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Microfinance Market: 2021 Outcome and Development Prospects
[Рынок Микрофинансирования: Итоги 2021 Г. И Перспективы Развития]

Author

Listed:
  • Sergey A. Zubov

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

In 2021, stabilization of the macroeconomic situation generated a growth of both the microfinance market and the performance of microfinance institutions. However, the high level of the households’ credit indebtedness and the aggravation of geopolitical risks in 2022 forced the Bank of Russia to draft further restrictions on the limit of the credit total cost and the amount of indebtedness. New restrictions will encourage microfinance institutions to carry out a more careful selection of clients and develop long-term financing instruments.

Suggested Citation

  • Sergey A. Zubov, 2022. "Microfinance Market: 2021 Outcome and Development Prospects [Рынок Микрофинансирования: Итоги 2021 Г. И Перспективы Развития]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 30-32, April.
    • Handle: RePEc:gai:recdev:r2234
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    More about this item

    Keywords

    microfinance market; microfinance organizations; MFO credit rates; restrictions on the MFO market;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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