Prospects For Institution Localized Household Credit Projects: An Evidence From A Small Russian Monotown

In this article, the research problem of local economic development as participatory process is emphasized. Portfolio of household localized credit projects is being considered as an instrument for local development programs, with the local authority as one of the potential stakeholders. The paper presents the results of the pilot survey - structured interviews with the informal community leaders, conducted in October - December 2015. The research findings showed that correspondence exists between the project-related intentions of the respondents, on the one hand, and goals officially declared by the local government as related to local socioeconomic development, on the other hand. These intentions include primarily housing improvements, increase in education level, and starting one’s own business. The analysis of the descriptive statistics suggests that use of credit resources might have a positive effect on the respondents’ intentions to implement the project. The impact of perceived subjective norm is rather high at that, with the increased confidence that the project would be implemented. Availability of local authority’s support as the potential provider of financial and non-financial resources needed for the project delivery affect positively both project-related intentions of the respondents, and expected project outcomes.