SOME THEORETICAL BASES OF LENDING TO INDIVIDUALS IN CREDIT INSTITUTIONS
Abdunazarov Shokhrukh Akrom o’gli,
Senior lecturer of TMI, Ph.D,
E-mail: shohrux_0507@mail.ru
ORCID: 0000-0002-1767-3709
Abstract. The article examines the organization, activity of credit organizations and their crediting procedure from a theoretical and practical point of view. In particular, the article analyzes the researches, scientific works and economic literature of foreign and local scientists on the topic. According to the results of the research carried out within the article, the issues related to the economic nature of credit organizations and the organization of their activities have not been sufficiently studied by economists and specialists as a systematically integrated research object. Perhaps, attention is paid to the study of credit organizations in the manner of individual commercial banks and non-bank credit organizations, therefore, the theoretical and scientific research of credit organizations is neglected. In this regard, the article comparatively studied the modern methods of the crediting process, focusing on the theoretical aspects of credit organizations. In the course of researches and studies, it became known that credit organizations mainly use non-traditional types of loans in lending to individuals, especially digital financial services are increasing. In the article, based on the results of the studies and analyzes carried out within the topic, scientific proposals and practical recommendations were developed to improve the effectiveness of credit organizations in lending to individuals and to eliminate existing problems. At the same time, the article describes in detail the types, conditions and economic importance of loans offered by credit organizations. The main focus is on the specifics of the types of loans offered by credit organizations to individuals and the theoretical aspects of their quality improvement, and ways to further develop these activities in the future are defined.
Key words: credit organization, bank, credit, overdraft, consumer credit, loan capital, microcredit.