On March 25, “Guarantee Fund” provided the first guarantee under the new product “Yldam” for 1.06 million KGS. The Fund reports.

The guarantee allowed an entrepreneur from Jalal-Abad region to get a loan of 4 million KGS in “Bank of Asia” to expand his business in the field of transportation services.

As specified in the GF, the product “Yldam” is focused on increasing the availability of financing for small and medium-sized businesses. It provides for accelerated registration of guarantees and effective distribution of credit risks between banks and guarantee institute.

The Guarantee Fund emphasizes that the launch of Yldam is an important step towards digitalization and optimization of procedures for providing guarantee support, which in the future will significantly reduce the time required to review applications and simplify interaction with partner banks.