Composing analysis of regulatory framework of microfinance institutions in CIS countries.

Abstract

After the collapse of the Soviet Union in 1991 and the Declaration of state sovereignty by the former Soviet republics, a similar situation prevailed. These circumstances determined the formation of the market of microfinance services, but the legislator is much late with the legal regulation of social relations in this area. These circumstances determine the relevance of the topic of this work. In this work, public relations related to the provision of microfinance services in the Russian Federation, as well as in a number of CIS countries are examined. As well as to analyze the norms of the Russian legislation and legislation of the CIS on the legal regulation of activities of microfinance organizations. The purpose of this work was to conduct a comparative analysis of the legal framework of microfinance institutions in the Russian Federation and the CIS countries. With set purpose the author analyzes the concept of microfinance, is characterized by a legal and regulatory framework for microfinance activities in Russia and the CIS, comparative analysis of the legal regulation of microfinance institutions in Russia and the CIS.