1. НАПРЯМКИ ВДОСКОНАЛЕННЯ КРЕДИТНОГО ЗАБЕЗПЕЧЕННЯ РОЗВИТКУ ПІДПРИЄМНИЦЬКОЇ ДІЯЛЬНОСТІ В УКРАЇНІ
- Author
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Балацька, Анастасія
- Abstract
The paper deals with the role and importance of bank credit in the financial support for the development of small and medium-sized enterprises. The main problems of bank lending to business entitie are revealed. The motivational relationships of small and medium-sized enterprises and banks are described in terms of production need, financial capacity and economic feasibility in their credit relations. The role of state support in establishing market relations between small businesses and banks is emphasized. Much attention is paid to the internal problems of small business that impede their lending process by banks. The paper is focused on consumer and partner interaction between banks and small and medium-sized enterprises. The role of banks and local authorities in stimulating innovation and investment activity of small business is defined. The directions of stimulation of small business micro-crediting and the role of microfinance organizations in the financial support of small and medium-sized enterprises under crisis and post-crisis conditions are outlined. Due to the fact that in Ukraine micro-credit is developing only in two directions (in cooperation with international financial institutions by domestic banking and granting micro-credits to small businesses with reimbursement of interest share in the framework of commercial banks cooperation with local authorities at the regional level, therefore the combination of banks and non-banking microfinancial organizations into two-level micro-lending system is the most successful mechanisms. It is evident that the most important task for such mechanism implementation is legislative support of microfinance institutions operation and their activity within their rights and duties, making it possible to develop uniform standards of microcredit procedure regulations. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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