Guarantee – SME support instrument.

From the beginning of its activities and as of April 18, 2019, the “GF” OJSC has approved 778 guarantees in the amount of KGS 952.2 million. The loans approved by partner banks amounted to KGS 3.340 billion.

Since the beginning of 2019, 122 guarantees have been approved for the amount of KGS 197.2 million. The amount of bank loans amounted to KGS 588 million.

The use by entrepreneurs of such an instrument as a guarantee contributes to the implementation of their business projects and thereby solving the socio-economic problems of local communities. Thanks to guarantees, new jobs are created and existing ones receive support. Among the recipients of guarantees are entrepreneurs in the industrial and agricultural sectors, including women entrepreneurs and exporting enterprises.

In total, for the first quarter, 90 guarantees were issued in the amount of KGS 135 million. The entrepreneurs of the Chui region, in particular, were issued 19 guarantees, Naryn – 15, Issyk-Kul – 11, Jalal-Abad – 10, Batken – 7, Osh – 4, Talas – 1 guarantee.

Guarantees were issued in agriculture – 40 guarantees, in processing of agricultural products – 2, in industry – 13, the rest in the sphere of tourism, transport, construction, trade and services.

The main stream of guarantees fell on “Aiyl Bank” – 37, “RSK” – 13, KICB and CB “Kyrgyzstan” – 10 guarantees each. The guarantees were also issued to customers of other partner banks of OJSC “GF”.

In the first quarter of 2019, thanks to the guarantees of OJSC “GF”, 117 new jobs were created and 653 active jobs were supported