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Vliv mikrofinancování na vybrané ukazatele socioekonomického rozvoje v subsaharské Africe
Štěpáníková, Veronika
The aim of this thesis is to analyse the impact of microfinance on selected socio-economic development indicators in Sub-Saharan Africa. Research was examined through panel data analysis from 2009 to 2014. The theoretical part provides an overview about sub-Saharan Africa, microfinance and its principles, socio-economic development, exploratory indicators and about statistical methods. The analytical part analyses research data through deviate test, descriptive characteristics, cluster analysis and canonical correlation analysis.
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Commercialization in Microfinance
Švenka, David ; Chytilová, Julie (advisor) ; Kracík, Jiří (referee)
This thesis is focused on commercialization in microfinance. Particularly on one of its possible negative impacts - the mission drift. Microfinance could be described as a useful financial tool that makes it possible to provide banking services, usually small loans and deposits, to rural poor people who live in places where it is hard to access the traditional banking sector. Commercialization of microfinance institutions means that the MFIs seek for commercial ways of funding. This usually happens when, for instance, some of the microfinance NGOs transforms into regulated commercial entity. Mission drift is then a situation when the microfinance institutions (MFIs) commercialize and abandon some of their poorest clients in order to pursuit some non-social goal such as sustainability or profitability. Therefore the MFIs drift from their original mission which is usually to fight the poverty. So far, there has not been conducted a lot of research on this topic. Furthermore, neither the microfinance experts agree with each other about the existence of mission drift. Therefore the main goal of this thesis is to closer inspect the mission drift on data from the MIX database. To do this we have used the regression analysis, combined with analysis of historical performance of the observed MFIs.
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Online fundraising and microfinance in the context of social networks and Web 2.0
Richterová, Daniela ; Kera, Denisa (advisor) ; Očko, Petr (referee)
Identifikační záznam Richterová, Daniela. On line fundraising a mikrofinancování v sociální síti a na Webu 2.0 [Online fundraising and microfinace in the context of social networks and Web 2.0]. Praha, 2011. 102 s. Diplomová práce. Univerzita Karlova v Praze, Filozofická fakulta, Ústav informačních studií a knihovnictví 2011. Vedoucí diplomové práce Mgr. Denisa Kera, Ph.D. Abstract The main focus of this thesis is to characterize online fundraising and microfinance tools in the context of Web 2.0 and social media. The main goal is to analyze and assess the existing philanthropic portals in the Czech Republic and abroad. The thesis includes a theoretical explanation of terminology, principles and technologies of Web 2.0 and social media platforms and their connection to online philanthropy. New phenomena such as crowdfunding, P2P lending and crowdsourcing are clarified. The analytical part focuses on the evaluation of fundraising portals Network for Good and GlobalGiving and microfinace portals Kiva and LoanBack. Czech philanthropic online projects are represented by Šance pro draha, myELEN, Daruj správně and Skutečný dárek. Particular emphasis is given to monitoring and evaluating the extent of Web 2.0 principles and technologies integration. The conclusions contain suggestions for implementing the findings...
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Analysis of development of the concept of microfinance in the Czech nonprofit sector
Plhoň, Tomáš ; Ochrana, František (advisor) ; Mašková, Pavla (referee)
PLHOŇ, Tomáš. Analysis of microfinance in Czech nonprofit sector. Prague, 2011. 70 p. Diploma work (Mgr.) Charles University in Prague, Faculty of social sciences, Institut of sociology sciences. Department of public and social policy. Supervised by prof. PhDr. František Ochrana, DrSc. Abstract This thesis deals with the concept of microfinance and its development in the Czech nonprofit sector. In the first part the author deals with a brief description of this concept and its historical development over the last fifty years. Followed by analysis of itself, that tries to deal with the fact that despite the rapid global development of this worldwide phenomenon, microfinance in the Czech Republic is still a relatively new phenomenon. Author attempted semi structured interviews to map key players in the industry, discover their interests, attitudes, resources, and their declared objectives. The main point of the analysis is myElen.com, Czech internet portal, which is pretty much the main driver of all the happenings in the field of microfinance in this country. In conclusion the author offers an evaluation of analytical findings and suggests possible future steps to further exploration, as well as recommends the most appropriate steps in policy-making.
