Fabiha 6 Id: 1001666
Submitted in partial fulfilment of the requirements for the Degree of Masters in Social Technology
Major Subject: International Business & Entrepreneurship
School of Glasgow Glasgow, United Kingdom August, 2011
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This thesis came to be largely through the friendly cooperation received from microfinance institutions throughout Europe. My spouse and i am thankful to the Euro Microfinance Network and its people for their wide open hearts and their eagerness to find the fruits with their collaboration with me. My supervisor, Dr . Duncan Ross, provides seen this project develop from its extremely beginnings to its incredibly end. His enthusiasm regarding the topic I chose to research great support in the conclusions We began to draw motivated and comforted me throughout the thesis writing process. In our group meetings, he helped me to improve my thinking about the topic, to get the right inquiries to ask, also to produce the very best dissertation I can. I also extend my own gratitude towards the following individuals that kindly assisted me in the research trip: Daniel SORROSAL European Microfinance Network Ian BEST Community Development Financing Association Lars HEKTOEN Saggezza Bank Martin FERRY PrinceвЂs Scottish Youth Business Trust Maria DOICIU Eurom Agency Eva FARAGГ“ Fejer Organization Agency Pauline IRWIN O'TOOLE First Step Vedrana FERRI LOKMIKRA Joyce Kimwaga LUNDIN NEEM - Network for Business people from Cultural Minorities David SCHURJIN ACAF (The Affiliation for Communities) Self-Financed
Gill MUSK The International Relationship for Community Development
My spouse and i learned an immense amount from them through interviews. My own dissertation aims to represent the knowledge I collected in order to color an accurate photo of the microfinance industry in several countries. Last but not least, I would like showing my gratitude to my family and good friends for their frequent motivation and support throughout the process.
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LIST OF ABSTRACT ACAF: The Association pertaining to Self-Financed Areas BRAC: Bangladesh Rural Growth Committee CDFA: Community Development Finance Connection CDFIs: Community Development Finance Institutions CEE: Central and Eastern European countries CGAP: Consultative Group to support Poor EIF: European Investment Fund EMN: European Microfinance Network EUROPEAN: European Union IACD: The Foreign Association intended for Community Advancement JASMINE: Joint Action to support microfinance establishments in The european union JEREMIE: Joint European Resources for Micro to Medium Businesses MFIs: Microfinance Institutions NBFI: Non Traditional bank Financial Institution NEEM: Network intended for Entrepreneurs of Ethnic Minorities NGO: Non Government Business PSYBT: PrinceвЂs Scottish Youngsters Business Trust UK: Uk
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SUBJECTIVE This analyze explores the traits of microfinance industry in European countries. It emphasizes on the distinctions within the industry between Western and East Europe along with the current issues and problems that it is facing currently. That entered the European industry in late eighties but the industry experienced a remarkable growth coming from 1997 till now. Continue to in many countries microfinance is experiencing its own identity. The newspaper discusses the microfinance as a whole and also within the countries. There are numerous key issues have been discovered through the examine such as belief of the business within the areas, government engagement, competitiveness, dangers and issues etc . The industry can be analysed through secondary and first research in the paper. One of the major research results is - Western The european union microfinance establishments (MFIs) are definitely more engaged in sociable development while financial development is the main plan for Far eastern European MFIs. Sustainability remains the biggest concern for the industry, subsequent to the great social performance. Social shareholders are the main sources of money in Western region when...
