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Russian-Kyrgyz Development Fund to support entrepreneurs in regions

The Russian-Kyrgyz Development Fund is ready to support entrepreneurs in the regions. The Chairman of the Board of the fund Erkin Asrandiev told today at a press conference.

According to him, business and economy need preferential resources today. The government is assisted by two state-owned banks — RSK Bank and Aiyl Bank, as well as RKDF and the Guarantee Fund. The capitalization of banks should be increased so that they could increase assistance to the population. RKDF is ready to acquire a share in the authorized capital of RSK Bank. In addition, RKDF launches two competitions: Regions — Points of Growth and Equity Stake in Capital.

Chairman of the Board of the Guarantee Fund, Malik Abakirov, added that the system of supporting small and medium-sized businesses was successfully implemented in Kyrgyzstan. Export-oriented enterprises are entering foreign markets with the help of guarantees and credits. It is planned to issue guarantees for 450-470 million soms in 2018 due to the increase in the authorized capital. Banks-partners will issue loans for 1.8 billion soms.

Guarantees are issued in partnership with 11 commercial banks.