Abstract
Purpose of the research – The research aims to analyze the current state of the lending market for small and medium-sized enterprises (SMEs), with a focus on the microfinance segment, and to identify the strategies banks employ to strengthen and expand their relationships with this sector. This study explores key trends in SME lending and microcredit, along with the critical factors that affect SMEs' access to financial resources. Methodology – The research was conducted using economic and statistical analysis methods, graphical analysis, as well as descriptive and synthesis techniques. Data sources included official statistics from the First Credit Bureau, World Bank reports, analytical reviews from consulting firms and financial institutions, and academic studies by both Kazakhstani and international scholars. Additionally, materials from scientific and industry conferences were reviewed to enrich the analysis. Originality / value – The authors conducted an in-depth analysis of the corporate lending market and examined innovative approaches for creating new business models tailored to the SME segment, with a particular focus on microfinance. Emphasis is placed on modern solutions such as digital transformation and ecosystem models, which enhance access to financial resources and foster sustainable, long-term growth for SMEs. Findings – Drawing on a comprehensive analysis of the current state of Kazakhstan’s SME microfinance market, the authors have identified key development trends and offered projections for its future growth trajectory.