{"id":13262,"date":"2019-07-09T21:52:39","date_gmt":"2019-07-09T21:52:39","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13262"},"modified":"2019-07-09T21:52:39","modified_gmt":"2019-07-09T21:52:39","slug":"the-state-of-small-business-lending-in-russia","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/the-state-of-small-business-lending-in-russia\/","title":{"rendered":"The state of small business lending in Russia"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Russia has seen a boom in the number of smaller businesses in the last few years. Unfortunately for them, traditional lenders are, by and large, still focused on providing services to medium- and large-sized businesses. While some smaller businesses are able to find financing through traditional lenders thanks to special concessional lending programs, others seek out other options such as taking out an individual loan for their business. Even classic microfinance institutions (MFIs) are not yet systematically important in the country. This has opened the door for FinTechs to step in and fill the void, and there are three types of FinTech sources smaller businesses are looking at:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Crowdfunding <\/b><span style=\"font-weight: 400;\">\u2013 a platform that allows investors to give directly to a business project in return for products at a later time, this type of investment platform is not the most suitable for smaller business and has been falling in popularity in recent years.&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Crowding <\/b><span style=\"font-weight: 400;\">\u2013 also known as peer-to-peer (P2P) lending, crowding makes it possible for individuals to make loans to other individuals or legal entities via a crowding platform that evaluates loan applications and assigns each one a credit rating.&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>FinTech MFIs <\/b>\u2013 FinTech MFIs are typically foreign-run lenders that take advantage of modern technology to assess loan applications and provide financing. Experts predict the growth of this particular segment in Russia will be strong in the coming years.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13262 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Beyond Crypto: Why Blockchain Matters (Video)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/beyond-crypto-why-blockchain-matters-video\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/08\/20f62725-1791-31a2-c34a-963da1a061131-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16227\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16227'>\n\t\t\t\tBeyond Crypto: Why Blockchain Matters (Video)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Converse Bank launches new mobile application'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/converse-bank-launches-new-mobile-application\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/con-12-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8903\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8903'>\n\t\t\t\tConverse Bank launches new mobile application\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Georgia\u2019s securities system to be revamped'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/georgias-securities-system-to-be-revamped\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/01\/Modernization_WhitepaperBig-150x150.gif\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-6913\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-6913'>\n\t\t\t\tGeorgia\u2019s securities system to be revamped\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Russia has seen a boom in the number of smaller businesses in the last few years. Unfortunately for them, traditional lenders are, by and large, still focused on providing services to medium- and large-sized businesses. While some smaller businesses are able to find financing through traditional lenders thanks to special concessional lending programs, others seek &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,12],"tags":[129,141],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13262"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=13262"}],"version-history":[{"count":2,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13262\/revisions"}],"predecessor-version":[{"id":13264,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13262\/revisions\/13264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13302"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}