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Now you can take out a loan from the Hungarian-Kyrgyz Fund without collateral

Published

11/04/2025, 10:24

Now you can take out a loan from the Hungarian-Kyrgyz Fund without collateral

OJSC Guarantee Fund and the Hungarian-Kyrgyz Development Fund have signed a cooperation agreement that should simplify access to financing for entrepreneurs. Companies will now be able to obtain loans guaranteed by the fund even if they lack collateral, which is often the main barrier for small and medium-sized businesses.

The document was signed by Malik-Aydar Abakirov, Chairman of the Board of the Guarantee Fund, and Ulan Sarbanov, Chairman of the Board of the Hungarian-Kyrgyz Development Fund. According to them, this partnership will open up new opportunities for companies working in export areas and import substitution projects.

Today, the Guarantee Fund's partner network includes 28 organizations — banks, microfinance institutions, and international development funds, including the Russian-Kyrgyz, Uzbek-Kyrgyz, Azerbaijani-Kyrgyz, and now the Hungarian-Kyrgyz funds.

 

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