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  • “Guarantee Fund” keeps providing guarantee support to entrepreneurs. The results of the efforts demonstrate good pace and growth indicators.

    In general, as of September 6, the fund approved 954 guarantees in the amount of 1.271 billion KGS. The volume of loans approved by partner banks summed to 4.323 billion KGS.

    Since the start of this year, 298 guarantees have been approved in the amount of 516.4 million KGS. The total of bank loans amounted to 1.570 billion KGS.

    Activity indicators as of August 31, 2019

    As of August 31, 2019, 949 guarantees were issued in the amount of 1.270 billion KGS. Partner banks, under the guarantees of the fund, issued 4.320 billion KGS in loans to entrepreneurs. Majority of the guarantees were received by clients of “Ayil Bank” – 423, “RSK Bank” – 124, “Bank of Asia” – 98, CB “Kyrgyzstan” – 88, “Halyk Bank” – 78, etc.

    Entrepreneurs engaged in agriculture received 379 guarantees, manufacturing – 96, agricultural processing – 67, tourism – 55, transport – 82, construction – 10, etc.

    Issuance of guarantees in the regional context: Batken region – 64 guarantees, Osh city – 37, Jalal-Abad – 81, Naryn region – 172, Osh region – 92, Talas region – 34, Chui region -155, Issyk-Kul region -88 guarantees.

    Since the inception of the activities of OJSC “Guarantee Fund”, entrepreneurs of the city-growth points have been issued 408 guarantees, including: Osh -37, Jalal-Abad-21, Kara-Suu – 16, Karakol – 26, Balykchi and Karabalta – 9 each, Kochkor and Batken – 7 each, Naryn – 13, Talas – 11, Tokmok – 6, etc. The total of guarantees amounted to 769 million KGS, the amount of received loans -2.819 billion KGS.

    There were 1943 new work places created, 8906 existing ones maintained.