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THE CENTRAL BANK PROPOSED TO CHANGE THE STRUCTURE OF THE MICROFINANCE MARKET

... the Bank of Russia, today one of the main problems of the sphere is low confidence in microfinance. This is also faced by companies that finance, for example, entrepreneurs... ... main changes will affect the market of the most expensive consumer loans," the Central Bank said. Today, the regulator explains, a large volume of such consumer loans... ... interest is transferred to the body of the new loan. Thus, Russians find themselves in a debt spiral. The Central Bank proposes to make a limit on the number of simultaneously...

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