OJSC “GUARANTEE FUND” BY SUPPORING ENTREPRENEURS, CONTRIBUES TO REGIONAL DEVELOPMENT
- Posted by: test
- Category: Digest
The activities of OJSC “Guarantee Fund” have a great economic and social effect for the regions. Owing to the guarantees of OJSC “Guarantee Fund”, entrepreneurs develop and expand production, create jobs, and contribute to the development of regions, including increasing export potential.
As of August 2, 2019, OJSC “Guarantee Fund” approved 922 guarantees in the amount of 1.2 billion KGS. The amount of loans approved by partner banks amounted to 4.2 billion KGS.
Since the beginning of this year, 266 guarantees have been approved in the amount f 469 million KGS. The volume of loans amounted to 1.4 billion KGS.
On August 2.5% of the credit funds of the Russian-Kyrgyz Development Fund (the third loan in the amount of 100 million KGS) were disbursed: three guarantees were issued in the amount of 5 million KGS.
What is the role of export-oriented projects in the statistics on issuing guarantees by industry in the first half of the year?
Agriculture – 7 guarantees or 11%
Agricultural Production – 29 guarantees or 46%
Industry – 25 guarantees or 40 %
Trade – 2 guarantees or 3 %