Centerra Gold Comments on Kyrgyz Republic Developments.

Kumtor Gold Company has contributed 10 million soms in aid to support people hit by the conflict taking place on the border between Kyrgyzstan and Tajikistan.

Three microcredit agencies, ‘Jety-Oguz’, ‘Ton Finance’ and ‘Balykchy Finance’, opened with the support of Kumtor Gold Company, help develop the small and medium-sized business in Jety-Oguz, Ton and Balykchy of Issyk-Kul region. These financial institutions have been issuing loans at 12 percent per annum to support local SMEs and farming enterprises for already 15 years. Hundreds of entrepreneurs achieved success thanks to their support. Previously opened enterprises are picking up the pace, the new ones are well on the way to success.

Since 2020, the Public Fund “Insan Generation” has been implementing a project retraining workers of sewing industry and improving their working conditions in Ton and Jety-Ogus districts, Issyk-Kul province, with the support of Kumtor Gold Company. KGC contributed more than 8.2 million soms in financial aid for this project.