News of the week.

We have already written about the good rate of use of guarantees by our entrepreneurs in November and early December. The second decade of December confirms that the rates are still growing.

As of December 15, the amount of loans issued by partner banks of OJSC “Guarantee Fund” for the entire period of activity exceeded 9 billion KGS and amounted to 9.014 billion KGS. And as of December 16, the amount of loans has already amounted to 9.033 billion KGS. Since the beginning of its activity, OJSC “GF” has issued 3,318 guarantees in the amount of 2.57 billion KGS.

In 2020, the amount of guarantees exceeded the threshold of 900 million and amounted to 900.4 million KGS. In total, this year OJSC “GF” has approved 1,716 guarantees. The bank loans amounted to 3.37 billion KGS.

Business projects of our entrepreneurs

In December, entrepreneurs from all regions and industries, as can be seen from the figures, did not reduce their activity, they developed and implemented various business projects. The guarantees of OJSC “GF” supported loans for the implementation of a project for the reconstruction of a bathhouse in the Jalal-Abad region, the purchase of cattle and feed in the Naryn region, the purchase of equipment for processing meat in the Osh region, the purchase of a truck, cattle, sheep, maintenance and repair cars in the Talas region, the purchase of dairy cows, horses, sheep and yaks in the Issyk-Kul region, the purchase of fixed assets for the mining industry, the purchase of materials for textile production in the Chui region.

In Bishkek, guarantee support was provided to an entrepreneur to obtain a loan for the construction of an industrial base and storage facilities for furniture production.

Also, guaranteed loans were received by entrepreneurs for trade, replenishment of working capital, refinancing of loans and leasing.