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Kyrgyzstan's Guarantee Fund continues providing support to local entrepreneurs

Finance Materials 2 September 2022 19:16
Baku, Azerbaijan Trend News Agency
Kyrgyzstan's Guarantee Fund continues providing support to local entrepreneurs

Kyrgyzstan's Guarantee Fund OJSC continues to actively support the entrepreneurship in all regions of the country, Trend reports citing the fund's press service.

The Guarantee Fund OJSC from January through July 2022 provided guarantee support in the amount of 869 million soms ($10.7 million), which allowed Kyrgyz entrepreneurs to receive loans in the amount of more than 3.2 billion soms ($39.6 million).

"We provide assistance mainly to agriculture, agricultural processing, export-oriented and import-substituting, trade, construction, and transport industry of Kyrgyzstan," the Guarantee Fund said.

Over the course of the activity, Guarantee Fund OJSC helped to provide Kyrgyz entrepreneurs access to credit resources in the amount of more than 15 billion soms ($185.8 million).

Notably, the Guarantee Fund was founded in 2016, the main goal of which is to provide access for small and medium-sized enterprises (SMEs) to financial resources and to develop a guarantee system and infrastructure support based on loan agreements.

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