CEU Electronic Theses and Dissertations, 2016
| Author | Besic , Radosav |
|---|---|
| Title | Potential Benefits of Microfinance to SMEs in Serbia: Sources of Financial Support |
| Summary | The thesis aim is to examine a potential for new sources of financial support for small and medium size enterprises in Serbia. Through evaluation of the microfinance as a consistent source of financial support for small and medium size enterprises and the investigation of the current system of finance for enterprises in Serbia. The thesis is proposing a change in policy regulations which would allow an alternative financial instrument on the market. The change in necessarily due to the gap in finance, as illustrated in results of the analysis, that financial institutions are more likely to cooperate with the bigger enterprises, leaving the smaller enterprises vulnerable, without other sources of financing. Additional, it is visible a driven practice of banks in considering a collateral of the enterprises as a crucial factor for a loan. Comparing it with microfinance, we can see the much more flexible approach of microfinance, which does not consider collateral as the main feature for crediting the enterprise. Concluding that, microfinance and microfinance institutions are capable of producing a more heterogenic financial market supply. KEYWORDS: Microfinance, Credit, Banking system, Enterprise, Entrepreneurship, Serbia JEL classification – G21, G28 |
| Supervisor | Alessandro De Chiara |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2016/besic_radosav.pdf |
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