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    Guarantees for entrepreneurs.

    In January, entrepreneurs demonstrated quite high activity despite the usual passivity at this time of the year. This month, 19 guarantees were approved in the amount of KGS 25.2. Under these guarantees, partner banks approved loans in the amount of KGS 63.5 million.

    In total, from 2016 and as of January 31, 2018, OJSC “GF” approved 675 guarantees in the amount of KGS 780 million. The volume of loans approved by partner banks amounted to KGS 2.815 billion.

    In the Year of Regional Development and Digitalization of the Country, extensive explanatory work is being conducted among regional entrepreneurs, as well as employees of local branches of partner banks on mechanisms for issuing loans under guarantees.


    In 2019, the activities of OJSC “GF” take place under the Year of Regional Development and Digitalization of the Country, declared by the President of the Kyrgyz Republic S. Jeenbekov. This means continuing the policy of supporting the regions, the goal is to improve the lives of villagers, develop small and medium enterprises, create new jobs, develop social infrastructure and solve local problems.

    Digitalization will ensure the availability, quality and transparency of public services in all regions. That will also have a beneficial effect on people’s lives, reduce bureaucracy, save time and money.

    From November 2016 and as of January 29, 2019, OJSC “Guarantee Fund” approved 674 guarantees for the amount of KGS 778.5 million. The amount of loans received by entrepreneurs in partner banks under the guarantees OJSC “GF” amounted to KGS 2.808 billion.

    From the beginning of 2019, 18 guarantees were approved in the amount of KGS 23.5 million. The volume of loans approved by banks under the guarantees of OJSC “GF” amounted to KGS 56.6 million.

    Within the framework of the disbursement of the RKDF second loan (KGS 100 million), 9 projects were supported by guarantees in the amount of KGS 17.7 million. In total for the current date 18 percent of the RKDF loan was disbursed.

    OJSC “GF” adopted OJSC “GF” Development Strategy for 2019-2023. Strategic programs are related to engineering, including the production of tractors. The program “One district – one enterprise” is being implemented in the regions, which is aimed at creating new industries and new activities in the existing enterprises. Currently 27 projects are being implemented.


    In January of this year, 7 guarantees were approved, of which one guarantee was obtained by the exporter, the second by a woman entrepreneur. The amount of guarantees amounted to KGS 5.6 million and the amount of loans approved by partner banks under guarantees was KGS 16 million.

    Since the beginning of its activities in November 2016 and as of January 18, 2019, OJSC “GF” has approved 663 guarantees totaling KGS 760 million. The partner banks approved loans under the guarantees in the amount of KGS 2.768 billion.

    The disbursement of the second one hundred millionth loan of the RKDF continues. Currently, 8 guarantees have been provided for a total amount of KGS 15.4 million, which is 15 percent of the loan amount.


    Results of 2018.

              As it is known, the Concept of Regional Policy of the Kyrgyz Republic for the period 2018-2022, adopted by the Government of the Kyrgyz Republic No. 194 of March 31, 2017, is being implemented in Kyrgyzstan.

              In the framework of this Concept, 20 pilot cities were selected as the growth points which should become economic centers – growth points in order to increase business activity of the population, develop regions, create conditions for the provision of quality public services.

             Today OJSC Guarantee Fund is actively working in all regions of Kyrgyzstan, including in the cities-growth points, providing guarantee support for entrepreneurs, helping them in implementing business projects, and contributing to the socio-economic development of local territories.

             According to the data for 2018, 201 guarantees for the total amount of KGS 301 million were issued to entrepreneurs of the growth points. Under these guarantees, they received loans in banks in the amount of KGS 1.17 billion. In general, if we take data starting from 2016, over the past years, 285 guarantees were issued at the indicated growth points in the amount of KGS 455 million. The volume of the obtained bank loans amounted to KGS 1.87 billion.

             The situation was the best in the capital. Here 103(161) guarantees were issued, in Osh – 20 (26), Jalal-Abad – 16 (17), Kara-Suu – 10 (13), Karakol – 12 (17).

             Among other active cities are Balykchi, Kochkor, Naryn, Talas, Batken, Kerben and Kara-Balta.

    In 2019 – the Year of Regional Development and Digitalization of the Country – the activities of regional representatives will also be focused on expanding the guarantee support for entrepreneurs in the growth points.

    Guarantees in the New Year

    New Year’s holidays are over, working days have begun. Entrepreneurs are already applying for loans for development. The first 5 guarantees of 2019 were approved in the amount of KGS 2.7 million, under which banks approved loans in the amount of KGS 10 million.

    In total, 661 guarantees were approved for this date in the amount of KGS 757.7 million. Partner banks approved loans under guarantees in the amount of KGS 2.762 billion.

    Thanks to the guarantee support, small and medium enterprises implement their business plans, strengthen their financial position, and create jobs. For example, last year, 1,225 new jobs were created and 5,887 existing ones were supported.

    Out of 656 guarantees issued in 2018, 262 are issued in agriculture, 62 in industry, 45 in the agricultural processing industry.

    The issuance of guarantees is carried out in partnership with 11 commercial banks of the republic, having in total more than 230 branches, and the RKDF. The largest number of guarantees was issued through the branches of Aiyl Bank – 323, Bank of Asia – 83, RSK Bank – 65, Halyk Bank – 60, etc.

    As for the amount of guarantees, then on this indicator also Aiyl Bank is ahead – KGS 281.44 million, followed by CB Kyrgyzstan – 99.13 million, Bank of Asia – 99.13 million, RSK Bank – 99.06.

    Aiyl Bank became the leader in terms of loan amount – KGS 825.81 million, RSK Bank – KGS 574.27 million, Halyk Bank – KGS 368.96 million, and CB Kyrgyzstan – KGS 349.89 million. Indicators of other banks are lower comparing to these leaders.