Factors Hindering the Development of Agricultural Consumer Credit Cooperatives and Possible Solutions

2021 ◽  
pp. 257-263
Author(s):  
Luiza T. Yahina ◽  
Venera Z. Minnigaleeva ◽  
Alsu I. Shakiryanova ◽  
Konstantin L. Svechnikov ◽  
Tatyana A. Ivanova
Keyword(s):  
Consumer Credit ◽  
Credit Cooperatives

The Essence and Main Differences of Consumer Societies from Credit Consumer Cooperatives in the Light of Attracting Citizens' Funds

2021 ◽  
pp. 51-55
Author(s):  
O. Yudina
Keyword(s):  
Financial Literacy ◽  
Consumer Credit ◽  
Consumer Society ◽  
Household Finances ◽  
Foreign Companies ◽  
Advantages And Disadvantages ◽  
Cooperative Tasks ◽  
Credit Cooperatives ◽  
Main Regulator ◽  
Xix Century

The article is devoted to the comparative analysis of the essence of consumer and credit cooperatives in the context of attracting citizens' funds, the transformation of their economic processes and functions in the genesis of microeconomic development. The research is based on the analysis of historical documents and Russian publications, as well as on statistical conclusions of economic data. The aim of the study was to study the evolution of consumer societies and credit cooperatives as instruments for attracting household finances on the example of Russian and foreign companies since the middle of the XIX century. Semantic definitions of the categories consumer society and consumer credit cooperative, tasks and historical stages of the development of the studied communication tools in the field of attracting the means of the population are determined. The author's experience of comparative characteristics of the analyzed economic entities is proposed, reflecting the risks, advantages and disadvantages of the studied communication objects. The functions of the Bank of Russia as the main regulator of consumer credit cooperatives are disclosed. The final results of the study substantiate the importance of financial literacy and present an algorithm that allows the population to distinguish the legal activities of consumer credit cooperatives from fraudsters.

scholarly journals Identification of the risks of consumer credit cooperatives

2019 ◽  
pp. 137-142 ◽  
Author(s):  
V. Yu Didenko ◽  
N. I. Morozko ◽  
N. I. Morozko
Keyword(s):  
Risk Assessment ◽  
Consumer Credit ◽  
Quantitative Risk Assessment ◽  
Cooperative Development ◽  
Credit Cooperatives ◽  
Consumer Cooperatives

Various types of classification of risks of credit consumer cooperatives have been considered. The author’s approach to the classification of cooperative risks based on the account of losses associated with risk situations has been adduced. It has been proposed to carry out a quantitative risk assessment, which is demonstrated by the example of the assessment of various types of savings risk. Directions of reduction of risks of losses of credit consumer cooperatives have been designated. The necessity of identification of risks of credit consumer cooperatives for substantiation of strategy and tactics of cooperative development has been emphasized.

scholarly journals Risk Minimization in Consumer Credit Cooperative Activities

2019 ◽  
Vol 12 (4) ◽  
pp. 60-67
Author(s):  
Nat. I. Morozko ◽  
N. I. Morozko ◽  
V. J. Didenko
Keyword(s):  
Risk Assessment ◽  
Consumer Credit ◽  
International Standards ◽  
Due Dates ◽  
Risk Minimization ◽  
Scoring Method ◽  
Credit Risks ◽  
Limit Value ◽  
Credit Cooperatives ◽  
Cooperative Process

The subject of the research is risks in consumer credit cooperative activities in the context of economic instability. The purpose of the article is developing methods of risk minimization in terms of the authors’ approach to cooperative risks classification. The importance of the research lies in the fact that risks are an integral part of the consumer credit cooperative process of functioning; therefore there is a necessity of appropriate risk assessment that will enable businesses to mitigate possible losses. Consumer credit cooperatives have some distinctive features in comparison with other credit institutions. The authors identify risks of consumer credit cooperatives, and analyze different approaches to risk assessment. While assessing the risks of cooperatives the authors suggest using scoring method according to international standards for building risk management system. It is proved that scoring is the most optimal and effective instrument for the consumer credit market. It is noted that probability of material losses arises as a result of financial risks, while nonfinancial risks result in both material and nonmaterial losses. The authors also pay attention to the fact that the guiding lines in determining the limit value of risks appear in financial norms of consumer credit cooperatives established by the Central Bank. Methods of minimization of consumer credit cooperative risks are proposed. The authors come to the conclusion that monitoring of credit risks must be conducted at every stage of crediting in order to detect problems with loan clearing off at due dates, which allows to provide effective management of the cooperative loan portfolio and to mitigate risks.

The History of Consumer Credit

2000 ◽  
Author(s):  
Rosa-Maria Gelpi ◽  
François Julien-Labruyère
Keyword(s):  
Consumer Credit ◽  
History Of

CONSUMER CREDIT: THEORY AND PRACTICE

2020 ◽  
Vol 3 (3) ◽  
pp. 32-37
Author(s):  
Shavkat Abdullayev ◽  
Keyword(s):  
Consumer Credit ◽  
Theory And Practice ◽  
Current Status ◽  
Consumer Lending ◽  
Definition Of ◽  
Theoretical Foundations

The article discusses the theoretical foundations, current status and ways of improving consumer lending in Uzbekistan. It were studied the views of foreign and domestic scientists on the definition of consumer credit. There are analyzed the disadvantages of consumer credits and are proposed ways to improve them

Empirical Analysis of Consumer Credit Recovery

2019 ◽  
Vol 32 (2) ◽  
pp. 187-219
Author(s):  
Hyeongjun Kim ◽  
◽  
Doojin Ryu ◽  
Hoon Cho
Keyword(s):  
Empirical Analysis ◽  
Consumer Credit ◽  
Credit Recovery
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