THE CURRENT SITUATION AND TRENDS OF NON-BANK MICROCREDITING IN UKRAINE
DOI:
https://doi.org/10.15330/apred.1.15.105-112Keywords:
micro-credit, non-banking institutions, MFOs of companies, direct lending platforms, online balance lendingAbstract
Research objective: Identify problems and substantiate ways to develop the non-bank microcredit market in Ukraine.
The set of methods of scientific knowledge, including methods of scientific abstraction and logical-dialectical (in the study of the content of microcredit) are applied in the work; statistical and graphical analysis - for analysis, comparison and visualization of statistics (in the process of researching current trends of the national micro-credit market) and empirical research methods.
The essential characteristics of microcredit have been clarified and its role in consumer lending has been defined. The main factors that negatively influence the creation of an effective and high-quality non-bank micro-credit market in Ukraine are highlighted, and state levers are proposed to increase the attractiveness, transparency and reduce the risks of the non-bank micro-credit market. In turn, this will have a positive effect on the country's economic development, social well-being and private financial stability of the population.
The paper on "The current state and trends of non-bank microcredit in Ukraine" substantiates the main directions of regulation of non-bank microcredit in consumer lending to economic entities in conditions of socio-economic instability. This will create favorable regulatory and institutional support for the non-bank microcredit market.
References
2. Yankov, O. O. “Small predators: what awaits the micro-credit sector in Ukraine.” Mind, mind.ua/publications/20185861-dribni-hizhaki-shcho-chekae-na-sektor-mikrokredituvannya-v-ukrayini. Accessed 1 Sept. 2019.
3. Malakhova, O. L. Credit Management. Methodical instructions for the study of discipline, TNEU, 2018.
4. “Results of activity of financial companies and legal entities (lessors) for the first half of 2019.” National Commission for State Regulation in the Market of Financial Services (Natcomfin Services), www.nfp.gov.ua / files / OgliadRinkiv / FK / FK_II% 20kv_2019.pdf. Accessed 1 Sept. 2019.
5. “Information on work with citizens' appeals on actions of credit unions and financial companies that until 19.11.2016 had the status of other credit institutions.” National Commission for State Regulation in the Market of Financial Services, nfp.gov.ua/en/Pro-skarhy-na-finansovi-ustanovy. Accessed 1 Sept. 2019.
6. “On Consumer Lending. Law of Ukraine of November, 15, 2016, No. 1734.” Verkhovna Rada of Ukraine, zakon.rada.gov.ua/laws/show/1734-19. Accessed 1 Sept. 2019.
7. “Regulation of credit institutions: the bill.” Uteka, uteka.ua/en/publication/news-14-novosti-zakonodatelstva-1-uregulirovanie-deyatelnosti-kreditnyx-uchrezhdenij-zakonoproekthttps : //uteka.ua/en/publication/news-14-novosti-zakonodatelstva-1-uregulirovanie-deyatelnosti-kreditnyx-uchrezhdenij-zakonoproekt. Accessed 1 Sept. 2019.
8. “On Protection of the Rights of Borrowers of Non-Bank Loans. Project of Law, No. 10434, 10.07.2019.” Verkhovna Rada of Ukraine, w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=66190. Accessed 1 Sept. 2019.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish in this journal agree to the following terms:
- Authors retain copyright of their work.
- Authors grant the journal the right of first publication.
- The published article is simultaneously licensed under CC BY 4.0.
- Authors may enter into separate, non-exclusive agreements for the distribution of the published version of the work (e.g., institutional repositories, academic networks, inclusion in books), provided that the original publication in this journal is properly acknowledged.
- Authors are permitted and encouraged to post their work online (preprints) before and during the submission process.
