OJSC “GF” MAKES A GREAT CONTRIBUTION TO EMPLOYMENT, MIGRATION AND POVERTY REDUCTION

OJSC “GF” – 3 years!

OJSC “Guarantee Fund” is 3 years old. It was established on June 23, 2016 by Order of the Government of the Kyrgyz Republic No. 288-p. The results of the activities of the GF over the past time have confirmed the timeliness and correctness of this step of the Government of the Kyrgyz Republic. The Fund has become a real Development Institute, demonstrating positive development dynamics, implementing programs to support small and medium-sized enterprises.

From the beginning of practical activities and as of June 23, 2019, the Guarantee Fund issued 868 guarantees in the amount of KGS 1.113 billion. The amount of loans approved by partner banks amounted to KGS 3,790 billion.

In the Year of Regional Development and Digitalization of the Country, announced by the President of the Kyrgyz Republic S. Jeenbekov, GF continues to provide support to entrepreneurs in districts and cities, thereby making a great contribution to ensuring employment, reducing migration and reducing poverty.