It is impossible to completely abandon the microfinance market in Russia. The state must control its work, because if the authorities do not intervene, crime will come there. explained In our conversation with Nikolai Kulbaka from 360.ru.
The economist noted that the microfinance market is dependent on the state – it cannot do anything but support it because there is a threat of criminalisation. He also recalled Central Bank’s offer Reform this area by dividing the market into three segments: entrepreneurial financing companies, targeted financing and classic microfinance institutions. The goal, according to Kulbaki, is to divide the market into segments and identify risks for each, which will make the job easier.
“The regulator needs clear guidance and a complete work organization in this area. There is a certain logic in this,” the expert explained.
According to his forecasts, the regulator will be able to implement these plans no earlier than 2025-27. Kulbaka concluded that it will be possible to talk about specific consequences of the proposed changes after the publication of relevant documents.
Let us remind you that the Central Bank notedIt was stated that with the implementation of the proposed reforms, the most expensive loans offering more than 100% per annum will continue to operate in the MFO status, and it is planned to revise the prudential standards for each category of organizations. The regulator, noting the lack of trust among Russians among the main problems of the market, emphasized that organizations financing entrepreneurs and providing POS loans also face this problem.
Previously It became clear About the record amount that Russians owe to microcredit organizations.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.