Finance and Credit

Methodological approaches to the assessment of provision of Russian regions with microfinance services

Vol. 24, Iss. 6, JUNE 2018

Received: 10 May 2018

Received in revised form: 24 May 2018

Accepted: 7 June 2018

Available online: 30 June 2018

Subject Heading: Financial system

JEL Classification: G20, G21, G23

Pages: 1323—1338

Lapina E.N. Stavropol State Agrarian University, Stavropol, Russian Federation

Satsuk T.P. Emperor Alexander I St. Petersburg State Transport University, St. Petersburg, Russian Federation

Importance The article deals with microfinance as a factor of economic growth and with assessment to provision of microfinance services in Russian regions.
Objectives The goal of the research is development of guidelines for improving the mechanism of assessing the provision of microfinance services in Russian regions.
Methods The paper includes fundamental and applied scientific research in the field of microfinance, thematic publications in the periodical press, the bibliographic method, system approach, analysis and generalization.
Results The methodology we have adapted allows us to form a general opinion on the saturation of Russian regions with microfinance services. It helps us to rank them and and use in practice as an effective instrument for managing the microfinance market. It shall increase the availability of financial resources in the country.
Conclusions Microfinance is an important segment of the Russian financial market at the regional level and is in demand precisely where standard banking services are not available to the public and start-up entrepreneurs.

Keywords: financial resources availability, microfinance, microfinance market, financial/credit sector


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