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The ratio of receivables 1 hour loan payday to sales: This indicator gives an idea of ​​the magnitude of the average period of time required to receive the money owed by customers. many microfinance organizations accept as collateral property belonging to parties third. The European Commission defines the limits of micro-credit in the amount of 25 thousand.

In other benchmarks are designed to comply with MICROFINANCE INSTITUTIONS borrowers are loans coverage ratio, leverage ratio, a minimum level of profitability. According to international practice, for the organization of micro-credit programs in the bank can be used three approaches: 1) direct bank micro-credit; 2) separating the micro-credit program in a specially created subsidiary bank; 3) “wholesale” bank lending microfinance existing institutions.

Basel Committee on Banking Supervision also draws attention to the fact that the regulatory capital of the MFI can dramatically decrease as a result of non-performing loans and loan losses. Among the sources of funds, attracted by SMEs in the financial market, there are two main alternatives of external financing for SMEs: financing through borrowing (lending) and financing through concessions capital shares (shareholding).

For the most MFI bank loans is the diversification of sources 1 hour loan payday of funding. As collateral for a credit line taken “security deposit” in the amount of 10\% of the established limit for microfinance institutions (“security deposit” it may be granted to both the microfinance institutions, and a member organization of associations of Microfinance Organizations).

Potential borrowers are determined based on the following parameters. Presumably this should be the head of the organization, the chief accountant, cashier and at least one operating officer; – Availability of current debt on loans (outstanding loan portfolio) in the amount of 10 million usd for organizations established by regional bodies of executive power, at least 5 million usd – for organizations established by local governments, as well as consumer cooperatives and associations, non-bank deposit and credit institutions, non-profit partnerships, autonomous non-profit organizations, foundations and business organizations; – The existence of a positive audit (audit) conclusion (for organizations with an active loan portfolio – more than 30 million usd); – Experience of lending to SMEs – at least a year, except for funds to support (support agency) of small and medium-sized businesses and business organizations, one of the founders of 1-601-476-8241 1 hour loan payday which is a credinstitution or a non-bank deposit-credit organization, one of the founders of which is the executive body government or local authority; – The existence of the program (provision of the Rules, order) micro SMEs, as well as the methodology for assessing their creditworthiness; – Lack of arrears in the payment of taxes and duties to the budgets of the budgetary system of the Russian Federation; – Providing justification targeted use and timely repayment of the loan granted in cash and the interest on them; – Ensure the provision of a loan of 100\% of their commitments in terms of return actually received the loan amount and interest. Terminology especially the use of these indicators are shown in Appendix B. SBA is the largest organization in the United States, to provide financial support to small businesses, including by means of micro-credit program.

The most attractive on the cost and timing were borrowings from financial institutions of development, such as the EBRD, and foreign specialized microfinance funds created at the expense of foreign investors and financial international institutions. Implementation of the third approach 1 hour loan payday – bank lending successful non-bank microfinance institutions – is absolutely necessary, because even children MICROFINANCE INSTITUTIONS largest banks will not be able to fully meet the needs of micro businesses as well as consumers living in communities small. Credit – a kind of economic transaction, the contract between legal entities and / or individuals for a loan or loan. With credit available funds of citizens, businesses and the state accumulate, turning into loan capital, which is available for a fee for temporary use.

The growth of the loan portfolio largely is due to an increase in the resource base – the portfolio of savings.” Introduction to the legal practice of the term “microfinance institution” as well as the establishment of the principles of its regulation and registration allows expected growth in the number of this type of microfinance institutions. Money act as: a measure of value, medium of exchange, a means of accumulation and savings, means of payment, world money. The reason for selection of the microfinance industry today is the underdevelopment of the domestic credit market – banks are simply not enough resources for the wider expansion.

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