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  • MEETINGS OF THE MANAGEMENT WITH OJSC “GF” AND REPRESENTATIVES OF THE ADB WITH ENTREPRENEURS OF OSH REGION

    Business trip.

    On July 17, 2019, Malik Abakirov, Chairman of the Board of OJSC “GF” and the ADB representatives Murat Jadraliev, an employee of the ADB headquarters in Manila, and Aliman Temirbek, an employee of the ADB Permanent Mission in the Kyrgyz Republic, made a business trip to Osh, where they visited the enterprises, which received guarantees of OJSC “GF”.

    IP “Kabilova Zh.T.”

    The guests made their first visit to the sewing enterprise of Zhamilakhon Kabilova, one of the first recipients of guarantees of OJSC “GF”. Zh. Kabilova says “Guarantee Fund” helped me to get the necessary amount of financing, which allowed me to fully realize the planned project. Otherwise, we would have to look for additional sources of financing or withdraw funds from the business.”

    The sewing enterprise PE “Kabilova Zh.T.” has been operating for more than a year, has constant suppliers and consumers. Turnovers are growing, production volumes are increasing, and the range of products is expanding. When Jamilakhon Tursunovna needed another loan, she again applied for assistance to OJSC GF and received guarantee support.

    LLC “El-Plast”

    The next company is the recipient of the guarantee of OJSC “GF” – LLC “El-Plast”. The main activity of the enterprise is associated with the production and sale of polyethylene pipes and plastic products, all products are certified. The company needed a guarantee to obtain a loan for the purchase of a production line that allowed it to produce pipes of all sizes, the purchase of special equipment and other equipment. In addition, the owner of the enterprise Meder Satybaldiev bought the leased land, and then built a production workshop here at his own expense.

    Raw materials suppliers are firms from Tashkent and Bishkek. The main buyers are local municipal and construction companies, including Oshgorvodokanal, LLC Zholzhosh-Kurulush, LLC HydroTechStroy, LLC South-Stroyservis, etc.

    The company’s products are in great demand in the south of the republic. Therefore, factory workers do not experience problems with the implementation.

    Visitors were satisfied with the visit to the enterprises, because the appearance of the operating, successful enterprise makes it clear that the provided guarantee support was not in vain, but it really turned into a matter.

    WHAT TO DO IF YOU HAVE INSUFFICIENT COLLATERAL TO OBTAIN A LOAN

    WHAT TO DO IF YOU HAVE INSUFFICIENT COLLATERAL TO OBTAIN A LOAN

    Female entrepreneurship.

    The government will support women’s entrepreneurship in the republic and plans state support programs. The Prime Minister of the Kyrgyz Republic M. Abylgaziev spoke about this at the National Conference “Female Entrepreneurship”, held on July 11 in Bishkek.

    To involve women in entrepreneurship, to increase their economic opportunities – such a task is facing the government, financial and credit institutions, including OJSC “Guarantee Fund”.

    An active role in the access of women entrepreneurs to financial resources will be played by the Guarantee Fund, since the issue of insufficiency of collateral is relevant for many entrepreneurs, especially in the regions. Today, almost a third of guarantees are issued to women entrepreneurs. Prime Minister M. Abylgaziev noted that the possibility of increasing the proportion of women who receive guarantees is up to 40% is being considered.

    Within the framework of the state program, large financial institutions will be recommended to develop preferential long-term loan products or adapt existing ones for women entrepreneurs. In addition, the challenge is training to improve financial literacy.

    Commenting on the results of the National Conference to the Economist newspaper, Deputy Prime Minister of the Kyrgyz Republic A. Omurbekova said that “four main financial structures are involved in the issue of financial support for women’s entrepreneurship – Aiyl Bank, RSK Bank, RKDF and Guarantee Fund”, which should remove one of the most acute problems associated with collateral. “