Bishkek, May 13, 2020. /Kabar/. Guarantee Fund OJSC continues to implement two cluster projects, Chairman of the Board of the Fund Malik Abakirov said a news briefing.
According to him, a World Bank’s “Integrated Dairy Productivity Improvement Project in Issyk-Kul region” project has been implemented since last year. Under the project, farmers can use the funds to purchase cows and by selling milk to pay off the loan.
"In total, loans have been issued to 913 farmers for KGS 65 million, and they provide an additional 12 to 15 tons of milk daily to dairy enterprises," Abakirov said.
The chairman of the Fund’s Board noted that as of Apr. 30, 2020 under the One District - One Enterprise program guarantee support has been provided to 48 projects worth KGS 172 million, the volume of loans under guarantees amounted to KGS 534 million.
The Guarantee Fund OJSC is aimed at providing access to financing for small and medium-sized enterprises (SMEs) in case of insufficient collateral throughout the Kyrgyz Republic.
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