Russian-Kyrgyz Development Fund provided $ 21 million to entrepreneurs.
The Russian-Kyrgyz Development Fund (RKDF) in 2018 increased by 14-15 percent the volume of financing for agriculture, processing of agricultural products and animal products in the regions. It is reported by the press service of the fund.
Regional centers have been established in all regions to provide advice to local entrepreneurs. RKDF has provided 200 million soms to the Guarantee Fund OJSC for solving problems with collateral in the regions.
In addition, in April, the fund lowered the threshold amount of funding in the framework of "direct financing" from $ 1 million to $ 300 thousand. Thus, regional businessmen gained greater access to financing through the RKDF.
Last year, all the regions (except Bishkek) received $ 17 million, according to the results of 10 months of 2018, the amount exceeded $ 21 million. In the sphere of small and medium business, more than 600 projects have been financed, more than 500 of them are in the sphere of production and processing of agricultural products.
