OJSC “GF” ACCOUNT RECEIVED FIRST KGS 100 MILLION OUT OF KGS 300 MILLION GRANTED BY THE GOVERNMENT OF THE KR FOR THE FUND’S AUTHORIZED CAPITAL INCREASE
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OJSC “GF” account received first KGS 100 million out of KGS 300 million granted by the Government of the KR for the Fund’s authorized capital increase.
The authorized capital increase, according to the Order of the Government of the KR of June 25, 2018, No. 217-b, will contribute to the efficiency enhancement of the activities of Open Joint Stock Company “Guarantee Fund”, which in the Year of Regional Development intends to expand the coverage of rural entrepreneurs with guarantees, while providing substantial support to small and medium-sized enterprises, including women entrepreneurs, through business process trainings, consulting and business plan development.
OJSC “GF” will also participate in industrial development of the KR.