Email this article Classification of Malpractices of Microfinancial Oranizations in the Russian Federation
- Authors: Vergazova A.T.1
-
Affiliations:
- Financial University under the Government of the Russian Federation
- Issue: Vol 12, No 5 (2022)
- Pages: 64-70
- Section: Articles
- URL: https://journals.rcsi.science/2223-0092/article/view/147013
- DOI: https://doi.org/10.33693/2223-0092-2022-12-5-64-70
- ID: 147013
Cite item
Open Access
Access granted
Subscription Access
Abstract
The idea of regulating financial institutions in general and microfinancial organization in particular lies in finding the balance in following the economic interests of all the sides involved. For the individual this implies keeping their well-being while for the state this means to ensure the well-being of all the different strata of the society. One of the functions of the microfinancial organizations is to give small businesses access to legal money for further development. Having said that, ideally microcredits should lead to growth of individual’s wealth, growth of the middle class, growth of the income of the region and the country. However, microfinancial organizations historically have been surrounded by a negative image, and malpractices only make it worse for them. By understanding deviant practices and their classification there is space for preventing their spread and for forming an environment that would work for the society development. Literature analysis has shown that there is no common classification, and the result proposes a model that takes into account the specifics of the Russian market and takes into consideration the most of malpractices applied there.
Full Text
##article.viewOnOriginalSite##About the authors
Anna T. Vergazova
Financial University under the Government of the Russian Federation
Email: atvergazova@fa.ru
postgraduate student, assistant at the Department of Sociology of the Faculty of Social Sciences and Mass Communications Moscow, Russian Federation
References
- Alabina T.A., Belik A.B., Bilyuchenko G.S. Current state and prospects for the development of microfinance organizations in Russia. Economic Research. 2017. No. 3. P. 3. (In Rus.)
- Begeza V.V., Svistunov S.V. Organization of work to counter illegal withdrawal of funds, money laundering through microfinance organizations. Bulletin of the Peoples Friendship University of Russia. Series: Legal Sciences. 2021. Vol. 25. No. 2. Pp. 685-699. (In Rus.) doi: 10.22363/2313-2337-2021-25-2-685-699.
- Beketnova Yu.M. Analysis of the possibilities of automating the detection of unscrupulous microfinance organizations based on machine learning methods. Finance: Theory and Practice. 2020. Vol. 24. No. 6. Pp. 38-50. (In Rus.) doi: 10.26794/2587-5671-2020-24-6-38-50.
- Bizhoeva M.S. Current state and perspectives of microfinance in Russian Federation. Materials for the X International students’ electronic scientific conference “Student science forum” [Electronic resource]. URL: http://www.scienceforum.ru/2018/3190/5238 (data of accesses: 22.05.2018).
- Bondarenko N.G. Risk of involvement of microfinance organizations in money laundering schemes and financing of terrorism. Sustainable Development of Science and Education. 2021. No. 9 (60). Pp. 6-9. (In Rus.)
- Vasyura S.A. Legal regulation of microfinance organizations. In: Economics and management in modern conditions: Problems and prospects: Collection of scientific papers based on the materials of the IV International Scientific and Practical Conference. Maikop, May 20, 2017. A.A. Tamova (scien. ed.). Maykop: LLC “Electronic Publishing Technologies”, 2017. Pp. 241-243.
- Voytov V.V. Innovations in countering the Bank of Russia to unfair actions in the financial market. Economics. Business. Banks. 2019. Vol. 1. Pp. 141-152. (In Rus.)
- Gilinsky Ya.I. Deviant behavior in St. Petersburg: against the backdrop of Russian reality in the post-perestroika era. World of Russia. Sociology. Ethnology. 1995. Vol. 4. No. 2. Pp. 118-131. (In Rus.)
- Gilinsky Ya.I. Crime, deviance and social control in the postmodern era: theses for reflection. In: Crime, deviance and social control in the postmodern era: Materials of the International Scientific and Practical Conference. St. Petersburg: Publishing house “Alef-Press”, 2014. Pp. 36-40.
