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  • OJSC “GF” and “DAMU ENTREPRENEURSHIP DEVELOPMENT FUND” JSC SIGNED A MEMORANDUM ON COOPERATION

    OJSC “GF” and “DAMU ENTREPRENEURSHIP DEVELOPMENT FUND” JSC SIGNED A MEMORANDUM ON COOPERATION

    The international cooperation.

    On July 12, the Memorandum of Cooperation between the Guarantee Fund and the Damu Entrepreneurship Development Fund was signed. On the part of GF, the document was signed by Chairman of the Board Malik Abakirov, on the side of DAMU, Chairman of the Board Gaukhar Buribaeva.

    Under the Memorandum, financial institutions will jointly implement programs to support and develop entrepreneurship in Kyrgyzstan and Kazakhstan, train entrepreneurs, and support business processes related to export and import.

    According to Malik Abakirov, cooperation will allow the exchange of valuable practical experience, promote interesting projects, as well as inform entrepreneurs of the two countries about the existing business opportunities.

    It should be noted that the signing took place within the framework of the VIII Kyrgyz-Kazakh intergovernmental council, held on that day with the participation of the Prime Ministers of Kyrgyzstan – Muhammedkaliy Abylgaziev and Kazakhstan – Askar Mamin.

    As part of the official visit of Askar Mamin, in addition to the meeting of the Intergovernmental Council, bilateral meetings were held in a narrow and expanded composition. The parties discussed the development of trade and economic cooperation, water and energy development, cooperation in industrial cooperation, strengthening cultural and humanitarian ties, as well as cooperation in the areas of trade, investment, transport, culture, tourism, education, and signed a number of documents.

    This year, Kazakhstan’s President Kasym-Zhomart Tokaev is planning a visit to our republic. Therefore, the main goal of the next meeting of the Intergovernmental Council, according to Prime Minister M. Abylgaziev, was to find mutually acceptable solutions to all issues on the agenda, as well as to identify ways to enhance cooperation.

     

    GUARANTEED LOAN AMOUNT REACHED KGS 3.992 BILLION

    GUARANTEED LOAN AMOUNT REACHED KGS 3.992 BILLION

    Guarantees of your success.

    As of July 12, loan amounts approved by partner banks of OJSC “GF” reached KGS 3.992 billion. Soon it will be KGS 4 billion!

    Number of guarantees approved by OJSC “GF” exceeded 900 and reached 902 in the amount of KGS 1.169 billion.

    From the beginning of the current date 246 guarantees were approved in the amount of KGS 414.9 million. Partner banks approved loans amounting to KGS 1.24 billion.

    As of July 12, the RKDF loan was completely disbursed. 53 guarantees were issued in the amount of KGS 100 million 115 thousand.

    WE HAVE ISSUED 900 GUARANTEES!

    WE HAVE ISSUED 900 GUARANTEES!

    Support for entrepreneurs.

    As of July 12, 2019, GF approved 900 guarantees for a total amount of 1.164 billion KGS. Partner banks approved loans in the amount of 3.975 billion KGS.

    The amount of issued guarantees since the beginning of 2019 exceeded 400 million (!) And amounted to 409.2 million KGS. A total of 378 guarantees were issued. Under the guarantee of the fund, partner banks approved loans to entrepreneurs in the amount of 1.222 billion KGS.

    In order to expand the reach of regional entrepreneurs, GF in 2018 received twice a loan from RKDF  100 million KGS each. The first was successfully disbursed in the same year. The second is disbursed in 2019. As of July 12, 54 guarantees were issued to customers of the RKDF in the amount of 101 million KGS. Recently, a loan agreement has been signed between GF and RKDF to receive a third 100-million loan, the funds of which will also be provided for to the regions.

    President of the Kyrgyz Republic Sooronbai Jeenbekov once said: “We must and will help entrepreneurs raising regions, making a significant contribution to the development of the country’s economy. This is our state policy.”

    OJSC “GF” is the conductor of this policy, providing assistance to entrepreneurs of all regions in access to financial resources. As the statistics of the Fund’s activity show, assistance is characterized by a dynamic growth of indicators.