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Guarantee fund issues guarantees for 63.2 million soms

From the beginning of work and until May 31, 2017, the Guarantee Fund issued guarantees to entrepreneurs for obtaining loans for 63.2 million soms, the press service of the organization reported.

It is noted that all subjects of small and medium business with the help of provided security received loans from partner banks for 243 million soms. Thus, entrepreneurs, engaged in agriculture, were provided with 26 guarantees for 11.9 million soms. This allowed them to get loans for 34.9 million soms.

To support entrepreneurs in the sphere of production, 8 guarantees were provided for 19.6 million soms. In total, they received loans for 117.2 million soms. The funds will be spent to purchase sewing equipment and raw materials.

In addition, 15 guarantees for 20 million soms were provided for the maintenance of the trade infrastructure. Thanks to this, banks issued loans for entrepreneurs in the sphere of trade at 59.2 million soms. For the same infrastructure purposes in the sphere of tourism, 4 guarantees were provided for 5.6 million soms, with the sum of loans of 14.8 million soms.

At the same time, the net profit of Guarantee Fund JSC for the past five months amounted to 6.5 million soms.