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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

Agris On-Line Papers in Economics and Informatics

ISSN

1804-1930

e-ISSN

—

Svazek periodika

13

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

9

Strana od-do

61-69

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85123088642