Universal Journal of Accounting and Finance Vol. 9(6), pp. 1258 - 1264
DOI: 10.13189/ujaf.2021.090605
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Microfinance in Russian Regions: Lending to Entrepreneurs in 2018


Iuliia S. Pinkovetskaia 1,*, Anton V. Lebedev 2, Mikhail A. Rozhkov 2, Diego Felipe Arbelaez Campillo 3, Magda Julissa Rojas Bahamon 4
1 Department of the Economic Analysis and State Management, Institute of Economics and Business, Ulyanovsk State University, Ulyanovsk, 432000, Russia
2 Department of the English Language for Professional Communication, National Research Ogarev Mordovia State University, Saransk, 430005, Russia
3 CEO Editorial Primmate SAS, Research Group Languages, Representations and Education, University Amazonia, Florencia, Colombia
4 Educational Institution Jorge Eliecer Gaitán, University Amazonia, Florencia, Colombia

ABSTRACT

The purpose of the research is to assess the indicators describing the activities of microfinance lending systems for entrepreneurs in Russian regions. Our study uses official statistics on the quantity and total amount of microloans provided for entrepreneurs in all regions of Russia in 2018. The paper deals with the following relative indicators: the number of microfinance loans per 1000 entrepreneurs, the number of microloans per one region resident, the number of microloans per entrepreneur, and the average value of one microloan. Our study provides an assessment of these indicators for all regions of the country, determines their average values and intervals of change, typical for most regions and identifies regions with large and low values of these indicators. Methodology used in the paper and the developed tools can be used in further scientific works devoted to microfinance. The research results can be applied by state and regional bodies in the process of formation and implementation of measures that improve financing of the business sector. The developed models can be referred to when determining the needs for entrepreneurs' microfinance in regions where the entrepreneurial sector is not discussed. The data obtained can be used in the process of teaching bachelor and master students at universities.

KEYWORDS
Microfinance, Financial Resources, Microloans, Entrepreneurs, Entrepreneurship Support

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Iuliia S. Pinkovetskaia , Anton V. Lebedev , Mikhail A. Rozhkov , Diego Felipe Arbelaez Campillo , Magda Julissa Rojas Bahamon , "Microfinance in Russian Regions: Lending to Entrepreneurs in 2018," Universal Journal of Accounting and Finance, Vol. 9, No. 6, pp. 1258 - 1264, 2021. DOI: 10.13189/ujaf.2021.090605.

(b). APA Format:
Iuliia S. Pinkovetskaia , Anton V. Lebedev , Mikhail A. Rozhkov , Diego Felipe Arbelaez Campillo , Magda Julissa Rojas Bahamon (2021). Microfinance in Russian Regions: Lending to Entrepreneurs in 2018. Universal Journal of Accounting and Finance, 9(6), 1258 - 1264. DOI: 10.13189/ujaf.2021.090605.