MICROCAPITAL BRIEF: Survey by National Partnership of Microfinance Market Participants, Russian Microfinance Center Indicate Russian Microfinance Market Grew 13% During First Quarter of 2011

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A joint survey conducted by two Russian associations of microfinance stakeholders, the National Partnership of Microfinance Market Participants and the Russian Microfinance Center indicates that non-banking microfinance institutions (MFIs) posted improvements in nearly all primary financial indicators during the first quarter of 2011.According to the report, the average active credit portfolio, savings deposits and loans disbursed per MFI grew 2.76 percent, 3.96 percent and 12.87 percent, respectively, when comparing....

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