Guarantee Fund helps Kyrgyz business obtain loans for more than 32 billion som

17.09.2024

During its operation, the Guarantee Fund provided the business with collateral in the amount of over 10.2 billion som. This is reported by its press service.

In the first eight months of 2024 alone, the fund provided entrepreneurs with 2,312 guarantees worth 2.22 billion som. This allowed the business to receive loans from the bank for 6.16 billion.

"In the future, Guarantee Fund plans to continue to increase indicators in terms of the number and amount of guarantees issued, as well as in terms of loans issued under guarantee support," the fund emphasises.

Since 2016, when the fund provided entrepreneurs with the first guarantees for 900 thousand som, it has constantly increased the volume of support provided to businesses. In total, during this time, he provided guarantees for more than 10 billion 230.9 million som, which provided entrepreneurs with access to financing from commercial banks for 32.4 billion.

In total, over the years, the Guarantee Fund has provided 10 thousand 786 guarantees.

Reported by Akchabar (Kyrgyzstan).