Structural Analysis of Credit Portfolio of Microfinance Organizations Acting in Georgia
Credit system is one of successful and rapidly growing field in the country’s economy. Role of credit system in the development of economy of state is Multifaceted. There are many types of credit institution presented on credit market. Those institutions are divided into two groups – bank and non-bank credit institutions. Microfinance organizations, as subject of private sector, play a vital role in the development of country’s economy.
Today’s globalized economy, research and discussion on non-bank sector gains a bigger importance. Credit systems of developed as well as developing countries are characterized by the diversity of financial credit institutions. In Georgia, microfinance organizations are integral part of credit system. The microfinance sector as an important part of none banking sector is on of the most developing field and important player of credit market, their activities support improvement and sustainability of financial- credit system of country.
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