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Analysis of consumer loans in terms of APR with focus on microcredit
Hesová, Alžběta ; Radová, Jarmila (advisor) ; Fleischmann, Luboš (referee)
The thesis is focused on consumer loans either from a regulatory standpoint including comparison of two legislative resources and from practical view focusing on real-life examples from Czech banking and non-bank providers. The main focus of analysis is to determine the impact of credit parameters on the APRC. Considerable portion of the thesis is dedicated to a specific area of consumer loans, microcredits. Even here the primary aim is the regulation of microcredits, the providers participating in the administration of microcredits and the calculation of the impact of principal, maturity and costs of credit on the APRC.
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Výhody a nevýhody mikroúvěrů v případě Chile
Bellon, Fotis ; Gutiérrez Chvalkovská, Jana (advisor) ; Inostroza Pino, Luis Ernesto (referee)
The aim of this thesis is to contribute to the debate on microfinance commercialization, using the case of Chile. Another purpose of this thesis consists in mapping the field of microfinance in Chile. The hypothesis that is examined in this study is whether the commercialization of microfinance in Chile has brought opportunities and trade-offs with respect to poverty alleviation in the country. The methodology used in order to gain understanding of several aspects of commercialization of the microfinance sector in Chile is descriptive statistics accompanied by a qualitative analysis of the demand side of microfinance. To this end, interviews were conducted with several microfinance institutions and specialists. The results of the study indicate that the commercialization of microfinance in Chile has indeed brought opportunities and trade-offs with respect to poverty alleviation in Chile. Two opportunities that this study defines, are the increase in the scale of outreach and the increase of geographical outreach. Secondly, in contrast to these opportunities, a tendency for the commercialized microfinance institutions to pay less attention to the poorest segment of the Chilean population, is defined as a trade-off of the commercialization of microfinance.
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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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Microcredit as an instrument for escape from circle of poverty
Gúth, Ondřej ; Šaroch, Stanislav (advisor) ; Zapletal, Petr (referee)
The main goal of this paper is to analyse the capability of microcredit to meet the expectations of poverty reduction in the world. Firstly, these expectations are demonstrated and rationalised on the case of Grameen Bank. This paper then continues by enquiring after desinterested proof of positive effects of microcredit on poverty reduction by analysing several case studies conducted in different parts of the world. Last part of the paper analyses recent crises of microfinance, downsides of microcredit and the risks for their receivers.
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Microfinance and microcredit in developing countries
Harmincová, Zuzana ; Zetek, Pavel (advisor)
The main aim of the baccalaureate thesis is to summarize the available knowledge in the field of microfinance and microcredit in developing countries and assess the effectiveness of microfinance institutions sorted by type. The thesis also deals with the increased incidence of moral hazard on both sides of microfinancial services, resulting in a considerable emphasis on barriers to entry the microfinancial market, regulation and supervision of microfinance institutions and an appropriate legislative framework. Despite the fact that previous research works of the impact of microfinance on the standard of poor inhabitants' living are mainly focused on the economic side of the issue, the thesis assesses the impact of microfinance on the other (e.g. social) aspects of life. In accordance with quantity of published research documents, author states higher efficiency declared by non-profit microfinance institutions, as well as greater social benefit of such institutions and organizations.
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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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Microfinance and economic crisis
Vlčková, Petra ; Mládek, Josef (advisor) ; Štěpánek, Pavel (referee)
This thesis deals with microfinance in developing countries. The first part of the work provides basic information of the origin, history and the principles of microfinancing. Another part of the work describes the various ways and possibilities of providing microfinance services, provides and compares concrete examples of microfinance institutions. Bachelor's thesis also offers informations about how to measure the effectiveness of microfinance institutions and their new alternatives. The aim of this work is to see how the current economic crisis affects individual microfinance services providers. The conclusion summarizes the findings.
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Neverending african way out of vicious circle of poverty
Schwarzová, Markéta ; Písař, Pavel (advisor) ; Loužek, Marek (referee)
In my baccalaureate thesis I would like to analyze the effeciency of existing develompent assistance to the poor countries (based on Africa). I will evaluate the results of the policy of The International Monetary Fund and World Bank, and review their contribution to the critical situation in these countries. I will also address the denying of the theory of the "vicious circle of poverty" and outlining a possible solution for Africa helping it to fight the poverty -- in the form of microcredits. I would like to emphasize the fact that "develompent assistance " might be a misleading yet powerful term. It is misleading because it is not a voluntary assistance, and according to the latest results it is not even an effective assistance. It is more negative and this negates the meaning of the word " assistance ". It is powerful with respect to a question to whom exactly this "development assistance " helps -- if it is not to the people of developing countries for whom it is intended? And why instead of searching for another way to fight the poverty immense amounts of money are spent although the history proves that this kind of help has negative influence to the economies of developing countries and in reality it harms more than it helps.
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