OJSC “Guarantee Fund” informs that on November 27, 2020, a deposit auction will be held as part of the Program “Increasing the access for SMEs to financing in order to mitigate the consequences of coronavirus infection COVID-19”, with the following parameters:
Auction method: Multiple bid method.
Auction date: November 27, 2020.
Auction code: АД 2003.
The volume of deposit resources: 531,500,000 (Five hundred thirty one million five hundred thousand) KGS.
The maximum nominal loan interest rate for the ultimate beneficiary: 10% (Ten) percent per annum.
Minimum volume of one application: 20,000,000 (twenty million) KGS.
Maximum volume of one application: 200,000,000 (Two hundred million) KGS.
The limit for placing funds in one commercial bank, taking into account previously opened deposits: 640,000,000 (Six hundred and forty million) KGS.
Additional information on a deposit auction is published on the official website of OJSC “Guarantee Fund” www.gf.kg (to Loan Organizations/Deposit Auction).
November turned out to be fruitful for OJSC “Guarantee Fund” in terms of providing guarantees to entrepreneurs experiencing problems with collateral security. As of November 23, 2020, the amount of guarantees approved by OJSC “GF” amounted to 790 million KGS. A total of 1506 guarantees were issued. The volume of loans approved by partner banks reached 3 billion 119 million KGS.
From the beginning of the activity to the current date, 3108 guarantees were issued for the amount of 2 billion 465 million KGS. The amount of loans received by entrepreneurs, partially secured by guarantees of OJSC “GF”, amounted to 8 billion 777 million KGS.
The disbursement of the RKDF loan received by OJSC “GF” in the amount of 100 million KGS continues. For projects of regional entrepreneurs, 16 guarantees were provided in the amount of 43.4 million KGS, which is 43% of the loan amount issued.
We also remind you that in addition to providing guarantees, employees of OJSC “GF” provide free consultations, assist in drawing up business plans (on a contractual basis). Among the services provided by OJSC “GF” – participation in the management of enterprises, financial management, corporate governance implementation.
You can get all the information you need on our website www.gf.kg.