OJSC “GUARANTEE FUND” ISSUED TO ENTREPRENEURS OVER THREE THOUSAND GUARANTEES

Entrepreneurship support

From the beginning of its activity and as of November 4, the OJSC “Guarantee Fund” issued 3,056 guarantees to entrepreneurs of the republic. At the end of October, guarantees stopped at around 2976 and 3000 was already close. But we did not expect that within literally a few days there will be a surge in the activity of our entrepreneurs and this height will be passed.

This is the result of the well-coordinated work of the OJSC “GF” and partner banks. Thus, the statistics confirm the high demand for the guarantee support from business. Problems with collateral are experienced by many entrepreneurs who develop promising, cost-effective business projects. And the help of OJSC “GF” is very useful.

Guarantees amounted to 2.42 billion KGS, the loan amount exceeded 8.6 billion.

In 2020, the rate of use of guarantees is also high. The number of guarantees is approaching one and a half thousand and amounted to 1454. The amount of guarantees is 747 million, the amount of loans under guarantees – more than 2.9 billion.

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The disbursement of the RKDF loan continues. As of November 4, 15 guarantees were issued for the implementation of projects of regional entrepreneurs in the amount of 40.8 million KGS, which is 41% of the loan amount.