Microrofinance – a possible anticrisis measure?
AbstractMicrofinance activity is recognized – at the level of European institutions and member states - as an area with a significant impact on entrepreneurship, economic growth and social inclusion. But the market of this important financing source for disadvantaged entities still have imperfections, mainly due to costs involved, the lack of collateral and lack of national regulations. Also the effects of international financial crisis were felt in the microcredit field. In this context, the European Commission launched new programs (JEREMIE, JASMINE program; the SME Guarantee facility, micro instrument Progress) that can provide opportunities to improve the micro-credit activity in Europe.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Finance - Challenges of the Future.
Volume (Year): 1 (2009)
Issue (Month): 10 (December)
microfinance; microcredit activity; small and medium enterprises;
Find related papers by JEL classification:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- G01 - Financial Economics - - General - - - Financial Crises
- G20 - Financial Economics - - Financial Institutions and Services - - - General
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