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Optimizing lending to low-income households at regional and municipal levels: justification for research

Optimizing lending to low-income households at regional and municipal levels: justification for research

Journal of Economic Regulation, , Vol. 5 (no. 4),
p. 136-161

Recent studies on financial behavior of Russians reveal an increase in the debt load particularly in small-size settlements, which residents are generally referred to as the low-income. We assume this tends to occur due to the number of specificities related both to property and financial status of small settlement’s population, on the one hand, and to low availability of long-term loans, on the other hand, compared to metropolitans and residents of regional centers. It is suggested that decisions concerning optimization of lending to the low-income borrowers should be based on regional and municipal policies requiring both exogenous and endogenous factors of lending to be activated. At that, expected benefits for lenders, individual borrowers, local communities, regional or municipal authorities and other beneficiaries are considered as additional sources contributing for sustainable territorial development. Responsible authorities are viewed as parties interested in developing and implementing measures (including special programs) to optimize consumer lending to low income households.


Keywords: consumer lending; credit optimization; low-income households; sustainable lending; regional and municipal policy; exogenous and endogenous factors of optimization; local development

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