EDN: GKMEGM
Theoretical approaches to the definition of «microfinance organizations»
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JATS‑XML (OAI)The socio-economic significance of microfinance lies in the effective economic smoothing of social inequality among the population and ensuring equal access to credit services for everyone. It encourages the development of private entrepreneurship and provides employment for the population, increases their standard of living, and contributes to the growth of the state's economy. The article presents a study of the conceptual apparatus of microfinance organizations in the Russian Federation. The history of formation and development of microfinance is analyzed. The analysis of microfinance needs for borrowers among individuals and for the small business segment is carried out.
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