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  • HOW THE WORLD BANK PROJECT IS BEING IMPLEMENTED IN THE DAIRY SECTOR

    HOW THE WORLD BANK PROJECT IS BEING IMPLEMENTED IN THE DAIRY SECTOR

    OJSC “Guarantee Fund” together with the Ministry of Finance of the Kyrgyz Republic participates in the implementation of the World Bank project “Integrated increase of dairy sector productivity in the Issyk-Kul region.” As part of this project, OJSC “Guarantee Fund” has been conducting farm surveys since 2019 for compliance with the selection criteria for financing by the Ministry of Finance.

    As a result, from the beginning of the project and as of April 15, 2021, the Ministry of Finance provided loans to 1880 farmers from the Tyup, Ak-Sui, Jeti-Oguz, Issyk-Kul and Ton regions in the amount of 138.3 million soms. Since the beginning of this year,  202 loans for the amount 18.8 million soms have been granted on this date.

    Recently, employees of OJSC “Guarantee Fund” have been conducting surveys of farms in the Tonsky district. The Ministry of Finance has already provided 29  loans for the amount 2.9 million soms to residents of the village of Kol-Tor. Now at the stage of studying and considering 50 applications from residents of the village of Ak-Sai.

    BUSINESS GUARANTEE SUPPORT

    BUSINESS GUARANTEE SUPPORT

    In the first quarter of 2021, OJSC “Guarantee Fund” issued 223 guarantees in the amount of 277,646 soms. These figures are higher than the same period in 2020, when 87 guarantees were issued in the amount of 108,425 soms.

    Business projects of entrepreneurs of almost all regions, leading business in the sectors of agriculture, processing of agricultural products and other areas of the economy received guarantee support.