FINANCIAL ASPECTS OF SMALL AND MEDIUM - SIZED BUSINESS OPERATION IN THE REPUBLIC OF KAZAKHSTAN
The article deals with financial issues of small and medium - sized businesses in Kazakhstan on the way of business development. On the way of business development, entrepreneurs face financial barriers such as high interest rates for using credit, problems with collateral, unsatisfactory loan terms, and bureaucracy. The state uses various instruments of financial support for small and medium - sized businesses: lending to provide working capital using factoring; financing of franchise transactions; lending through microfinance organizations; speeding up the process of obtaining loans; subsidizing interest rates on loans; automating the process of obtaining guarantees on loans. The amount of financial support is unevenly distributed across regions, industries, and organizational and legal forms of small businesses. The positive aspects include preferential financing of small businesses in the production sector, and the negative ones include a small amount of financing for peasant (farm) farms.