References: Brau, J. C and Woller, G. M, 2004, Microfinance: A comprehensive literature review 9 (1), l 1-26 Dell, G. 2004, Microfinance in Europe, (November) Evers, J, Lahn, H. Nowak, Meters, 2007, Microfinance in Philippines and European countries: Market Summary and guidelines examples, European countries (April) Evers, J. and Jung, M, 2007, Position of microfinance in American Europe- an academic assessment, EMN Issue paper, s 1-36 Ehmke, C., Fulton, J and Akridge, L unknown, Sector Analysis: Five forces Fenger, H. J. M, 2007, Welfare routines in Central and Far eastern Europe: Adding postcommunist countries in a welfare regime typology, (August), p 1-30 Forster, S., Greene, J. and Pytkowska, T., unknown, in Central and Eastern Europe and the Fresh Independent Claims Hartarska, V, 2004, Governance and Performance of Microfinance Institutions in Central and Far eastern Europe plus the newly independent states, (April), p 1-34 Jackson, A. M., Ortega, D. V. S., Karp, N., unfamiliar, A Symbol of Older Underbanked and Unbanked Consumers A Family portrait of Older Underbanked and Unbanked Consumers: Findings via a Countrywide Survey Jayo, B, Gonzalvez, A and Conzett, C. 2010, A summary of microcredit sector in Europe 2008-2009 Jayo, B., Rico, H., Lacalle, M., Lum, N. N., 08, Overview of microcredit sector in European Union 2006-2007, EMN operating paper, s 1-68 Karlan, D. and Goldberg, In, 2007, Impact Evaluation for Microfinance: Overview of Methodological Issues, p 1-37 Kneidling, C. and Kritikos, A, unidentified, Microfinance in Eastern and Western The european union: A comparison Analysis, (09) p 1-19
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Loncar, D and Novak, C, 2009, Global recession and lasting development: The case of microfinance industry in Eastern The european countries, World Nef, 2007, Review of microfinance sector in Traditional western Europe, EMN working Paper Unknown, Durability of Microfinance in Europe, Europe, 2009 Unknown, survey 1: Cultural and Economic exclusion map, European Expense Fund s 1-87 Unfamiliar, report 2: key restrictions, challenges and policy tips, European Expense Fund, s 1-62 Unknown, report three or more: Benchmark and gratification measurements, Western european Investment Account, p 1-36 Unknown, statement 4: Ground breaking approaches and products for combating monetary exclusions, Western european Investment Pay for, p 1-113 Unknown, year 1994, PorterвЂs your five forces revisited, Scandinavian Record of Administration, 10 (4), p 1-8 Unknown, 2009, Microfinance Sector in ECA in 2009, 48(22), p 1-22 Unknown, 3 years ago, Overview of microfinance sector in Western The european union Valadez, R. and Buskirk. B, unfamiliar, From microcredit to microfinance: a business point of view, p 1-17 Werker, Elizabeth. and Ahmed, F, 2008, What do non governmental companies do, (2), p 73-92 Wydick, B., 2002, Microfinance among the Cyber: Tracking the Progress of Borrowers, 33(3), p 489-509
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Websites: Mind Based Expertise, MicroCredit Corporations Modernizes Microfinance Inst itut ion Loaning Policies, Offered by http://www.brainbasedbusiness.com/PressReleases/release6987.php [Accessed upon August 02, 2011] CGAP Progressing financial developments to worldвЂs poor, 2011, Available at http://www.cgap.org/p/site/c/home/ [Accessed on Come july 1st 15, 2011] Community Development Financial Association, 2010, Available at http://www.cdfa.org.uk/ [Accessed on Come july 1st 15, 2011] Western european Microfinance Network, 2007, Sold at http://www.europeanmicrofinance.org/index2_en.php [Accessed in July 01, 2011] Microfinance Data Exchange, unfamiliar, Available at http://www.mixmarket.org/ [Accessed on Come july 1st 5, 2011] Nuwire Investor, 06\, Microfinance Establishments Review, Offered at http://www.nuwireinvestor.com/articles/microfinance-institution-reviews-51486.aspx [Accessed upon July twenty, 2011] Power payday advance, 2011, Precisely what is usury legislation, Available at http://www.powerpaydayloan.com/whats-a-usury-law.aspx [Accessed on September 20, 2011] TheManager, Available at http://faculty.msb.edu/homak/homahelpsite/webhelp/Five_Forces_-_Porter_-Critique.htm [Accessed on September 10, 2011]
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Ebooks Balkenhol, W. 2007, Microfinance and Community Policy, one particular st edition, Hampshire, Palgrave Macmillan Johnson, G., Scholes, K. and Whittington, L. 2008, Checking out Corporate Strategy, 8 a edition, Prentice Hall Malhotra, K. N. and Leje, E. D, 1999, Promoting Research: a great applied strategy, 3 rd edition, Britain, Pearson Education Ltd
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