Russian-Kyrgyz Development Fund launches program to finance start-up projects in regions

Bishkek, Aug.13, 2019. /Kabar/. In order to implement regional development measures, the Russian-Kyrgyz Development Fund is launching a pilot program to finance start-up projects for small businesses in all regions of the country (except Bishkek), the press service of the Fund reported.
This project is being implemented jointly with partner banks. At the same time, the Guarantee Fund OJSC will provide guarantees to entrepreneurs whose startup projects to be selected for financing.
The program is calculated for all those who plan to start a business and is aimed at the acquisition of fixed assets (modernization, overhaul) in priority sectors of the economy, such as processing of agricultural products, clothing and textile industry, manufacturing and processing industry, tourism, IT technology.
The program includes a three-day consultation courses for all regions. For each region, groups of up to 20 trainees will be formed.
The purpose of the consultations is to assist in the development and completion of a specific business plan.
Following the results of the consultations, the corresponding certificate will be issued, and successfully developed business plans to be proposed for consideration of partner banks.