The OJSC “Guarantiyniy Fond” [“The guarantee fund”] was set up by an Executive Order of the Government of the Kyrgyz Republic of June 23, 2016.
The OJSC “Guarantiyniy Fond” [“The guarantee fund”] provides assistance to businessmen representing small and medium enterprises by means of providing additional collateral. The Fund increases the accessibility of loans by becoming security under the guarantee provided by the bank, if the client lacks means for providing collateral.
The Credit Information Users Association
FINCA has been a partner of the Credit Information Users Association since beginning of its establishing in 2003. The Credit Information Users Association is the first credit information bureau in the CIS countries which started to publish credit reports. The mission of the Credit Information Users Association is to develop reliable database of credit histories to enhance trust and improve financial abilities of the participants of economic relations.
Association of Microfinancial Institutions
Association of Microfinancial Institutions was established in 2005 by FINCA’s initiative. Association unites efforts of the microfinancial and other institutions on increasing of degree of accessibility of credit resources for the legal and physical persons of the Kyrgyz Republic, reduction of credit risk, achieving of realization of joint projects and protection of interests of the crediting organizations in a process of microfinancing.
International Business Council
Since 2004, FINCA is a member of the International Business Council. The International Business Council (IBC) is the biggest business-association of Kyrgyzstan established in December 2000. Goal of the International Business Center is to promote development of economy. The Association unites over 140 companies; it actively supports process of economic reforms and creates favorable conditions for business.
Union of Banks of Kyrgyzstan
It is a voluntary association of the commercial banks, financial-crediting institutions, where FINCA is a member. The Union of Banks drafts, discusses an initiates the regulatory-legal acts, makes proposals on them, conducts expertise of draft laws, interacts with their authors; provides organizational, informational-analytical, methodological, legal support to the members of the Union of Banks.
American Chamber of Commerce
In 2005, FINCA became a member of AmCham (The American Chamber of Commerce), which provides information on prospective business projects to potential investors and supports Kyrgyz good and service producers and distributors to find partners among successfully developing companies and businessmen from USA and other foreign countries and CIS.
The Chamber of Commerce and Industry of the Kyrgyz Republic
Since 2016, FINCA Bank is a member of the Chamber of Commerce and Industry of the Kyrgyz Republic. The Chamber of Commerce and Industry of the Kyrgyz Republic is a member of the International Council of the Chambers of Commerce and Industry and Economic Chambers of the CIS countries, Baltic States, Eastern and Central Europe, a member of the Islamic Chamber of Commerce and Industry and a member of the Chamber of Commerce and Industry of the ECO.
The Chamber has long-term cooperation agreements with the Chambers of more than 50 countries.