Microfinancing in SMEs Development, Evidence from Serbia

Kovačević, Vladan and Beslac, Milan and Vukosavljević, Dejan and Grozdanić, Radmila (2014) Microfinancing in SMEs Development, Evidence from Serbia. Journal of Women's Entrepreneurship and Education (1-2). pp. 92-116. ISSN 1821-1283

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Abstract

SMEs constitute the backbone of entrepreneurship in the EU, as well as in
Sough Eastern countries, as Serbia is, irrespective of national boundaries. From
all enterprises active in the non-financial business sector in the European Union
and in Serbia over 99 % are SMEs, but more than 92% of the total business sector
consists of micro enterprises, which employ fewer than 10 persons. The ability of a
financial system to reach these small entities is crucial for the achievement of
general socio-economic improvement. Based on data of EU Craft and SME
barometer (UEAPME), National Bank of Serbia, interviews of micro enterprises,
EMN survey report, in the paper are discussed issues of the practice of micro
financing and lenders experience, as well as the micro- financial services demand
of specific target groups: small enterprises, entrepreneurs, small farmers, social
enterprises, and supply potentials, and typical providers. The contribution of the
paper are assessments on potential of the Serbian banking market, especially
when it comes to micro-businesses and farmers in the rural areas which are underserved by other banks, and suggested essentials for a successful further market building in the purpose of SMEs development.

Item Type:	Article
Additional Information:	COBISS.ID=207721228
Uncontrolled Keywords:	mcrofinancing, social inclusion, institutions, SME
Research Department:	?? H1 ??
Depositing User:	Jelena Banovic
Date Deposited:	10 Jun 2016 12:27
Last Modified:	10 Jun 2016 12:27
URI:	http://35.240.28.64/id/eprint/526
Author Links:	[error in script] No links available.

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