Dosmagambet, Yergali; Oskenbayev, Yessengali; … - 2018
, banks have become more reluctant to lend funds to SMEs. The government's use of a credit guarantee scheme (CGS) relies on … the willingness of second-tier banks to lend to SMEs, since they decide which SMEs to lend to and the effective interest … economic development, particularly concentrating on the diversification and expansion of the SME sector. Second-tier banks …