THE POPULARITY OF MFIS IN RUSSIA
Microloans have recently become very popular, in connection with which new small financial institutions (MFIs) are increasingly opening up. This is due to the fact that these organizations very rarely refuse to their borrowers. This article defines the essence of microloans, their pros and cons. The purpose of this work is to find out the essence of microloans and microloans, to show the mechanism of work of MFIs. The topic of the relevance of microloans is particularly acute in Russia. After all, when there is a need for additional funds, and it’s not possible to contact your friends, the only alternative to a bank loan is a loan in an MFI. This article describes the work of microloans, explains the huge popularity of small financial institutions. It also explains how to arrange such a loan in the office or via the Internet and how to get rid of too much debt.