How fast can take a million?

In recent years, small businesses are increasingly seeking help from non-banks, but banks prefer to sidestep. Alex Drobotay, CEO Finotdel "providing loans of up to 1 million rubles. entrepreneurs and managers of small businesses, said Bank.ru, with anything related to this trend, what are the main challenges of microfinance is why the company refuses to help start-up projects, and that he expects the market after the new law. - Why do microfinance in this country differs substantially from the original model, which originated in Bangladesh? There it is aimed at fighting poverty in our country as it is rather a financing business. - Not quite agree with your position. Successful microfinance institutions in Russia certainly has all the attributes of a business: they are economic activity, profit, evolve according to the laws of the market. Moreover, these organizations provide their financial resources to private entrepreneurs who are committed to the bank closed on a number of formal reasons. Take the money to develop their own business these people simply have nowhere but having considered all the pros and cons, many of them choose loans from microfinance institutions, such "Finotdelu. Therefore, to deny the social function of MFIs in Russia is impossible, although probably in Bangladesh, because of the extremely low standards of living, social function is expressed more clearly. - How do you think is the fundamental difference between microfinance, which offers banks and companies like yours? - Banks have always tried to minimize their risks, so in order to draw them a loan, the borrower must complete a large number of papers, certificates, provide a solid guarantee and otherwise confirm their creditworthiness. Often, employers simply can not fulfill all the requirements of the bank. Providing the same loans in microfinance institutions is an accelerated and simplified. We do not need numerous inquiries and onerous mortgages. In addition, non-banks are simple registration, service quality and speed of decision making. - FINOTDELu "often deny a person a loan? What percentage of loan default? - According to our statistics of the 100 filings of about 40 turned into a real issued loans. This is a very good indicator. Experience shows that people involved in small business - fairly responsible borrowers, especially women. They carefully weigh their options. As for defaults, then the current portfolio of over 120 million rubles. This figure continues to remain at a level close to zero. - Why do not you finance the start-ups? - Business Financing is always a risk. Financing of the same business during its planning and birth - the risk tenfold. Too much risky component in finance has always expressed high interest rates and the business just at the initial stage of its existence is not ready to bear this load. Here we need a completely different mechanism. Most likely that such projects should be undertaken by the state through targeted programs to encourage small business development. - How effective are financial institutions meet the needs of small businesses in microfinance? - According to some experts address the need for microcredit is implemented by no more than 12 - 15%. In this regard, we are facing a serious challenge to make the most financial resources available to small businesses and entrepreneurs. - And what would you say the main problem microfinance market? - Equal access to market participants to affordable financial resources, as well as the formation of principles and norms of a civilized market of MFIs. In my opinion, these are key challenges at the present stage of market development of microfinance services. - Will the something to change the law on microfinance and microfinance institutions? "- Of course we expect the introduction of the law and associated regulations to improve the investment climate in the market, as well as giving more substantial image of the microfinance market as a whole. Have to build that system of relationships that will create the ethical principles and rules of procedure of our work, bring them to the end consumer, that he was confident that, by contacting any of MFIs, they will receive quality service. - In your opinion, how the market will develop microfinance in the future? - Already on the market MFI appears healthy competition and, hence, as soon as the interest rate will be severely regulated and find its optimal value. The practice of self-regulation will help alleviate the problem for our regulatory agencies and state, as well as to protect the MFI sector from the introduction of excessive external constraints. All experts agree that the market for microfinance in the coming years to grow to 150-300 billion rubles. These are huge numbers, and huge opportunities for business development. All this we have to implement. We are simply doomed to success.