened by Chairman of the Management Board of OJSC “Guarantee Fund” Malik Abakirov.
In his welcoming speech, the Chairman expressed gratitude to representatives of the banking institutions for their cooperation in providing support to SMEs of the country.
As a result of the completed promotion, the winners who took the first three places were awarded TVs, cell phones and multifunctional watches.
The winners of the Best Bank and Best Branch nominations were awarded with souvenirs.
Thus, OJSC “Commercial Bank Kyrgyzstan” became the best bank; the best branches became the Bishkek branch “Kievskaya”, the Jalal-Abad and Balykchy branches of CJSC “Bank of Asia”, “Osh main directorate”, the Naryn and Talas branches of OJSC “Commercial bank Kyrgyzstan” and Yrysky branch of OJSC “RSK Bank”.
For the attention of the media!
On December 28 at 10:00 o’clock in the conference hall of the Guarantee Fund the ceremony of awarding the winners of the nominations of the promotion campaign “Billion guarantees!” will take place. The promotion started on October 1, 2020 and ended on December 15. It was conducted among loan officers of regional branches of partner banks.
The purpose of the traditional campaign of OJSC “GF” is to promote guarantees aimed at supporting SMEs in the Kyrgyz Republic, carried out in conjunction with partner banks.
As a result of the promotion, during which the indicators were assessed by the number and amount of guaranteed loans, the best bank and the best branches were determined, which will be awarded valuable gifts and souvenirs.
Address of OJSC “GF”: Bishkek, Chui Ave., 114, 4th floor, conference hall.
Business guarantees: success statistics.
On December 22, 2020, the annual indicator of 2019 in terms of the amount of guarantees (920,781 thousand KGS) was exceeded, amounting to 925,025 thousand KGS. Until the end of the year, this amount will increase even more.
As for the amount of loans issued against guarantees of OJSC “Guarantee Fund”, the annual indicator of 2019 was exceeded on November 4: 2019 – 2,905 million KGS, on November 4, 2020 – 2,990 million KGS.
Even earlier, the indicators for the number of guarantees were exceeded. So, if for the whole of 2019, 946 guarantees were issued, then as of August 7, 2020, 948 guarantees were issued. Now, on December 22, this figure has increased to 1778.
In December, employees of the Guarantee Fund conducted surveys of farms of groups of milk producers in the village of Kok-Sai of the Ton district, Baltabai of the Jeti-Oguz region, within the framework of the World Bank project “Integrated Dairy Productivity Improvement in the Issyk-Kul region”.
Based on the results of the conducted surveys, OJSC “Guarantee Fund” assisted in the provision of loans by the Ministry of Finance of the Kyrgyz Republic to 131 beneficiaries, which were united in 20 groups of milk producers in the village of Kok-Sai, for a total of 11 million 218 thousand KGS.
Farm surveys are continuing in the villages of Toguz-Bulak of the Ton district and Jon-Bulak of the Jeti-Oguz district.
When examining farms, attention is drawn to the absence of loan arrears, the presence of land with an area of no more than 5 hectares, the presence of cattle of no more than 3 heads. Also, borrowers must make their own contribution of 10% of the loan amount. It is important to observe the following proportions:
- at least 45% of the direct beneficiaries must be women;
- at least 10% of the direct beneficiaries must be young people (18-29 years old).
Loans are interest-free, issued in the amount of up to USD 1,200 per person (in KGS equivalent), and for a period up to 3 years.
In total, since 2019 and as of December 17, 2020, within the framework of the project, the GF provided 1609 loans to borrowers-milk producers for a total of 113.9 million KGS.
By the Order of the Government of the Kyrgyz Republic No. 148-p of May 23, 2019, the OJSC “Guarantee Fund” was designated as one of the participants – the implementing agency – of the International Development Association (WB) project “Integrated Dairy Productivity Improvement”.
Within the framework of the “Investments at the farm level” component, the GF accompanies the contracts of the Ministry of Finance with farmers – members of borrower groups, conducts household surveys, monitors compliance with the loan repayment schedule, works with bad borrowers and is responsible for repayment of loans provided.