|
|
Mikrofinance v Mongolsku a v Centrální Asii
Turbat, Batbayar ; Janda, Karel (advisor) ; Leová, Simona (referee)
The theoretical literature on Microfinance claims that Microfinance methodology can help alleviate the poverty. Mongolia is one of the countries where Microfinance is implemented and said to be successful in building a deeper and broader access to financial services. The purpose of this paper is to investigate how well Microfinance is being implemented in Mongolia and what the current practice is and, most importantly, how well the microfinance methodology works. In order to answer the last question, data collected from the proximity of the Central Asian Region including Mongolia was used. Nowadays there are number of microfinance institutions operating Mongolia such as Xacbank, Credit Mongolia. Despite the previously informal microfinance bodies such pawnshops, it appears that there was still some room on the market for Microfinance to fit in. The achievements of these Microfinance institutions are remarkable given Mongolia's extremely low population density and weak infrastructure. Research on the effectiveness of microfinance methodologies are in demand. Therefore, this paper offers research on microfinance practices such as group lending, rural lending and targeting women as well. A panel data of 90 microfinance institutions in 8 countries from the region was used. The result is rather mixed. Targeting women and lending to the rural customers seem to be working. However, group lending is found to be increasing portfolio risk and while having no effect on the financial revenue and the profitability.
|
|
|
Microfinance in Mongolia
Turbat, Batbayar ; Radová, Jarmila (advisor)
During the economic and political transition, Mongolia suffered from high structural unemployment. Therefore the government of Mongolia implemented the National Poverty Alleviation Program which aimed at poverty alleviation through encouraging the establishment and development of the micro entrepreneur activities. This above all required easy and affordable access to financial services. Microfinance is described as a broad range of financial services such as deposits, loans, payment services, and insurance to the poor and low-income households and micro-enterprises. Using methodologies, which are unique to it, microfinance aims at supporting entrepreneurial activities and improving the living standard of these households.
|
guest ::
