According to Sabyt Aibalaev, a financial consultant at the Entrepreneurship Support Center of the JIA business association, a problem has arisen with the availability of funds under 6% subsidized loans in the regions. He emphasized that even after an application is submitted, the process of gathering the required documentation can take time, during which the financing may already run out.
Problems with documentation and review timelines
The consultant noted that because of delays in preparing documents, for example certificates, their validity periods may expire, forcing entrepreneurs to go through the paperwork process again and spend a great deal of time.
- Funds under 6% subsidized loans are exhausted faster than documents can be collected
- The validity of some documents (certificates) expires during the application process
- The optimal review period for an application, according to the expert, should be up to three months
Who the problem affects
According to the expert, the greatest interest in subsidized loans comes from entrepreneurs in the regions, who often seek such funds to address issues related to launching production facilities.
Context
Sabyt Aibalaev is a financial consultant at the Entrepreneurship Support Center of the JIA business association.
