As it is known, one of the issues that prevent the full and progressive development of SMEs in the Kyrgyz Republic is the low level of the knowledge of entrepreneurs in the field of business organization, planning, financial issues, business risks and marketing and also lack of awareness of various instruments of financing entrepreneurial initiatives and possibilities of their use. The presence of such issues does not contribute to the successful development of regional entrepreneurs.
OJSC “Guarantee Fund” (Guarantee Fund), the purpose of which is precisely to promote the entrepreneurship development, has identified consulting support to entrepreneurs as one of the priorities of its activities. What does Guarantee Fund today offer in the framework of consulting and information services? These are consultations on obtaining guarantees, preparation of business plans, raising funds (using various tools – lending, leasing, attracting direct investments, etc.), assistance in establishing enterprises or opening new directions in already existing enterprises.
Guarantee Fund provides consulting services free of charge.
In total, since the beginning of 2019, Guarantee Fund (including Bishkek and regional representative offices) provided consulting services to over 50 legal entities and individual entrepreneurs, five of them developed business plans on a contractual basis.
During consultations entrepreneurs are provided with the necessary information, specific recommendations and, if necessary, a business plan is developed. Agricultural, processing and industrial enterprises in the regions of the Kyrgyz Republic and their growth and stable development contribute to the creation of new jobs and the maintenance of existing ones.