Impact of leasing transactions on business development in Kyrgyzstan

The purpose of this study was to determine how leasing transactions contribute to business modernisation in Kyrgyzstan. The study used survey methods and semi-structured interviews with company representatives, followed by statistical analysis of the collected data to determine changes in productivity, operating costs, and investment payback period. In particular, the results showed that 90% of the surveyed agricultural enterprises reported a 25-30% increase in productivity after using leasing to purchase machinery, which was confirmed by analysing data on the reduction of repair and maintenance costs for old equipment. In transport logistics, 85% of the companies indicated a reduction in operating costs and improvement of logistics processes due to fleet renewal through leasing programmes, which also contributed to an increase in the customer base by 15-20%. In the construction sector, the use of leasing allowed 82% of companies to reduce project completion time by 20-25%, which was due to the acquisition of new construction equipment through leasing, which can accelerate the performance of work and improve the quality of projects. In the manufacturing sector, 70% of companies reported a positive impact of leasing on their production capacity, but a longer payback period was identified, which requires the development of specialised leasing programmes with more flexible terms for industrial enterprises. The results of the study confirmed the important role of leasing as a financial instrument for the modernisation of enterprises in Kyrgyzstan, but also reveal the need to improve the access of small enterprises to leasing programmes and adapt the conditions for sectors with a long investment cycle, such as manufacturing