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In Russia, small-scale entrepreneurship has emerged in response to the collapse of state-ownership and unemployment in the early 1990's. Small businesses typically lack adequate collateral and credit history, making them "unbankable" by the mainstream financial sector. To fund their businesses, micro-entrepreneurs are forced to rely on funds from family and friends, or money lenders. Microfinance institutions of four types have emerged to meet the unfulfilled financing needs of micro-entrepreneurs: commercial banks, specialized NGO-type microfinance institutions, membership-based institutions

Zonder onderwerpscode: wereldeconomie, ontwikkelingsproblematiek --- Microfinance --- Russia --- Economic policy. --- Micro-finance --- Microcredit --- Microenterprise lending --- Microlending --- Financial services industry --- Small business --- Finance --- Russie --- Rossīi︠a︡ --- Rossīĭskai︠a︡ Imperīi︠a︡ --- Russia (Provisional government, 1917) --- Russia (Vremennoe pravitelʹstvo, 1917) --- Russland --- Ṛusastan --- Russia (Tymchasovyĭ uri︠a︡d, 1917) --- Russian Empire --- Rosja --- Russian S.F.S.R. --- Russia (Territory under White armies, 1918-1920)