AN EXPANSION OF FUNCTIONALITY OF AGRICULTURAL CREDIT COOPERATIVES

Issue № 1, 2016, article № 11, pages 77-80

Section: Cooperation and integration

Language: Russian

Original language title: РАСШИРЕНИЕ ФУНКЦИОНАЛЬНЫХ ВОЗМОЖНОСТЕЙ СЕЛЬСКОХОЗЯЙСТВЕННЫХ КРЕДИТНЫХ КООПЕРАТИВОВ

Keywords: AGRICULTURAL CREDIT CO-OPERATIVE, THE FUNCTIONALITY OF THE CREDIT COOPERATIVES, FINANCIAL SERVICES, MICRO-FINANCING

Abstract: The functionality extension of agricultural credit consumer cooperatives to provide financial services, groups of financial services and the analysis of their applicability in the framework of existing legislation, practical examples which show opportunities to expand financial services to the rural population have been considered in the article. It is offered to expand functionality of agricultural credit cooperatives and to allocate them de jure with the right of granting additional financial products (implementation of the translations and payments at the request of members and the associated members of cooperative, delivery of pensions, use of prepaid cash cards, rendering services in agency contracts, etc.). It will allow to increase availability of financial services as for members and the associated members of agricultural credit cooperatives, and, in general, villagers.

Authors: Maksimov Anatolii Fedorovich