GUARANTEES: ON THE TRAJECTORY OF CONSTANT GROWTH
- Posted by: test
- Category: Digest
As of August 14, 2019, OJSC “Guarantee Fund” approved 932 guarantees for a total amount of 1.243 billion KGS. Under the guarantees of OJSC “Guarantee Fund”, partner banks approved loans in the amount of 4.223 billion KGS.
Since the inception of this year, 276 guarantees have been approved in the amount of 488 million KGS. Partner banks approved the issuance of loans to entrepreneurs in the amount of 1.471 billion KGS. These indicators demonstrate that there is a trajectory of constant and steady growth
Up to this date, 5 percent of the third loan of the Russian-Kyrgyz Development Fund (100 million KGS) was used, aimed at supporting regional entrepreneurs. Guarantees were received by 3 companies – clients of the fund – in the amount of 5.3 million KGS.
A reminder of services that OJSC “Guarantee Fund” provides:
- Consulting and information services for entrepreneurs;
- Assistance in the development of business plans;
- Conducting seminars for bank employees on guarantee mechanisms;
- Participating in enterprise management.
The program of OJSC “Guarantee Fund” “One Region –One Enterprise” is also being implemented. Currently, 40 projects of entrepreneurs from regions and cities of the republic, including export-oriented ones, have received guarantee support.
The essence of the program is to create new enterprises or new directions in existing industries.