|
|
Microfinance development in the Russian Federation - comparative analysis with India
Posvyanskaya, Alexandra ; Šaroch, Stanislav (advisor) ; Musiyenko, Svitlana (referee)
The main goal of this paper is to evaluate microfinance sector in the Russian Federation through its comparison with the sector in India. Using the comparison method the paper analyses causes and prospects of microfinance development in both countries and identifies current trends and key challenges the sector is facing. The first part of the paper provides theoretical background: it defines basic definitions, actors and historical context of the sector's origins according to the founder of microfinance - Bangladeshi economist Muhammad Yunus. The second part is devoted to the major realities of microfinance in India, including actors, models of microfinance delivery and key challenges the industry is dealing with. The third part is a case study, which illustrates the state of microfinance in Russia primarily by means of final comparison.
|
|
|
Do Microfinance Institutions Still Have Their Place at the Development Aid Market After Thirty Years
Vaněčková, Markéta ; Vostrovská, Zdenka (advisor) ; Loužek, Marek (referee)
The objective of this thesis is to evaluate, whether microfinance are a suitable instrument for development aid. It maps the factors that caused the microfinance crisis in 2008 to 2010 and validates the proposed reform measures. It describes and compares the effeciency and results of microfinance substitutes in the field of development aid, which are governmental, non-governmental and commercial programmes with similar objectives declared. It also analyses data from 2008 to 2014 from the point of view of social indicator reporting and acceptance of the new concept among microfinance institutions. Conclusion is reached based on these three components: ability to reform microfinance, possibilities of other programmes and situation in social reporting. Microfinance isn´t a suitable instrument for poverty reduction as such, but serves as a complement to provide for development of poor regions and financial inclusion of poor inhabitants.
|
|
|
Risk management in microfinance institutions
Batin, Artyom ; Brůna, Karel (advisor) ; Šíma, Ondřej (referee)
In the following paper I have tried to find the correlation between type of ownership and effective risk management in the operations of microfinance institutions in India. The results found are consistent with the current findings of how the type of ownership does not impact both the financial or social performance of MFIs. Dataset of 72 MFIs was acquired from the Microfinance Information Exchange on MFIs and evaluated using an OLS regression. The results show that the type of ownership insignificantly impacts both the credit and liquidity risk ratios of MFIs. It is possible that the impact of ownership type is more evident in other aspects of operations. In the future, a study on type of ownership and exposure to strategic and market risks could be a way forward.
|
|
|
Efektivnost mikrofinančních institucí v Latinské Americe a Asii
Zetek, Pavel ; Witzany, Jiří (advisor) ; Srnec, Karel (referee) ; Alimukhamedova, Nargiza (referee)
The first chapter provides a comprehensive overview of microfinance academic literature with emphasis on recent innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization, regulation, interest rate policy and the balance between outreach and performance of MFIs. The next chapter especially investigates the role of public expenditures and general government debt in microfinance performance in Latin America and the Caribbean. Microfinance institutions finance their business activities primary with clients' deposits, equity or with external funding. The aim of the third chapter is to verify whether the external funding, macroeconomic development and the size of banking sector have some impact on a microfinance performance. This study investigates, as well, the possible reasons why many microfinance institutions have gradually experienced a decrease in the share of female borrowers in their portfolios over the last few years. The final chapter is focused on the impact of macroeconomic environment and internal variables of the microfinance sector on microfinance interest rates.
|
|
|
Analysis of Relations between Financial and Social Indicators in the Microfinance Sector
Kovář, Radoslav ; Řezanková, Hana (advisor) ; Vrabec, Michal (referee)
Quantitative reporting of both financial and social performance of microfinancial institutions has significantly progressed in the last decade. Compatibility of financial and social goals in this sector has been evaluated in a growing number of papers, including this bachelor thesis. Description of data and of statistical methods (linear regression analysis and ANOVA) is followed by a detailed presentation of each model. The central part of this thesis consists in fitting the corresponding regressions and interpreting the results. The influence of certain social indicators on a typical cost structure and financial sustainability as well as the influence of certain financial indicators on social targeting was verified. Investors and donors could base their decisions on these results provided a thorough cross-checking on larger data samples. The common origin of all linear regression tests in the Wald test is also proved in this thesis.
