IDEAS home Printed from https://ideas.repec.org/a/shc/jaresh/v5y2013i1p128-146.html
   My bibliography  Save this article

Recent Developments Of Microfinance In Albania

Author

Listed:
  • OLTIANA MUHARREMI
  • ERALD PELARI

Abstract

Today one of the trends of global development is microcredit. It is an instrument affecting employment, social, cultural and economic issues, and also as a component of natures cultures destined to have a great importance in the economies of different countries in the future. The careful determination of supply and demand for microcredit and the increasing role of small businesses to be economically productive and perform services in favor of society undoubtedly require a cautious policy in the development of microfinance institutions. Microfinance developed in Albania in the 90s and since then has been a key element in its development and economic environment. It is now a recognized part of the financial markets thanks to the support of donors and the serious involvement of the government. Overall economic development of the country, the creation of new jobs, increase the standard of living, increase social stability, political and economic development of Albania and the region in general, interregional cooperation and integration of Albania into European structures cannot be understood, if we do not develop human and natural reserves, but this development cannot be done without strong financial support. What small business financing systems will be developed in the future, what will be the position and its role in the economy, what policies will be pursued funding to balance demand and supply in this market? These and others are the subject of this paper since it is difficult to determine a solid line because microcredit is a growing and variable phenomenon.

Suggested Citation

  • Oltiana Muharremi & Erald Pelari, 2013. "Recent Developments Of Microfinance In Albania," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 5(1 (June)), pages 128-146.
  • Handle: RePEc:shc:jaresh:v:5:y:2013:i:1:p:128-146
    as

    Download full text from publisher

    File URL: http://www.jare-sh.com/downloads/abstract_jun_2013/muharremi.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    microfinance institutions; rural areas; financial sector development; microcredit.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:shc:jaresh:v:5:y:2013:i:1:p:128-146. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Claudiu Chiru (email available below). General contact details of provider: https://edirc.repec.org/data/fcuspro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.