The Guarantee Fund provided 7.2 thousand guarantees within the framework of emergency support to businesses

The implementation of the project “Emergency Support to Micro, Small and Medium Enterprises” continues in Kyrgyzstan. Within the framework of its key component - “Portfolio Risk Sharing Mechanism” (PRSM) - the Guarantee Fund issued 7 thousand 208 portfolio guarantees for 2.4 billion KGS.

These guarantees helped entrepreneurs to obtain loans for more than 5.5 billion KGS, opening access to financing even for those who lacked collateral.

The project is implemented by the Ministry of Finance jointly with the World Bank, and the Guarantee Fund acts as an agent providing guarantee support to businesses. To date, the fund has signed agreements with eight partner banks, making lending more accessible.

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