GUARANTEES: SOCIO-ECONOMIC EFFECT

Support of Regions.

The results of the activities of OJSC “Guarantee Fund” for 2019 and previous years, show an increase in quantitative and qualitative indicators, confirming the correctness of the chosen strategy of activity with emphasis on supporting regional entrepreneurs.

From the beginning of activities and as of December 31, 2019, OJSC “Guarantee Fund” approved 1602 guarantees in amount of 1 676 million KGS, the volume of loans issued by partner banks amounted to 5 658 million KGS.

Of the total number of guarantees in agriculture, for instance, 925 were provided, 74 – in processing sector, 114 – in manufacturing.

If we consider a regional context, then entrepreneurs in Issyk-Kul region received 546 guarantees, Naryn -210, Chui – 189, Osh -138, Jalal-Abad – 94, Batken – 78, Talas – 47, Osh city – 49, Bishkek -251.

Due to guarantee support of entrepreneurs, a total of 2413 new jobs were created in the republic, 10 462 existing jobs were supported.