Bank deposits was found an alternative

In the fight for customer microfinance institutions are increasing deposit rates to 18% per annum. In early January, came into force a law on microfinance and microfinance institutions. Since then, the Ministry of Finance opened the register, where all organizations applying for the status of Microfinance, once a quarter will provide a package of documents. Thus they will have to confirm that indeed the business of granting loans to small and medium businesses. And any entrepreneur about to take a loan, will be able to obtain reliable information about the creditor of his organization. It is also important that microfinance institutions now have the right to draw funds of individuals in the amount of 1,5 million rubles. "At a time when banks reduce deposit rates, microfinance institutions can offer citizens the opportunity to earn interest at 1.5 times the obscherynochnye - up to 18% per annum in rubles. While it is absolutely protected by state legislation yielding investments, increasing transparency of microfinance institutions, "- says CEO Finotdel Alexei Drobotay. In his view, private investment will positively affect the rate of lending, reducing it to a few percentage points. "In infancy, many organizations have to bring to their work is too expensive funding. Ultimately, the benefit will be investors and small business », -