On April 6, a video conference was held with the participation of Malik Abakirov, Chairman of the Management Board of OJSC “Guarantee Fund”, and representatives of the State Fund for Supporting Entrepreneurial Activities and the Enterprise Development Agency of the Republic of Uzbekistan. The event took place on the initiative and with the assistance of the representative of the Asian Development Bank in Uzbekistan Priyanka Sood.
Abboshon Mahamatov, executive director of the foundation, Azizbek Saxonov, Burkhon Normirzaev and Kudrat Rajapov, heads of departments, as well as a number of representatives of the Enterprise Development Agency took part in the event from the Uzbek side.
They showed great interest in the activities of OJSC “Guarantee Fund”, the experience of introducing such a financial tool to support entrepreneurs as guarantees, the conditions and mechanisms for providing guarantees, and guarantee products.
Chairman of the Management Board of OJSC “Guarantee Fund” Malik Abakirov made a presentation on the topic “Guarantee Fund as a tool for the development of SMEs” and described in detail the history of the implementation of the guarantee system in Kyrgyzstan, the creation of OJSC “Guarantee Fund,” the company’s achievements and prospects, the Kyrgyz model of guarantee funds, now successfully used in neighboring Tajikistan.
On April 5, 2021, the head of the strategic development department of OJSC “Guarantee Fund”, candidate of economic sciences Abdil Tashirov gave a guest lecture for students and teachers of the Institute of Economics and Management of KSU named after I. Arabaev. He gave a lecture on “The guarantee fund as a tool for the development of SMEs.”
All those present at the lectures were interested in getting acquainted with the practical results of the implementation of the guarantee system in Kyrgyzstan. Abdil Tashirov spoke about the history of the creation of the fund, the main stages of the development of the guarantee system, the formation of the OJSC “Guarantee Fund”, noting the important role it plays in supporting entrepreneurship and the economy as a whole.
Teachers and senior students were attended. The total number of participants was more than 30 people.
At the end of the lectures, a traditional exchange of views took place, students asked their questions and received detailed answers from the lecturer.
As part of Global Money Week.
On March 24-25, 2021, as part of the “Global Money Week” celebrated in the country, lectures were held at the Kyrgyz National and Kyrgyz Economic Universities on the topic “Guarantee Fund as an Instrument for the Development of Small and Medium-sized Enterprises.” The lecturer was the head of the Strategic Development Department of OJSC Guarantee Fund, candidate of economic sciences Abdil Tashirov.
Teachers and senior students were present. The total number of participants was more than 120 people.
Abdil Tashirov told students about the history of creating the fund, the achieved indicators for guarantee support of entrepreneurship. He noted the significant contribution of OJSC «Guarantee Fund» to the dynamic and sustainable development of the country’s economy. Thanks to guarantees, entrepreneurs who conduct business in priority sectors – agriculture, agricultural processing, industrial production – were able to get the necessary amounts of loans and successfully implement business projects, create jobs, produce products, including for export.
Then a traditional exchange of views took place, students asked their questions and received detailed answers from the lecturer. Abdil Tashirov handed souvenirs with the symbols of OJSC «Guarantee Fund» to the most active students.
At the end of the lectures, the head of the Department of Banking and Insurance of the Kyrgyz Economic University Gulnaz Abdukadyrova, as well as the deputy dean of the Kyrgyz National University Zhyldiz Koichieva, expressed gratitude on behalf of teachers and students to Abdil Tashirov for an introductory lecture on the OJSC Guarantee Fund, which is introducing a new financial instrument to support entrepreneurship – guarantees.
At the reception of the President of the Kyrgyz Republic.
On March 24, President of the Kyrgyz Republic Sadyr Zhaparov received Chairman of the Board of «Ayyl Bank» OJSC Ulan Bukabayev, «RSK Bank» OJSC Azizbek Omorkulov and «Guarantee Fund» OJSC Malik Abakirov.
The head of state was informed about the volume of financing of projects and the issuance of preferential loans for 2020 and the priority plans of financial institutions for 2021.
The heads of financial institutions of the country said, that most of the financing came from projects in the field of agriculture, processing and industrial filed.
Sadyr Zhaparov noted, that most of the loans and guarantees should be directed to projects in the regions of the country to support export-oriented enterprises and cluster projects. Special attention should be focused to the sectors of the real sector of the economy.
President Sadyr Zhaparov noted the special importance of accelerating the development of the financial market and its digitalization process, simplifying procedures for obtaining financial services for citizens and entrepreneurs, expanding digital banking services as part of the implementation of the Decree “On Measures for Further Development of the Financial Market” dated February 8, 2021.
The first month of spring is in the yard, and winter, as we see, does not give up. However, preparations for spring field work have begun and are actively under way in Kyrgyzstan. And OJSC «Guarantee Fund» continues to provide guarantee support to entrepreneurs doing business in agriculture, processing agricultural products and other priority sectors of the economy.
This year, as of March 15, OJSC «Guarantee Fund» approved 314 guarantees in the amount of 224 million soms. At the same time, the amount of loans approved by partner banks amounted to 785.3 million soms.
Since the beginning of its activity 3781 guarantees have been approved for the amount of 2,922 million soms. The volume of approved loans under the guarantees of OJSC «Guarantee Fund» amounted to 10,174 million soms.
Within the framework of the special program of OJSC «Guarantee Fund» to support entrepreneurs in the pandemic, 381 guarantees in the amount of 336.6 million were approved. Banks are participating in the program approved loans in the total amount of 423.2 million soms, of which 271.2 million soms were guaranteed by OJSC “Guarantee Fund”.