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Guarantee Fund helps Kyrgyz entrepreneurs to get access to loans

Kyrgyzstan Materials 30 September 2022 15:58 (UTC +04:00)
Guarantee Fund helps Kyrgyz entrepreneurs to get access to loans
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, September 30. Kyrgyzstan's Guarantee Fund OJSC continues to actively support local entrepreneurs with access to loans, Trend reports citing the fund's press service.

From the beginning of 2022 to the present day, the Guarantee Fund provided guarantee support in the amount of 904 million soms ($11.2 million), which allowed Kyrgyz entrepreneurs to receive loans in the amount of almost 3.5 billion soms ($43.6 million).

Currently, the fund is providing assistance mainly to agriculture, agricultural processing, export-oriented and import-substituting, trade, construction, and transport industry of Kyrgyzstan.

Meanwhile, 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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