Kyrgyz model of guarantee funds started to be introduced in the Republic of Tajikistan

The chairman of the Management Board of OJSC “Guarantee Fund”, Malik Abakirov, received a letter from the Chairman of the Board of the National Association of Business Women of Tajikistan Gulbakhor Makhkamova and Executive Director Sanavbar Sharipova, with gratitude for participating in the First National Conference on Financial Inclusion in the Republic of Tajikistan.

As we have already reported, on August 15, the First National Conference on Financial Inclusion took place in Dushanbe, which was attended by Malik Abakirov. He, in particular, made a presentation on section “Financial Inclusion: Innovative Instruments for the development of Small and Medium Enterprises”, and on the topic of “Credit guarantee funds – the key to joint success of business and lending institutions”, during which he presented the activities of the two-level Kyrgyz model of guarantee funds.

As Malik Abakirov noted, one of the resolutions of this national conference proclaims the creation of guarantee funds in the Republic of Tajikistan.

The first guarantee fund of “Zamonat” PO is starting to function. Moreover, the basic model for the guarantee fund was the Kyrgyz model of guarantee funds, which has established itself as a successful financial institution and effectively assists entrepreneurs.