The history of the development and formation of microfinance institutions

DOI: 10.33917/mic-6.107.2022.76-80

Currently, the activities of microfinance institutions are widespread all over the world. The article explores the history of the emergence of microfinance organizations, originating from the Middle Ages. The current state of the microfinance market of the Russian Federation is analyzed and its participants are considered. Measures are proposed to improve the quality of services provided by microfinance organizations. The relevance of the article is explained by the need to understand the economic nature of the origin of microfinance transactions against the background of the rapid growth of their number both in Russia and abroad.  


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