Now entrepreneurs in the regions can get a guarantee for a loan over 1 million soms.

In November 2021 the Management Board of OJSC “Guarantee Fund” decided to increase the approval limits for the provision of guarantees for representatives of SMEs in the regions to receive loans in the amount of up to 1,5 million soms.

This decision was made in order to reduce the time for consideration of entrepreneurs’ applications for the provision of guarantees and to increase the effectiveness of support provided to small and medium-sized businesses in the regions as a whole.

Previously, the approval limit was limited, which to a certain extent hindered access to financial resources for entrepreneurs with plans and business projects requiring the investment of credit funds in the amount of more than 1 million soms.

It should be noted that, as before, the Guarantee Fund OJSC provides guarantees to entrepreneurs in the regions as a matter of priority.

For the entire period of the Guarantee Fund’s activity, 84% of the guarantees were aimed at supporting small and medium-sized businesses in the regions of the country.