Providing of microcredits requires a specific approach of microfinance institutions

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F10%3A00012334" target="_blank" >RIV/60076658:12510/10:00012334 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Providing of microcredits requires a specific approach of microfinance institutions
Original language description
Poor people in developing countries face to lack acces to financial services from institution, either for credit or savings. There are many reasons cousing this situation of the poor in developing countries such as policy of banks, their location, distrust and fear of low-educated people from complicated process relating to administration of banks etc., and especially collateral required by banks. Microfinance Institutions are providing poor people with effective financial services and delevoping private sector by targeting small enterprises. The frequently discussed issue is the cost of microcredit and interest rate which is very often higher than interest rate of a loan provided by conventional banks despite the fact that the target group of microfinance institutions consists of particularly poor and low-income people. But it should be looking at microfinance in both financial and social perspektive and it should reconcile the social impact of microcredit and, cost recovery leading t
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
GC - Plant growing, crop rotation
OECD FORD branch
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Publication year
2010
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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