1 Payday

In our opinion, 1 payday the introduction of the legal entity in the state register of microfinance organizations will stimulate the activity of organizations engaged in microfinance activities by selecting them from the total range of organizations that produce and loan-lending operations.322 trillion usd, and by the end of 2008 the total portfolio of issued loans to SMEs totaled 2.

These include, in particular, include a ban 1 payday on raising funds in the form of loans from third-party individuals who are not shareholders (participants) or qualified creditors of microfinance institutions. But the problem of lending to small and medium-sized businesses is the lack of enterprises of this sector to ensure sufficient. Terms of lending microfinance institutions. Under current law the credit agreement is required to be concluded 1 payday in writing, otherwise it will be invalidated.

This approach is also being implemented in the USA and UK: so Vnesheconombank through its subsidiary SME Bank (the former Russian Bank for Development) provides loans to commercial banks (so-called agent banks), credit cooperatives of the second level, microfinance organizations to implement their programs of microfinance for small businesses . Implementation period for the 1 payday 1-652-151-3806 borrower 1 payday – is a guarantee of the loan. Third, to consider worst-case scenario in the economy, allowing the simultaneous increase in delinquencies in most sectors or to other components of the portfolio loan.

All these concessions to borrowers actually turned excessive risks for banks. Overall, in 2010 the volume of loans granted to small and medium-sized businesses, 60\% more than in 1 payday 2009, while the loan portfolio grew by 21.

For organizations engaged in microfinance activities, the status of which is determined by special laws include credit institutions, credit cooperatives, pawnshops. The borrower is not the owner of capital borrowed by, it is only a owner temporary.

Were there enough high bank balances customer? In order to combat the growing risk would be 1 payday appropriate to strengthen control regulatory. A similar approach is used by credit institutions, credit risk is divided into two categories: credit risk of individual transactions and portfolio risk.

Along with the accumulation of resources will accumulate and risk potential of the microfinance sector, which in future may lead to the need to revise the basic regulatory principles. The credit line is provided on an open account bank.


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