STRATEGIES AND MECHANISMS FOR THE DEVELOPMENT OF MICROFINANCE INSTITUTIONS IN THE REPUBLIC OF MOLDOVA

The article presents the results of the research on the strategies and development mechanisms which can be applied in Moldovan microfinance institutions (MFIs). The aim of the research is to elucidate the conceptual framework on strategies, strategic management tools by developing a managerial model for microfinance organizations in the Republic of Moldova. In order to achieve the objectives proposed in the study, the author used the following research methods and tools: synthesis, comparison, analogy and the method of SWOT analysis for identifying the strengths and weaknesses of the sector; comparative analysis method; questionnaire method; survey; BSC method. Following the research, the author develops a strategic management model for the MFIs, adapted to the standards of the Republic of Moldova. In order to develop this model, we have taken the example of the European Code of Good Conduct and Best Practices of Microfinance Organizations in the UK.