What is the state register of microfinance organizations

2024 Author: Henry Conors | [email protected]. Last modified: 2024-02-12 02:53

Now there are many different microfinance institutions. But not all of them are honest structures. How to recognize a wolf in sheep's clothing? The state register of microfinance organizations helps with this.

General information

Many cybercriminals often like to disguise themselves as microfinance organizations, collecting people's personal data to use it for their own purposes. And we need a mechanism that will allow us to find out whether the organization is worth trusting. This is the register of microfinance organizations. You need to see if this company is there. Although theoretically it may be that the fraudsters entered the register of microfinance organizations, spied on the name of an existing enterprise and disguised themselves as it. Therefore, you should familiarize yourself with their information, which is publicly available. And when you read the documents, you should study them very carefully and concentrate on all the slightly suspicious points.

What is the register of microfinance institutions?

He is a special document. It contains all MFIs that have been officially registered in the Russian Federation. Federations and on the territory of the state have the right to act. Inclusion in the register is a prerequisite for them to be able to carry out lending activities. They can issue loans up to a million rubles. But still, in most cases, they amount to several thousand rubles and quite rarely even represent five-figure amounts. For new people, they do not exceed 2000 or 3000. What do you need to know about the registry? It does not include individual entrepreneurs and individuals. A company that wants to engage in this type of activity can be represented as an LLC, ANO, and in other similar forms. That is, only a legal entity has the right to lend. Information about organizations is on a special website, and everyone who has access to the global network can familiarize themselves with it.

Conclusion

It should be noted that the registry does not give any guarantees, including that the company will be trouble-free. He only reports that she was officially registered. And for this you just need to collect a certain set of documents. In technical terms, this is a list that contains certain information such as the name, registration number, address, and number of the issued certificate. For a general understanding of the situation: during the existence of the document, more than half of all companies were deleted from the register - and this despite the fact that their activities have been officially allowed only since 2010. The reason for the disappearance is the presence of massbad debts, violation of rules and/or rights under the law and lack of financial reporting or misrepresentation.