Microfinance Organizations in Russia and Abroad

The chapter analyses activities of microfinance organizations (MFOs) in Russia and abroad: their essence, foundations, activities, problems, and prospects. The authors aim to identify the features and difficulties in the work of MFOs in Russia and propose mechanisms for solving the problems MFOs are facing. The article was prepared using a systematic approach, statistical methods, and generalization and analysis of open sources statistical data. The chapter shows the differences in the approach to defining small- and medium-sized enterprises in Russia and abroad. The conclusions and proposals formulated in the chapter can be used by a wide range of users, including government bodies, when analysing and improving microfinance sector regulation.