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Microcredit in Developed Countries: the Case of Quebec
Griss-Trempe, Nicolas ; Janda, Karel (advisor) ; Bauer, Michal (referee)
Microcredit in developed countries behaves in a di erent way than in developing countries. Not only are there bigger obstacles to surpass, like regulation and heavy competition, but also the main driver for microcredit, peer pressure, is almost inexistent. Microcredit institutions turn to a di erent technique to ensure high repayment rates; they follow the loan using training and weekly meetings. However, this procedure has high costs and the institutions must plead for donations from public and private gures. Ensuring these donations come with higher repayment rates. Thus, we will observe which characteristic of a group loan has a positive or negative impact on the repayment rates using data from the Quebec institution of the RQCC. These variables range from gender to training hours and will be regressed using stata.
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Microfinance institutions: an empirical study from Moldova
Gorgan, Roman ; Streblov, Pavel (advisor) ; Mejstřík, Michal (referee)
The present master thesis deals with non-banking microfinance institutions and examines its abilities and role in the poverty alleviation process. It is more than necessary to pay attention to the rural sector and its development as any successful transition of the economy requires transition of the rural sector as well. In many transition economies people in the rural areas continue to live on the edge of poverty, engaged in subsistence agriculture and remain susceptible to wide range of shocks. In such countries rural population unlike urban one did not benefit to the same extend from transition and need special attention and supporting policy measures. Due to low penetration rate of microfinance institutions into rural areas, lacking or insufficient size of collateral, financial illiteracy many poor but active man face problems to obtaining finance for the development of new income opportunities. In this context the master thesis emphasizes the role of savings and credit associations, which unlike the commercial banks operate mainly in rural sector, have the most significant effect on poverty alleviation. Finally, the author analyses the activity of 3 non-banking microfinance institutions of the Republic of Moldova and uses publicly available data to calculate the outreach, efficiency and...
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Importance of Guarantee funds in Microfinance
Němečková, Dagmar ; Procházka, Pavel (advisor) ; Řežábek, Pavel (referee)
Microbusiness is recognized as an important tool for economic growth especially in less developed countries. It is supposed that a lack of access to capital is one of the most prominent constraints of microentepreneurs. To address this limitation, many forms of loan guarantee programs have been established. This paper examines what demands are placed on an effective guarantee structure in this field and how these aims are accomplished by the current guarantee funds. In conclusion, the access to capital is getting better recently in these countries. Guarantee funds have been growing, however, their importance is not so significant yet. Guarantee funds have a potential to draw an attention of investors to microlending but the cost of these schemes seems to be too high.
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The importance of geographic access for the impact of microfinance
Alimukhamedova, Nargiza ; Filer, R. K. ; Hanousek, Jan
The geographic distance between a household and financial institutions may constitute a significant obstacle to achieving the benefits of modern financial institutions. We measure the impact of distance-related access to microcredits in Uzbekistan. Residents living closer to microfinance institutions are propensity score matched to those further away using both household and village characteristics. Households located nearer to microfinance institutions have larger businesses in terms of income, profits and employees than similar households located further away. In addition, they spend more on most forms of consumption and have greater savings.
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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.
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Microinsurance
Korčáková, Eva ; Ducháčková, Eva (advisor) ; Rybák, Zdeněk (referee)
This bachelor thesis deals with microinsurance as a segment of the microfinance industry. The aim of the thesis is to introduce the reader to the basic aspects of this field. To do so, the thesis is divided into 5 chapters. Each of the chapters is dedicated to a different aspect of microinsurance. The first charter incorporates microinsurance into microfinancing and briefly describes its genesis. The second chapter is dedicated to microfinance institutions and other organizations which address this issue. The third chapter aims to assess means of distribution of microinsurance products among the poor. Next chapter describes basic microinsurance products, their advantages and disadvantages and their effectiveness. The last chapter is focusing on recent development of microinsurance around the world and in three specific countries -- India, Kenya and Haiti.
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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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Dreams and Present Reality of Microfinance
Bizoňová, Jana ; Ducháčková, Eva (advisor) ; Daňhel, Jaroslav (referee)
Microcredit is now regarded as one of the most effective weapons in the fight against the poverty. The word "microfinance" itself became worldwide known in 2006, when both Muhammad Yunus and the Grameen Bank were awarded the Nobel Piece Prize. The thesis aims to provide a complex picture of the microfinance pioneer Muhammad Yunus, the emergence of modern microfinance as well as different approaches to microfinance. These subtasks are used to fulfill the main goal of this work - to acquaint a reader with the main differences between the original concept of microfinance and its present practice.
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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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The issue of microfinance in developing countries
Husarová, Lucie ; Burgerová, Jiřina (advisor) ; Chalupníček, Pavel (referee)
My work will be focus on analyzing the development of microfinance. Firstly, I will describe the main features of the developing countries. In the next chapter I will near what microfinance is, how does it works, who serves. The main part of the work will be focus on the description of the development and shift in paradigm of microfinance and approaches to microfinance. Then I will describe the initial development of some major microfinance institutions. Furthermore, I will address the demand and the supply of microfinance. At the end of the work Iwill mention the impact of the crisis on microfinance.
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