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5\% per month in just the last few years. In the II quarter 100 day unsecured loans of 2011 continued the positive dynamics of almost all the main financial indicators of non-bank microfinance institutions, suggesting the formation of the trend in the long-term development and, possibly, a new period of growth strong. In practice, the delay in repayment arise from non-compliance with policies and procedures, so the internal control is important for microfinance institutions, including the availability of internal adequate audit. However, almost all the loan programs for microfinance institutions presuppose own contribution agencies of borrowers, and to resort to the use of client funds.

The list of activities available to the Russian microfinance institutions, in comparison with foreign countries is wide quite. This problem is, on the one hand, with low investment activity of subjects that are potential suppliers of funds for microfinance, and on the other hand, some legal restrictions on the involvement of actors funds microfinance. The lack of conditions for such implementation leads to the underutilization of the country’s artistic and human resources, which is categorically unacceptable in terms of effective demand backlog USA and UK from more developed countries, and in the face of rising global competition.

Laws 100 day unsecured loans protecting the rights of consumers usually involve non-prudential regulations, including mandatory disclosure of the total cost of credit (loan); clearly defined procedures to resolve conflicts; customer training to prevent abuse by the creditor, as well as public awareness of the population about the level of interest rates, which is considered average for the market, and some – usury. Thus, the aim is to get the lender income interest. Radical measures to promote high standards of doing business in institutions microfinance. The loan is a certain kind of social relations connected with the movement of the value in cash.

In particular, the joint report by Morgan Stanley IAMFI and contains a number of recommendations for such companies: – the improvement of the loan documentation with the introduction of the standard conditions and indicators; – Attracting competent legal advisor to ensure the eligibility of credit agreements; – The use of the mechanism of the benchmarks of temporary exceptions, the violation of which means the right for lenders Microfinance organizations to apply measures to reduce exposure to risk; – Creation in microfinance institutions 1-482-528-0427 special services for work with problem loans apart 100 day unsecured loans from the issuance of loans. According to international practice, for the organization of micro-credit programs in the bank can be used three approaches: 1) direct bank micro-credit; 2) separating the micro-credit program in a specially created subsidiary bank; 3) “wholesale” bank lending existing microfinance institutions.

Thus, the aim is to get the lender interest income. In addition, foreign small and medium enterprises to attract external funding is also used credit cards issued on the name of the company – a legal entity, and the name of the individual – the business owner. Accordingly, for risk management to adhere to the following steps: – identification, assessment and prioritization of risks; – Development of strategies and policies for risk measurement; – Development of policies and procedures to mitigate risks; – Identification and appointment of responsible persons; – Testing the effectiveness and evaluation; – Reviewing policies and procedures if necessary.

IIB, as well as the method of assessment using the poverty line of $ 1. Conversely, if the funding requirements will be met by a loan is not fully, there may be difficulties in the activity of enterprises, such as lack of funds 100 day unsecured loans for the purchase of necessary materials, which leads to slowing reproduction processes. Banks are increasingly implementing microfinance programs, both directly and through the mediation of non-bank microfinance institutions, concluding with them agreements on cooperation and partnership. This approach corresponds to the so-called American model in which the state establishes the criteria of small business and provides direct lending and support to enterprises that meet criteria these.

But, in our view, consumer microcredit bank requires its own special regulation by the state. The data submitted by the borrower, the inspector compares the information received from the relevant bank. Among MICROFINANCE INSTITUTIONS widespread so-called loans group., JSC, another for additional agreement with the bank; – Experience in the core business – at least six months; – Lack of arrears to the budget and extrabudgetary funds; – Lack of arrears to banks and other credit institutions; – Registration of the borrower’s business, as well as business owners (SP) based on the location MICROFINANCE INSTITUTIONS; – Availability of appropriate licensing documents (licenses, permits to engage in trade), if the activity is subject to licensing.

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