LACK OF COLLATERAL? APPLY FOR GUARANTEE!
- Posted by: Admin
- Category: Digest
OJSC “Guarantee Fund” assists entrepreneurs in the implementation of business plans, providing them with guarantees for obtaining bank loans in case of lack of collateral. All work is carried out in accordance with the approved Development Strategy of the OJSC “GF” for 2019-2023. In 2019, the activities of the OJSC “GF” take place under the Year of Regional Development and Digitalization of the country, declared by the President of the Kyrgyz Republic S. Jeenbekov.
In total, as of May 23, 2019, the OJSC “GF” approved 831 guarantees in the total amount of KGS 1.022 billion. Partner banks approved guaranteed loans in the amount of KGS 3.534 billion.
From the beginning of 2019 to date, 175 guarantees were approved in the amount of KGS 267.4 million. The amount of bank loans reached KGS 782.1 million.
As of May 23, 59% of the RKDF loan was fully disbursed. The guarantees amounting to KGS 59.2 million were issued to 38 projects of regional entrepreneurs. This RKDF loan has a targeted character – support for regional entrepreneurs. By the way, this is the second loan obtained from the RKDF. The first loan was also obtained in the amount of KGS 100 million and successfully disbursed in 2018.