Conceptual Provisions of the Adaptability of Microfinance Organizations for Entrepreneurship in the Context of the Limited Economy of Russia

Irina Misanova,Larisa Sorokina,Dmitriy Tarasov,Nadezhda Gusareva,Galina Andriuschenko,E.B Dvoryadkina,E.G Animitsa

doi:10.1051/shsconf/20219302007

Abstract

Changes in the world order, political and economic events of modern times reveal relevant aspects for the development of financial instruments. The interest shown in microfinance organizations is determined by the socio-economic realities of the country: the urgent need to revive entrepreneurship, internal competition, adaptation to the market in a limited economy. In this connection, the considered conceptual provisions are aimed at prompt response to deviations from the normal activities of entrepreneurship. There was a need for changes in international and national investment policy on the way to a real network development methodology: from a coordinated structure of relations to more and more legally binding decisions of all participating countries. Investments are dispersed. In this regard, the development of methodological aspects, the design of a roadmap, taking into account recommendations for the formation of an operating model and a business model within the framework of MFO activities, seems to be very relevant.

Highlights

In a market economy, there is an urgent need for the segmentation of the financial market and the separation of microfinance organizations (MFOs) into a special segment
The Concept provides a number of recommendations aimed at improving the activities of MFOs
To create the conditions for countering risks and reducing uncertainty, the Concept provides for a set of measures aimed at realizing favorable opportunities and more effectively achieving the goals of MFOs [4]

Summary

Introduction

There is an urgent need for the segmentation of the financial market and the separation of microfinance organizations (MFOs) into a special segment. This is due to the specifics of their activities - providing small and medium-sized enterprises (SMEs) with microloans on the basis of budget funds. MFOs are subjects of a certain type of professional activity

Materials and methods

Results and discussions

Conclusion