THE IMPACT OF MICROFINANCE FOR SUPPORTING REFUGEE ENTREPRENEURSHIP IN EUROPE: AN ECONOMIC AND SOCIAL DEVELOPMENT PERSPECTIVE

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F23%3AA0000434" target="_blank" >RIV/47813059:19520/23:A0000434 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.7441/dokbat.2023.37" target="_blank" >http://dx.doi.org/10.7441/dokbat.2023.37</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7441/dokbat.2023.37" target="_blank" >10.7441/dokbat.2023.37</a>

Jazyk výsledku

angličtina

Název v původním jazyce

THE IMPACT OF MICROFINANCE FOR SUPPORTING REFUGEE ENTREPRENEURSHIP IN EUROPE: AN ECONOMIC AND SOCIAL DEVELOPMENT PERSPECTIVE

Popis výsledku v původním jazyce

The main aim of this research paper is to analyse the effectiveness of microfinance in supporting refugee entrepreneurs in Europe. Refugees are often not economically strong enough in their host countries to start new businesses; they mostly depend on government funds. However, they aspire to become entrepreneurs to improve their economic conditions and reduce their dependency on government assistance. At the same time, it will enable them to contribute to the host country's economy. This paper focuses on the theoretical background of microfinance programs and their importance in poverty reduction. It reviews existing literature on microfinance programs and demonstrates how they could contribute to the host country's social and economic development. To create refugee entrepreneurs, the primary need is to provide financial support, but they often have limited access to the traditional banking system. Therefore, microfinance programs can be a viable solution to this problem. However, the main objective of this research is to determine if they are receiving sufficient support from microfinance institutes. In this research, secondary data collected from the European Microfinance Network Survey Report 2022 were used. This paper emphasizes job creation by providing more business loans than personal loans. According to secondary data, banks and NGOs are focusing on existing business development and job creation. In this research, we can see that MFIs have a great impact on creating new jobs, but unfortunately, they have less focus on refugee entrepreneurs. Nevertheless, this group has the potential to be a valuable target.

Název v anglickém jazyce

THE IMPACT OF MICROFINANCE FOR SUPPORTING REFUGEE ENTREPRENEURSHIP IN EUROPE: AN ECONOMIC AND SOCIAL DEVELOPMENT PERSPECTIVE

Popis výsledku anglicky

The main aim of this research paper is to analyse the effectiveness of microfinance in supporting refugee entrepreneurs in Europe. Refugees are often not economically strong enough in their host countries to start new businesses; they mostly depend on government funds. However, they aspire to become entrepreneurs to improve their economic conditions and reduce their dependency on government assistance. At the same time, it will enable them to contribute to the host country's economy. This paper focuses on the theoretical background of microfinance programs and their importance in poverty reduction. It reviews existing literature on microfinance programs and demonstrates how they could contribute to the host country's social and economic development. To create refugee entrepreneurs, the primary need is to provide financial support, but they often have limited access to the traditional banking system. Therefore, microfinance programs can be a viable solution to this problem. However, the main objective of this research is to determine if they are receiving sufficient support from microfinance institutes. In this research, secondary data collected from the European Microfinance Network Survey Report 2022 were used. This paper emphasizes job creation by providing more business loans than personal loans. According to secondary data, banks and NGOs are focusing on existing business development and job creation. In this research, we can see that MFIs have a great impact on creating new jobs, but unfortunately, they have less focus on refugee entrepreneurs. Nevertheless, this group has the potential to be a valuable target.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název statě ve sborníku

DOKBAT 2023 - 19th International Bata Conference for Ph.D. Students and Young Researchers

ISBN

9788076781948

ISSN

—

e-ISSN

—

Počet stran výsledku

11

Strana od-do

505-515

Název nakladatele

Tomas Bata University in Zlín

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

1. 1. 2023

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

—