|
|
|
Economic Development and Fight against Poverty in Kenya
Osičková, Martina ; Stuchlíková, Zuzana (advisor) ; Pavlík, Petr (referee)
The thesis discusses economic development and fight against poverty in Kenya.The aim is to prove that the development assistance is not the the main incentive for the economic development in Kenya and the kenyan government should focus on alternative development paths. The paper tries to analyze development assistance and to find arguments against it, describes other forms of capital inflow, such as foreign trade, foreign investment and microfinance. The first chapter defines the basic concepts and puts the arguments for and against development aid. The second chapter discusses alternative paths of development. In the third chapter the paper starts with the analytical section where political and economic situation in Kenya, development aid and business environment are analyzed. The importance of foreign trade, foreign investment and microfinance is demonstrated. The last chapter analyzes the selected microfinance institutions in Kenya and it contains a case study from the field.
|
|
|
New trends in microfinance
Monyoková, Dominika ; Zetek, Pavel (advisor) ; Matejašák, Milan (referee)
This bachelor thesis deals with the issue of microfinance, with an emphasis on certain trends in this sector. Previous findings describing the origin, meaning and the basic characteristics of the microfinance sector, which this market actually differ from the other business models, are summarized in theoretical part. Practical part is focused on selected region of Asia. Detailed analysis examines certain trends in microfinance development, especially the range of products, method of financing, risk level of operations and financial efficiency. In conclusion, the findings show that despite the considerable development of microfinance sector, the market still faces many challenges.
|
|
|
Importance of microfinance for development in Central Asia
Pavlíček, Jiří ; Šaroch, Stanislav (advisor) ; Kašpar, Václav (referee)
Diploma thesis aims at analysing impacts of microfinance on economimies of particular countries in Central Asia region. Kyrgyzstan, Tajikistan and Kazakhstan were chosen for the analysis. First part of the thesis characterizes socioeconomic development and situation in selected countries. Second part of the thesis analyses specific form of microfinance and governments' attitude to this area of financial sector. The last part of the thesis compares impacts of microfinance on chosen economies with each other. It also deals with comparation of microfinance system in Central Asia and vision of Muhammad Yunus, pioneer of modern microfinance.
|
|
|
Microfinance - interregionální komparace
Harmincová, Zuzana ; Janda, Karel (advisor) ; Zetek, Pavel (referee)
In the introduction of the master thesis, the historical development and the reasons for the emergence of microfinance are described. The thesis focuses on comparison of the functioning of microfinance in various developing regions of the world, as well as on the analysis of the overall functioning, effectiveness, strengths and weaknesses, potential threats and opportunities in the microfinance markets. The conclusion offers several possibilities and insights on how microfinance could be more efficient in financial terms. The thesis also presents a brief evaluation of the benefits of microfinance and based on findings provides a prediction of further development of microfinance.
|
|
|
Microfinance sector in Latin America with the focus on Mexico
Žiaková, Silvia ; Pavlík, Petr (advisor) ; De Castro, Tereza (referee)
This master thesis deals with the theme of microfinance as a modern form of development aid in the world and analyzes the microfinance sector in Latin America, with a sharper focus on country Mexico. The work is divided into four chapters, which tries to answer two predetermined hypotheses. The first chapter is devoted to the question of poverty and the definition of microfinance and microfinance institutions. The second chapter focuses on microfinance as an investment opportunity for investor and describes the typical recipient of microloans. Another section is specifically focused on the analysis of the microfinance sector in LA and Mexico from year 2007 to 2012. At the end of the work are presented selected MFI in Mexico: the MFI FINCA and MFI Pro Mujer.
|
guest ::