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Analysis of publicly listed microfinance equity diversification potential and possible mission drift
Pfeffer, Karel ; Janda, Karel (advisor) ; Čech, František (referee)
MASTER THESIS Analysis of publicly listed microfinance equity diversification potential and possible mission drift Karel Pfeffer 2017 Abstract The objective of this master thesis is to investigate, whether equity of publicly listed Microfinance institutions (MFIs) can be used for portfolio diversification, while these MFIs still maintain its original social mission. To explore these two aspects of publicly listed MFIs, this study is split in two major parts. The first part is focused on the comparison of risk and return characteristics of selected MFIs shares with conventional financial institutions shares and market equity benchmark indices. The analysis indicates no significant diversification potential in publicly listed microfinance equity. The second part of this thesis is exploring the impact of IPO on publicly listed MFIs social outreach. It was found some evidence of a drift from the original social mission among selected MFIs. However, there is not enough evidence to claim that for-profit investment cause long-term significant operational change of MFIs.
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Loan Portfolio Quality of Microfinancial Institutions
Koutná, Barbora ; Zetek, Pavel (advisor) ; Rajl, Jiří (referee)
The first chapter of this thesis is an introduction to issue of microfinance. This chapter is about characteristic, targets and social importance of microfinance loans and about birth and history where microfinance started to help and who is founder of microfinance. There is also describing of today's microfinance market, the distribution and characteristics every single microfinance regions: number of microfinance institution, gross loan portfolio and another main attribute for every region. The aim of next chapter is to review actual trends which are typical for microfinance sector. The most important trends are new products, separation microfinance institutions for profit and non-profit institutions, financial sources, rising regulation of microfinancial institution and changing quality of gross loan portfolio in time. The last chapter is about the quality of loan portfolio selected states from Latin Amerika and Asia where the impact of internal and macroeconomics variables to quality of gross loan portfolio is tested by regression model.
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Transformation of FINCA Programs into Micro-banks and Influence of the NGOs (Mexico, FIPS A.C. and Czechs´activities).
Drašarová, Martina ; Banout, Jan (advisor) ; Irena, Irena (referee)
Microfinance has been seen as a key tool for poverty reduction in developing countries. Target groups of microfinance are very poor people who have no access to any financial resources and need loans. Microcredits help the poor in running their small businesses or in a creation of its own job opportunities. The loans are often embezzlemented, are not financial sustainable in the long term, and are frequently critised. The question is if microfinance is real universal cure and which influence has on elimination poverty and social even economical effect. It also considers a perspective of model preferences focused on business (conditional high interests, possibility to contact intermediaters, gaining easier access into external financial sources) or a charity (more resistant to crisis thanks to using internal financial sources). In general, Latin America has excellent conditions for microfinance; the macro-economic growth which countries in Latin America had shown during the last decades set up advantageous conditions for well-known microfinance institutions and its development. Microfinance sector contributes by its profits to the common financial institutions which have already got a significant position in the market. In principle, Mexico struggles for better conditions for the poorest class of the population and due to this fact offers products of microcredits as the assistance to start-up small businesses. From the economic point of view, Mexico tries to be much more self-sufficient and sustainable. Microfinance institutions earn regularly an undisputed importance in the process of regional expansion, representing a crucial factor in the alleviation of poverty likewise insecurity for large segments of the inhabitants. The work is based on information from relevant sources that can easily identify the current status of microfinance. This thesis researches the microfinancial sector and the program FINCA (Foundation for International Community Assistance), including causing non-governmental organizations in Mexico. The purpose of this paper is to focus on the current situation of functioning microfinance sector in selected Mexican states as well as to identify impacts of microfinance activities in this country. It describes microfinance sector due to its lack of opportunities to gain microcredit. Credit distribution and its awareness about these services is passed. Administrative procedures are difficult and information shortage restricts credit accessibility. This leads more in usage informal sector, based on family members or groups. The paper demonstrates suggestions for improving and operating in this sector that might be involved in legal framework for microfinance in Mexico.
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Analysis of present techniques of audit and social performance in microfinance investment vehicles
Králová, Tereza ; Kožený, Václav (advisor) ; Pánek, Pavel (referee)
This diploma thesis deals with research in global microfinance sector. Currently the paper is focused at techniques of audit used by microfinance investment vehicles to control or to check the transparency or reliability of microfinance institutions. Also, this audit techniques could be used to check achievement of the social goals of microfinance institutions. The analyzed data are from last decade (between 2005 and 2015) provided by microfinance institutions to microfinance web based platform Microfinance Institution Exchange Market. The audit techniques examined in this thesis are the following: due diligence, rating and social performance. This paper insists on objective assessment of all data and information provided freely which relate to audit of microfinance institutions. These data and information are progressively investigated through the whole thesis in two main areas, i.e. quantitative and qualitative. The main objective of this paper is to find the most effective way how to do audit in microfinance or to find out the combination of the available methods.
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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.
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