OJSC “GUARANTEE FUND” ISSUES GUARANTIES AND CONDUCTS CONSULTATIONS
- Posted by: test
- Category: Digest
As of July 29, 2019, OJSC “Guarantee Fund” have approved 916 guarantees for a total amount of 1.2 billion KGS. With the guarantees of OJSC “Guarantee Fund”, Partner Banks have approved loans in total of 4.1 billion KGS.
Since the beginning of the year, as of July 29, 260 guarantees have been approved in the amount of 454.7 million KGS. The volume of the loans for entrepreneurs amounted to 1.4 billion KGS.
To this date, OJSC “Guarantee Fund” has contributed 13 percent of the third loan of the Russian-Kyrgyz Development Fund (100 million KGS), four guarantees were issued in the amount of 13 million KGS.
OJSC “Guarantee Fund” also provides advisory services, holds training seminars for regional entrepreneurs and bank employees on guarantee mechanisms, and assists in the development of business plans.