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  • THE GUARANTEE FUND ASSISTS IN THE PROJECT IMPLEMENTATION AND JOB CREATION

    THE GUARANTEE FUND ASSISTS IN THE PROJECT IMPLEMENTATION AND JOB CREATION

    Guarantee support

    OJSC “Guarantee Fund” continues to successfully support SMEs of the republic. At the same time, special attention is paid to entrepreneurs representing the regions of the republic and whose activities play an important role in the socio-economic development of the regions.

    Guarantees were provided in all regions of Kyrgyzstan. In 2020, as of October 31, 1066 guarantees were provided to entrepreneurs in the Issyk-Kul region (taking into account guarantees within the framework of the World Bank project), in the Batken region 18 entrepreneurs received guarantee support, in the Jalal-Abad region – 63, in the Naryn region – 104, in the Osh region – 55, in the Talas region – 43, in the Chui region – 42, in Osh – 13, in Bishkek – 39.

    Most of the guarantees were provided to entrepreneurs engaged in the agricultural sector – 72% of guarantees, trade – 11%, in the manufacturing – 5%, the rest in processing, transport services and other industries.

    The partner banks with the highest indicators today are Aiyl Bank – 657 loans guaranteed by the GF, RSK Bank – 267, CB Kyrgyzstan – 168, Bank of Asia – 122, Halyk Bank – 134 and so on. In total, 15 banks are involved in providing loans under guarantees, including RKDF.

    Also, as of October 31, 2020, thanks to the support of the Fund, about 3,000 jobs were created, about 14 thousand existing ones were supported.

    In total, since the beginning of its activities and as of November 30, 2020, OJSC “GF” has provided 3,127 guarantees amounting to almost 2.5 billion KGS, and the amount of loans received by entrepreneurs under guarantees amounted to almost 8.9 billion KGS.