OJSC “GUARANTEE FUND” AND “TAKAFFUL” INSURANCE COMPANY HAVE SIGNED A MEMORANDUM ON THE USE OF THE KYRGYZ MODEL OF GUARANTEE FUNDS IN THE REPUBLIC OF TAJIKISTAN
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The memorandum on the use of the Kyrgyz model of guarantee funds in the Republic of Tajikistan was signed by the Chairman of the Management Board of OJSC “Guarantee Fund”, Malik Abakirov, and the Deputy CEO of “Takafful” Insurance Company, Farrukh Ergashev, on November 21, 2019.
Farrukh Ergashev visited Bishkek to study the Kyrgyz model of guarantee funds and the activities of OJSC “Guarantee Fund” to support entrepreneurs of the Republic of Tajikistan in obtaining a loan with a lack of collateral. “Takafful” in cooperation with its banks wants to introduce guarantees and insurance for Tajik entrepreneurs.
Farrukh Ergashev noted that “Takafful” also wants to adopt the experience of OJSC “Guarantee Fund” in providing guarantees in regions, and introduce the Kyrgyz model of guarantee fund in Khujand city, Tajikistan.
It is worth to note that this is the second time, when an organization wants to apply the Kyrgyz model of guarantee funds in Tajikistan. In Tajikistan, entrepreneurs need guarantees in business development and the National Bank of Tajikistan supports this initiative.
We remind that the Open Society Institute (Soros Foundation, Republic of Tajikistan), allocated 290 thousand USD as the authorized capital for providing guarantees for entrepreneurs.