Cooperation agreement between OJSC “Guarantee Fund” and OJSC “Aiyl Bank”.

On December 27, 2016 Cooperation agreement was concluded between OJSC “Guarantee Fund” and OJSC “Aiyl Bank”. Chairman of the Board of OJSC “Guarantee Fund” emphasized successful work of OJSC “Aiyl Bank”, which is a leader of the banking system of the Kyrgyz Republic in the field of loans for agriculture and leasing as well as active participant of the project of the Kyrgyz Republic “Financing agriculture”.

OJSC “Guarantee Fund” and OJSC “Aiyl Bank” agreed to focus attention on support for:

  • processing of agricultural products;
  • export- and import-oriented enterprises
  • women’s entrepreneurship

Cooperation between OJSC “Guarantee Fund” and OJSC “Aiyl Bank” will open new loan market development prospects in the country; will strengthen SMEs positions and will contribute to the growth of economic indicators of the Kyrgyz Republic.

OJSC “Guarantee Fund”, represented by Deputy Chairman of the Board A. Kozhobaev, visited Jalal-Abad and Osh regions. During the business trip a number of meetings were held with business-community, managers of Regional Guarantee Funds, branch managers of partner banks of the Fund. The first guarantee recipient, who leads business in Jalal-Abad region, was awarded with certificate of OJSC “Guarantee Fund”.

Business community optimistically accepted the news about opening of OJSC “Guarantee Fund”, noted necessity and request for guarantees and expressed their hope for extension of number of partner banks of the Fund, focusing attention on cooperation with OJSC “Aiyl Bank” as the leader of loan market in agriculture and livestock raising. All requests of entrepreneurs were considered and the Fund carries

Out its active work on practical implementation.

OJSC “Guarantee Fund” will systematically hold business trips to all regions of the country in order to inform entrepreneurs about services of the Fund and for information collection from entrepreneurs about their problems and request for SME infrastructure improvement. These meetings will allow to build maximally effective work on SME support in the Kyrgyz Republic.