Evoluțiile și perspectivele de dezvoltare a sectorului de creditare nebancară din Republica Moldova, în contextul noii reglementări

Abstract

The microfinance sector is an important financial resources provider, and more than this, for some individuals, small entrepreneurs, individual entrepreneurs is the only possibility to obtain money fordevelopment. In recent years the microfinance sector in the Republic of Moldova is in continuously developing and shows stable growth. Recent research in the field highlights the importance and potential of the sector, aswell as a number of shortcomings that have negative implications for final consumers and operating institutions. Thus, in order to ensure a sustainable development, to reduce the systemic risk and to protect the consumers of services, the national supervisory authorities have continuously improved the regulatory framework. The last significant changes in the legislation were made in October 2018. This study reflects the main legal interventions operated by national supervisory authorities and, respectively, the results of the activity of non-bank credit organizations and savings and loan associations until after the legislative changes.