EMPLOYEES OF OJSC “GUARANTEE FUND” CONTINUE SURVEYS OF FARMERS OF TYUP AND JETI-OGUZ DISTRICTS
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World Bank Project.
OJSC “Guarantee Fund”, as a participant in the implementation of the World Bank Project “Integrated Dairy Productivity Improvement”, conducts a survey of farm households in Issyk-Kul region, and arranges loans.
This time, the specialist of Guarantee and Product Development Department of OJSC “Guarantee Fund”, Sanjar Akmatov, visited Zhyluu-Bulak village, Tyup district, An-Oston and Ak-Dobo village of Jeti-Oguz district, where 81 households, in total, were examined.
As we previously reported, OJSC “Guarantee Fund” participates in process of selection of applicants, conducts farm surveys and ensures the execution of loan agreements with farmers – members of borrower groups.
When examining farms, attention is drawn to absence of debt on loans, the availability of land with an area of no more than five hectares, the presence of cattle, no more than 3. Borrowers must also make their own contribution in 10% of the loan amount. It is important to keep up with the following proportions:
- At least 45% of direct beneficiaries should be women;
- At least 10% of direct beneficiaries should be young adults (18-29 y.o.)
Loans are interest-free, issued in amount of up to 1200 USD per person (84 thousand KGS), and for a period of 10 months to 3 years.