23238 Cash Advance

The first type of risk related to a single borrower 23238 cash advance and is associated with a voluntary waiver of the debt of the client, the collapse of the business and so forth. In determining the lending rate takes into account a variety of factors: – the cost of borrowed funds for the bank (deposits and loans); – The reliability of the borrower and the degree of risk associated with the loan; – The costs of registration and control over the repayment of the loan; – Nature of the relationship between lender and borrower, and others.

The essential terms of the transaction include the loan amount, timing and purpose of the loan and other conditions. It is also necessary to complete the formation of a sufficient regulatory framework of functioning of microfinance institutions in the form of regulations the Ministry of Finance USA and UK. At first glance, the high level of interest rates on loans granted contrary to the stated aims of microfinance – the fight against poverty and the promotion of entrepreneurship. Basel Committee on Banking Supervision also draws attention to the fact that the regulatory capital of the MFI can dramatically decrease as a result 23238 cash advance of non-performing loans and loan losses.

The source of funds for future placement in the credit market may be the funds received as an attachment to the capital from the founders (participants, shareholders) of the legal entity carrying out microfinance activities, or borrowed from third parties on the basis of civil law contracts, primarily the loan agreement . As can be seen, in the first half of 2011 the weighted average annual interest rate on the loans decreased from 19.

In addition, the bank has the specificity of micro-credit, depending on the borrower: microcredits for small and medium enterprises (SMEs) and micro-credit consumer. However, many SMEs are still not fully spend turnover on the current account, thereby reducing the credit limit. Unlike traditional microcredit loans require greater reliance on training of credit analysis in the field, as well as more frequent monitoring and knowledge of the situation of the borrower, especially if the loan is extinguished weekly or twice a month.

Further evolution of microfinance enrich the content risks. In the best case, the control unit operates the credit risk (at the level of individual 23238 cash advance loans). Thus, in the ranking of commercial bank organizations with average loan term does not exceed six months should get the score maximum. Thus, the purpose of the work – the development of analytical problems creating enabling financial and economic tools of the Information Society on the example of microfinance and the ways of their implementation.

In connection with the adoption of the Law on microfinance and microfinance organizations, the pace of development of microfinance in the USA and UK began to take 23238 cash advance a 1-652-787-6381 pronounced positive trend. At the same time it proposed to abandon the limitation of risk concentrations by sector and geographical terms because of the specific business of microfinance. In the practice of microfinance institutions operating in the countries of Southeast Asia, a popular concept used Indian bank for the poor Grameen Bank <1>, where the method of collective responsibility, ie, loans are a single borrower, and instructed him “cell” consisting of several people, is also engaged in the Microfinance organizations or are calculated on the loan. In our opinion, the introduction of the legal entity in the state register 23238 cash advance 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.

Note also that the relatively high interest rates on microcredit are compensated simplified procedures for obtaining loans, which to some extent reduces the “non-monetary” component of their cost to the borrower. Presumably this should be the head of the organization, the chief accountant, cashier and at least one operating officer; – Availability of current debt on loans (outstanding loan portfolio) in the amount of 10 million usd for organizations established by regional bodies of executive power, at least 5 million usd – for organizations established by local governments, as well as consumer cooperatives and associations, non-bank deposit and credit institutions, non-profit partnerships, autonomous non-profit organizations, foundations and business organizations; – The existence of a positive audit (audit) conclusion (for organizations with an active loan portfolio – more than 30 million usd); – Experience of lending to SMEs – at least a year, except for funds to support (support agency) of small and medium-sized businesses and business organizations, one of 23238 cash advance the founders of which is a credit institution or a non-bank deposit-credit organization, one of the founders of which is the executive body government or local authority; – The existence of the program (provision of the Rules, order) micro SMEs, as well as the methodology for assessing their creditworthiness; – Lack of arrears in the payment of taxes and duties to the budgets of the budgetary system of the Russian Federation; – Providing justification targeted use and timely repayment of the loan granted in cash and the interest on them; – Ensure the provision of a loan of 100\% of their commitments in terms of return actually received the loan amount and interest. This type is characteristic of the medium- and long-term loans; 3) held by the bank at the time of issuance of the loan. At the same time, if the clients of microfinance organizations to become aware of the many cases of non-repayment of loans, they may find that as a result the possibility of obtaining new loans fall sharply, and therefore refuse to repay previously issued loans.


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