Microfinance as a Mechanism against Financial Exclusion in the European Rural Areas - an Inspiration for the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F21%3A43920982" target="_blank" >RIV/62156489:43310/21:43920982 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.7160/aol.2021.130406" target="_blank" >https://doi.org/10.7160/aol.2021.130406</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7160/aol.2021.130406" target="_blank" >10.7160/aol.2021.130406</a>

Result language

angličtina

Original language name

Microfinance as a Mechanism against Financial Exclusion in the European Rural Areas - an Inspiration for the Czech Republic

Original language description

One of the factors influencing the emergence of disparities between rural and urban regions is the varying level of financial inclusion of the population. The system of microfinancing is becoming an important mechanism against poverty and social exclusion in Europe. However, there is available very limited legal, regulatory and historical information on the microfinance system in the Czech Republic. As a result, microfinance institutions are absent and small entrepreneurs tend to use expensive consumer credit products, thereby increasing the risk of over-indebtedness. The aim of this research is to examine the repayment performance of the European microfinance institutions with increased share of clients from rural areas. Based on an empirical statistical analysis of an unique European microfinance institutions&apos; database, we are presenting evidence that suggests that microfinance systems perform better in rural than in urban areas. This finding is strongly recommended for consideration in the development of policies to guide legal frameworks regarding microfinancing.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Agris On-Line Papers in Economics and Informatics

ISSN

1804-1930

e-ISSN

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Volume of the periodical

13

Issue of the periodical within the volume

4

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

9

Pages from-to

61-69

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85123088642