Guarantee support of “Guarantee Fund” OJSC under the program “Financing of business entities”
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Supporting the economy in a pandemic.
In June 2020, the Government of the Kyrgyz Republic adopted the programme “Financing of business entities,” aimed at restoring and ensuring economic and social stability, supporting business entities in the context of the spread of coronavirus infection.
OJSC «Guarantee Fund» in the framework of this program from August 2020 provided guarantee support to entrepreneurs conducting business in priority business sectors.
In total, in 2020, 199 guarantees were approved for the amount of 174 million soms. The volume of approved loans amounted to 430 million soms.
OJSC “Guarantee Fund” thus contributed to the creation of new jobs, support for export-oriented enterprises, and ensuring the country’s food security.