GUARANTEE AMOUNT REACHED ALMOST KGS 1 BILLION AND GUARANTEED LOANS AMOUNTED TO ALMOST KGS 3.5 BILLION!

Guarantees for SME.

Today OJSC “GF” performs an important socio-economic task, providing real support to small and medium enterprises (SMEs) in Kyrgyzstan, assisting them in implementing business plans, increasing employment, payments and taxes to the budget, and developing infrastructure.

All work is carried out in accordance with the approved Development Strategy of OJSC “GF” for 2019-2023. In 2019, activities of GF take place under the Year of Regional Development and Digitalization of the Country, declared by the President of the Kyrgyz Republic S. Jeenbekov.

From November 2016 and as of May 7, 2019, OJSC “Guarantee Fund” approved 810 guarantees in the amount of KGS 997.8 million. The guaranteed loan amount approved by partner banks reached KGS 3.463 billion.

From the beginning of 2019, 154 guarantees were approved in the amount of KGS 242.7 million. The guaranteed loans amounted to KGS 711 million.

OJSC “Guarantee Fund” demonstrates confident and progressive development. With each month, the number of recipients of financial guarantees is growing, an average of 20-30 requests from entrepreneurs arrive in a month. Including guarantees are provided to support women’s entrepreneurship, enterprises of export and import directions.

As it is known, OJSC “GF” issues guarantee in cooperation with 11 commercial partner banks. Together, these banks have over 230 branches in all regions of Kyrgyzstan.

Expanding the access of entrepreneurs to guarantees leads to an increase in production as a whole and to the further development of SMEs, which are the mainstay of the economy.