Qualitative changes of microfinance market: government regulation and point of growth
This article deals with the technical and qualitative changes in the microfinance market in connection with the beginning of the tightening of state regulation of non-banking sector of the Russian economy in 2014. Attention is paid to specific regulations and documents regulating the activities of microfinance institutions and credit consumer cooperatives. A comparative analysis of the market reaction to the data entered on the organizations rules and restrictions, which revealed differences in the reasons for leaving the players of this sector of the Russian economy. The article presents a statistical study of some indicators of activity of the largest microfinance institutions (total size of the portfolio, the total volume of issuance, the number of issued micro-loans, the loan amount on average), whose activities are controlled by the central unit of the Bank of Russia. The possible points of growth of the banking sector.