News of the week
OJSC “Guarantee Fund” continues to support SMEs in the republic.
This year, as of October 7, 1,307 guarantees were approved in the amount of 591.2 million KGS. The volume of loans received by entrepreneurs under the guarantees of OJSC “GF” in partner banks amounted to 2.4 billion KGS.
In total, since the beginning of operations as of October 7, 2020, 2,909 guarantees have been approved for a total amount of 2.3 billion KGS. The amount of loans received under the guarantee amounted to 8.09 billion KGS.
As of October 7, 2020, 23 percent of the next loan from the RKDF, provided in the amount of 100 million KGS, was disbursed. 11 guarantees were issued to entrepreneurs in the amount of 22.8 million KGS.
Guarantees are provided to Kyrgyz entrepreneurs in cases of insufficient collateral when applying to commercial banks for loans. In addition to providing guarantees, OJSC “GF” provides consulting services, helps to draw up business plans.