THE ROLE OF FINANCIAL LOGISTICS IN THE DEVELOPMENT OF THE RUSSIAN MARKET OF MICROFINANCE

Abstract

Based on the study results, it’s been proved and justified that financial logistics plays an important role in the qualitative development of the Russian microfinance market. The principles of financial logistics enable one to solve such problems as limited sources of funding, deterioration of the portfolio of microfinance organizations, increase in the cost of financial logistics flows. The introduction of the principles of financial logistics in case of optimization of activities in management, planning and control of financial flows makes it possible to achieve such goals of running microfinance organizations as maintaining a stable, competitive position on the market - maintaining current positions; improving the quality of the microfinance organization’s portfolio; further development of the microfinance organization: selection of more promising areas of activity, an increase in the quantitative and qualitative component on the market (regional development of the structure, improvement of the quality of financial, material and other logistic flows, expansion of a product range, management system innovation, improvement of operating activities, etc.) The article describes main stages through which the logistics process should pass to solve the abovementioned problems (planning of resource flows, organization of logistics processes and monitoring).