Guarantees for SMEs.
The participation of our country in the Eurasian Economic Union (EAEU) has led to an increase in trade with other participating countries. Along with the positive aspects, there has been an increase in imports of agricultural products and their processed products. The President and the Government of the republic constantly aim financial and credit institutions to provide financial support to entrepreneurs doing business in export-oriented and import-substituting directions.
GF also contributes to the support of domestic exporters, to the development of priority sectors of the economy, to the strengthening of small and medium enterprises (SMEs), by providing guarantee support to SMEs in obtaining bank loans.
So, as of June 28, 2019, GF approved 881 guarantees in the amount of KGS 1.140 billion. The volume of loans of partner banks amounted to 3.905 billion KGS. Since the beginning of this year, entrepreneurs have been issued 225 guarantees in the amount of 385 million KGS. The amount of bank loans amounted to 1.152 billion KGS.
We also note that on June 28, 91% of the loan of the RKDF (100 million KGS) was disbursed. Entrepreneurs received 51 guarantees in the amount of 90.9 million KGS.