THE MECHANISM FOR PROVIDING GUARANTEES TO ENTREPRENEURS

Workshops for bankers.

On July 15-16, 2019, the specialists of the Guarantee Fund held seminars for employees of a number of partner banks. Abai Bakirov, manager of the sector for medium enterprises, gave a lecture to the employees of Aiyl Bank, CB Kyrgyzstan, and FINCA Bank, and Saparbek uulu Altynbek, manager of the sector for small enterprises of the Guarantee and Product Development Department, held a lecture at Halyk Bank Kyrgyzstan.

The purpose of the seminars was to clarify the mechanisms for providing guarantees to entrepreneurs. In the practice of interaction between GF, the need periodically arises for holding such seminars due to the fact that the Fund is introducing new guarantee products or the loan specialists of partner banks are changing.

Since the provision of guarantees is a process in which three parties participate – a bank, a client, and a guarantee fund, it is very important that the mechanism for using this financial instrument works properly, applications are reviewed without delay, and the deadlines for approving loans and guarantees are observed.

The specialists of OJSC “GF” also acquainted bank employees with the nominations of the action announced by the Fund to stimulate loan specialists of partner banks. In the autumn of this year, the results of the action will be summed up, according to the results of which prizes will be received by bank experts who issued more loans under guarantees in monetary and quantitative terms, taking into account the regions.