JSC «Guarantee Fund» as a factor in support of Small Medium Business in Kyrgyzstan

Abstract

The activities of guarantee funds are aimed at stimulating the development of SMEs in terms of providing access to credit in the event of insufficient collateral. Ultimately, this has a positive effect on the economy as a whole, and solves many problems of the socio-economic development of the country and regions. As the practice of the JSC «Guarantee Fund» has shown, an increase in the number and amounts of guarantees, as well as loans under the scheme of attracting guarantee funds provided to priority clients - SMEs, provide an increase in production and services, the number of jobs, an increase in income and living standards of the population, receipts of tax and social payments.