- Gilinsky Ya.I. Sociology of deviant behavior as a sociological theory. Socis. Sociological Research. 1991. No. 4. Pp. 72-78. (In Rus.)
- Emelkina I.A. Restriction of super-high interest under a loan agreement: new approaches. Legal Bulletin of Samara University. 2018. Vol. 4. No. 3. Pp. 18-23. (In Rus.) doi: 10.18287/2542-047X-2018-4-3-18-23.
- Epkhiev O.M., Davidenko V.A. Deviant behavior of an individual as a result of interaction with microfinance organizations. Power. 2021. Vol. 29. No. 2. Pp. 166-170. (In Rus.) doi: 10.31171/vlast.v29i2.8039.
- Kotlyarov M.A. Regulation of the activities of microfinance organizations in the Russian market. Finance and Credit. 2008. No. 35 (323). Pp. 2-6. (In Rus.)
- Kudryavtsev V.N. Social deviations. Moscow: Legal Literature, 1989. P. 93.
- Kuznetsova A.Yu. Organization of accounting in microfinance organizations and control over their activities. In: Accounting, analysis and audit: current state and development prospects: Proceedings of the X International Scientific and Practical Conference. Yekaterinburg, April 15, 2019. Yekaterinburg: Ural State University of Economics, 2019. Pp. 57-60.
- Kuzmina A.E. Microfinance organizations as a factor of socio-economic development. Finance of Bashkortostan. 2015. No. 4 (066). Pp. 91-95. (In Rus.)
- Likhter P.L. On some aspects of the implementation of the principle of good faith in consumer lending: the search for a balance of interests. Lex Russica (Russian Law). 2021. No. 5 (174). Pp. 28-37. (In Rus.) doi: 10.17803/1729-5920.2021.174. 5.028-037.
- Meshcheryakova N.N. Features of anomie in modern Russian society: A synergistic approach. Moscow, 2015.
- Nekrasova T.N. Methodology for assessing the level of spread of unfair practices in the market of microfinance services. Bulletin of SamGUPS. 2021. No. 2 (52). Pp. 36-43. (In Rus.)
- Nikolenko P.V., Tsvigunova O.S. Analysis of the development of the market of microfinance organizations in the Russian Federation. Bulletin of Science and Practice. 2022. Vol. 8. No. 4. Pp. 432-440. (In Rus.) doi: 10.33619/2414-2948/ 77/48.
- Poteshkina E.V. Influence of microfinance organizations on the Russian economy. Alley of Science. 2017. Vol. 1. No. 16. Pp. 305-308. (In Rus.)
- Sviridov O.Yu., Nekrasova I.V. Misseling as the main form of unfair sales of financial products in Russia: causes and methods of counteraction. State and Municipal Management. Scientific Notes. 2018. No. 4. Pp. 134-138. (In Rus.) doi: 10.22394/2079-1690-2018-1-4-134-138.
- Slepnev D.V. Analysis of fraud in the sphere of activity of microfinance organizations. Tribune of the Scientist. 2020. No. 12. Pp. 699-702. (In Rus.)
- Sukhinin A.N. Microfinance organizations - promising methods of lending, taking into account the moral and ethical foundations. The Value System of Modern Society. 2014. No. 38. Pp. 162-167. (In Rus.)
- Shaker N.S. Risk of intermediary activities of microfinance organizations /regulatory aspect. Finance, Money, Investments. 2019. No. 2 (70). Pp. 20-27. (In Rus.)
- Bellitto M., Coccia M. Interrelationships between Violent crime, demographic and socioeconomic factors: A preliminary analysis between Central-Northern European countries and Mediterranean countries. 2018.
- Lobonţ O. R. et al. The effect of socioeconomic factors on crime rates in Romania: A macro-level analysis // Ekonomska istraživanja. 2017. Vol. 30. No. 1. С. 91-111.
Supplementary files
