In Kyrgyzstan, nearly 1 billion soms have been allocated to support the sewing industry
According to him, funds are allocated through two state banks, and the total volume of financing has reached nearly 1 billion soms.
Priority in obtaining loans is given to companies that are officially registered, pay taxes, and operate in accordance with the law.
However, entrepreneurs working in the informal sector or lacking a complete set of documents may encounter problems when trying to obtain financing.
The minister also noted that difficulties arise for companies that present "zero" reports, as they do not have the necessary declarations and supporting documents.
Currently, work is being done with banks to address these issues, and meetings are scheduled in the coming days to develop appropriate solutions.
Bakyt Sydykov emphasizes that banks use depositors' funds, so the transparency and reliability of borrowers play a key role. The requirements for collateral remain in effect, but options for simplifying lending conditions within the framework of current legislation are being considered.
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