Microrofinance – a possible anticrisis measure?

Laura Giurca Vasilescu

Finante - provocarile viitorului (Finance - Challenges of the Future), 2009, vol. 1, issue 10, 127-131

Abstract: Microfinance activity is recognized – at the level of European institutions and member states - as an area with a significant impact on entrepreneurship, economic growth and social inclusion. But the market of this important financing source for disadvantaged entities still have imperfections, mainly due to costs involved, the lack of collateral and lack of national regulations. Also the effects of international financial crisis were felt in the microcredit field. In this context, the European Commission launched new programs (JEREMIE, JASMINE program; the SME Guarantee facility, micro instrument Progress) that can provide opportunities to improve the micro-credit activity in Europe.

Keywords: microfinance; microcredit activity; small and medium enterprises (search for similar items in EconPapers)
JEL-codes: D01 G01 G20 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2009:i:10:p:127-131

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