JANUARY FEEDS THE YEAR

Guarantees for Business.

Either warm January is to blame, or entrepreneurs rolled up their sleeves early, but the fact is clear – in January 2020, OJSC “Guarantee Fund” approved 113 guarantees in amount of 45.3 million KGS. The volume of bank loans under guarantees amounted to 174.3 million KGS.

In total, as of January 31, 1715 guarantees were approved in amount of 1.721 billion KGS. Under the guarantees of OJSC “Guarantee Fund”, partner banks issued loans in amount of 5.831billion KGS.

If compared with the data a year ago, then, in January, for instance, 19 guarantees were approved in amount of 25.2 million KGS. Under these guarantees, partner banks approved loans in amount of 63.5 million KGS.

In total, as of January 31, 2019, OJSC “Guarantee Fund” approved 675 guarantees in amount of 780 million KGS. The volume of loans approved by partner banks amounted to 2.815 billion KGS.

Over the year, there was a dramatic success. The means that OJSC “Guarantee Fund” provided guarantee support to many entrepreneurs, helped them implement business projects, made it possible to purchase machinery and equipment, and replenish working capital.

During the Year of Regional Development, Digitalization of the Country and Child Support, OJSC “Guarantee Fund” will continue its creative activities.