ON GUARANTEES OF OJSC “Guarantee Fund”, ISSUED UNDER THE PROJECT “FINANCING OF AGRICULTURE”

Support for agriculture

Recently we published information from the Ministry of Finance on lending to entrepreneurs under the project “Financing of Agriculture” (FoA), starting in 2013. We would like to note that OJSC “Guarantee Fund” also participated in the implementation of this project, providing guarantees for obtaining full amounts of loans.

As part of the annual financing for the “FoA” project in 2017-2020, 255 entrepreneurs received guarantee support for a total amount of  266.6 million soms.

Regions

In terms of regions the largest number of guarantees of OJSC “Guarantee Fund” in 2017-2020 within the framework of the “FoA” project were provided to entrepreneurs of the Naryn region – 88. Then there are Chuyskaya – 55, Osh region – 33 guarantees and further in descending order. In monetary terms more guarantees were issued in the Chui region – 103.3 million soms, Jalal-Abad – 40, Osh – 39.3 million soms, etc.

As for the amount of loans received under the guarantees of OJSC “Guarantee Fund”, the largest volume for 2017-2020 noted in the Chui region – 325.3 million soms,  then goes Jalal-Abad – 144, Osh – 133, Naryn region – 87.9 million soms, etc.

Banks

Aiyl Bank issued the most loans under guarantees for the specified period – 164 (the amount of guarantees – 166.9 million, the amount of loans – 556.2 million), in second place “RSK Bank” – 80 (the amount of guarantees – 81.8 million, the amount of loans – 231 million soms).

Loans under the guarantees of  OJSC “Guarantee Fund” under the FoA program were also issued by the banks “Bakay Bank”, “KICB”, KB “Kyrgyzstan”, “Halyk Bank”.