RKDF to provide additional 100 million soms to Guarantee Fund

Bishkek, Oct. 4, 2018. /Kabar/. The Kyrgyz-Russian Development Fund will provide additional 100 million soms to the Guarantee Fund OJSC. The obtained loan funds will be fully used for providing the guarantees to small and medium-sized businesses in regions that have promising projects, but do not have sufficient collateral for obtaining a loan.

Guarantees will be provided in key areas: agriculture and processing of agricultural products, light and manufacturing industries.

Earlier in March, the Development Fund had already provided 100 million to the Guarantee Fund OJSC, of ​​which, as of September 1, 2018, 43 guarantees were provided in the amount of 67,848 million soms, for which loans were issued in the total amount of 251.3 million soms.