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Microfinance and microcredit in developing countries
Hlinková, Soňa ; Zetek, Pavel (advisor) ; Janda, Karel (referee)
The bachelor thesis deals with the fundamental issues of microfinancial sector, describes the birth of the field, priciples of working and defines concrete social benefit for population of the world's poorest regions. Field of interest is also focused on the determination of the main problems of microfinance as well, like high operating costs, lack of regulatory frameworks or an excessive profit greed of investors. The paper continually emphasizes considerable differences between microfinancial and banking sector as well. The significant part is focused on key subjects of the microfinancial market- non-profit and profit microfinancial institutions, which work compares and eventually analyses their efficiency.
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Microfinance and microcredits in developing countries
Adamcová, Eva ; Zetek, Pavel (advisor)
The main objective of the baccalaureate thesis is to compare through selected financial analysis ratios two leading approaches to financing the low-income population of the third world. The first approach is based on financial self-sufficiency of microfinancial institutions, the second is dependent on obtaining grants and donations. It was found out that financially self-sufficient institutions are able to serve more clients and have higher repayment rate on loans than non-self-sufficient institutions, however both types have lower portfolio at risk and write-off ratio than commercial banks. The work also deals with history of microfinance, its benefits such as positive impacts on health and education or possible drawbacks, e.g. abuse of power by group leaders. The globalization of the world's microfinancial system is taken into account in determination of alternative source for financing the microentrepreneurs, namely participation of small investors via internet.
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