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Summary of the Non-bank Microfinance Development Trends in Russia /2003-2004/ | |
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PublishedMoscow, 2006
AuthorsProduced by the Russain SME Resource Centre jointly with the Russian Microfinance Centre
AnnotationThis paper is based on the second round of annual monitoring of Russia's microfinance market, using the same methodology as the first round. The paper provides comprehensive information on the current market situation, operators, structural and quantitative parameters which are key to designing effective policies to promote and monitor microfinance programs and to identify potential areas for investment.In addition, the paper provides a case-by-case analysis of key microfinance providers and to build their profiles.The findings of annual sample-based surveys of microfinance institutions demonstrate a progressive growth of this market segment. This method of debt financing is increasingly common in Russia, gradually becoming a part of the country’s finance system, complementing conventional banking and providing access to loans for those businesses and consumers who do not meet banks' requirements. The overall growth of microfinance operations is estimated to be 1.3 – 1.8-fold between 2003 and 2004. Credit cooperatives were the fastest growing type of MFIs in 2004. In 2004, alongside the growth of operations, MFI performance improved, making microfinance providers even more efficient and financially sustainable. Full Russian Version
IndexSummary Key Findings What is Microfinance: Background Information A Typology of Microfinance Providers The Geography of the Russian Microfinance Target Customers of the Russian MFIs The Range of Microfinance Services Provided by Russian MFIs Loan Information Russian Non-Bank MFIs’ Loan Portfolio MFI Borrower Base Reference: Loan Sizes and Number Access to Microfinance Loan Security Minimum and Maximum Loan Size Cost of Microfinance Taking Savings: Amounts and Conditions Volume of Savings Operations Terms and Conditions for Savings and Deposits Savings and a Source of MFI Liabilities Loan Portfolio Quality Profitability |
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Doc ID4793
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