MICROFINANCE– A WAY TO CONFORNT POVERTY AND STIMULATE ENTREPRENEURSHIP WORLDWIDE
The study presents the microfinance sector, by analyzing the general context in which this type of economic activity has appeared and developed since early age. While microfinance clients have certain profiles, sector’s products are diverse. Moreover, Microfinance Institutions are different from classic bank structures, they have specific juridical background, often launching as non-profit organizations and they have developed in time complex assistance services. In Romania, non-financial institutions have mostly implemented a commercial strategy that guarantees a higher capitalization of invested funds. Still, Institutions have difficulties in adapting to market evolution; therefore some of them prefer becoming banking institutions instead. Nevertheless, present socialeconomic context points up the high demand and necessity of this type of services.
Year of publication: |
2009
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Authors: | Maria, Bachelor Marinescu Ana - |
Published in: |
Revista Tinerilor Economisti (The Young Economists Journal). - Facultatea de Economie şi Administrarea Afacerilor, ISSN 1583-9982. - Vol. 1.2009, 12, p. 65-71
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Publisher: |
Facultatea de Economie şi Administrarea Afacerilor |
Subject: | microfinance | international organizations | poverty | international economy |
Saved in:
freely available
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