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It is important to credit small business. Most of small enterprises had to limit their activity because of lack or inaccessibility of credits. Thus, now the weakened business cannot carry out its functions, which is create new workplaces, form middle class, develop trade and production, and which is effective especially in sphere of agriculture, tourism, rendering of services to the population, etc. Therefore, financing and investing support is the most important for effective development of small business.
Finance and investing support for small business can be realized in the following ways:
Crediting by second tier banks priority projects by tender system on the preferential conditions;
Creating and development of guarantee credit system in a second tier banks, on a basis of forming pledge funds in regions;
Promotion of stimulation of second tier banks;
Continuation of budget and second tier banks financing of projects;
Development of venture financing;
Encouragement of credit partnerships creation, mutual insurance societies (Finansirovanie I kreditovaniye subyektov malogo biznesa, 2001).
Summary.
Thus, we can see, that it is very important to develop investing and financial support of small business in Kazakhstan. Small business needs money to expand their business, buy equipment, employ more workers, that is why the key in developing small business is investment in it.
References.
Finansirovanie I kreditovaniye subyektov malogo biznesa, 2001 http://business.zakon.kz/fincredit/,
Law of Republic of Kazakhstan from 19 July 1997 N 131-1 O gosudarstvennoi poddershke malogo predprinimatelstva (with amendments to this law in 10.07.98 № 283-1; in 26.07.99 № 458-1; in 29.11.99 № 488-1).
Goals for receiving a loan.
There are many goals pursued by entrepreneur when he is asking for credit, but not for all purposes it is given. For example, EBRR gives credit for increase in working capital, investments like purchase of real estate, etc. (Krediti dlya malogo biznesa EBRR , 2001), Kazkomertzbank offer credit for increasing turnover, increasing working capital for further growth, expansion of production or volume of services, purchase of machinery, equipment, row materials, improvement of manufacture, purchase, construction and maintenance of real estate, and other capital investments (Kreditovaniye, 2001).
In our survey, we conducted an interview with chief accountant of “Oasis” company. This firm was organized in 1997 and busy in selling wholesale trade of medicines, the authorized capital was formed from personal savings, and number of employees is equal to 12. This company took a credit from Centercredit Bank in year 2000. They took a credit in Centercredit Bank because firstly, they have served in this bank and secondly, there was program on supporting small business, which were conducted by EBRR. The goal of receiving a credit was increasing turnover. With this credit, the company gained 30% income - they made 3 contracts on the total amount of $19,000. Thus, the company got profit from receiving a credit (Sahauyeva, 2001).
Summary.
Thus, we can conclude, that there are many reasons for the enterprises to give an application to the bank in order to receive a credit, and one of the main reason is investing, i.e. buying an equipment, building. However, banks give credit mainly in order to increase turnover. In our case, the company took credit exactly for this purposes (increasing turnover), and gained a profit.
References.
Krediti dlya malogo biznesa EBRR, 2001 http://www.fund.kz/ebrr_c.html
Kreditovaniye, 2001 http://www.kkb.kz/banking_re/sber/service/06_credit.asp
Sahauyeva Zhanar, 2001, interview
Terms for receiving a loan.
A. Necessary documents
There are several documents, which are required in order to receive a credit, they are:
Application
Constituent documents
Registration certificate
Statistical card
Confirmation of RNN by RNI
Borrower form and chiefs biographical data
Financial reporting for the past 3 years
Contracts
Cards with a sample of signs
Documents establishing right for an object of pledge
Certificate about number of employee with chief’s and accountant’s signs with seal
Marketable securities prospectus
Marketable securities registration certificate
Реферат опубликован: 20/01/2008