CREDIT UNION AS A SOURCE OF CREDIT RESOURCES OF SMALL BUSINESSJournal: University Economic Bulletin (Vol.1, No. 27)
Publication Date: 2015-10-10
Authors : Olga Malinovska;
Page : 217-221
Keywords : credit union loans; small business; sources of resources; bank; small business lending mechanism;
Purpose is to analyze the theoretical foundations of credit unions in Ukraine and recommendations for credit support to small businesses. Methodology. The study applied techniques such as sampling, synthesis, comparison, grouping, and the study of the role of credit unions in providing credit to small businesses, the method of statistical analysis. Results The article analyzes the activities of credit unions at the present stage, it focuses on lending. The reasons because of which banks are not profitable to provide credit support to small businesses are learned. Studied all the problems that currently do not allow time to fully engage customers to credit unions and reasoned conclusions are to improve and better attract financial resources to credit unions. Conclusions The study found that today's possibilities of credit unions of Ukraine in financing small businesses, given the volume of their assets is not comparable with the possibilities of banks because the amount of assets credit unions relatively small. However, credit activities and social orientation of credit unions with a positive adjustment to the financial support of small business, especially when it is launching, allowing them to take their own niche in the financial market of Ukraine.
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