Microfinance as a Mechanism against Financial Exclusion in the European Rural Areas – an Inspiration for the Czech Republic

Q2 Economics, Econometrics and Finance

Agris On-line Papers in Economics and Informatics Pub Date : 2021-12-30 DOI:10.7160/aol.2021.130406

G. Chmelíková, A. Krauss, F. Lategan

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Abstract

One of the factors influencing the emergence of disparities between rural and urban regions is the varying level of financial inclusion of the population. The system of microfinancing is becoming an important mechanism against poverty and social exclusion in Europe. However, there is available very limited legal, regulatory and historical information on the microfinance system in the Czech Republic. As a result, microfinance institutions are absent and small entrepreneurs tend to use expensive consumer credit products, thereby increasing the risk of over-indebtedness. The aim of this research is to examine the repayment performance of the European microfinance institutions with increased share of clients from rural areas. Based on an empirical statistical analysis of an unique European microfinance institutions´ database, we are presenting evidence that suggests that microfinance systems perform better in rural than in urban areas. This finding is strongly recommended for consideration in the development of policies to guide legal frameworks regarding microfinancing.

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小额信贷作为一种对抗欧洲农村地区金融排斥的机制——对捷克共和国的启示

影响城乡差距出现的因素之一是人口普惠金融程度的不同。小额信贷制度正在成为欧洲消除贫困和社会排斥的重要机制。但是，关于捷克共和国小额信贷制度的法律、规章和历史资料非常有限。因此，没有小额信贷机构，小企业家倾向于使用昂贵的消费信贷产品，从而增加了过度负债的风险。本研究的目的是检查欧洲小额信贷机构的还款表现，从农村地区的客户份额增加。基于对一个独特的欧洲小额信贷机构数据库的实证统计分析，我们提出的证据表明，小额信贷系统在农村地区的表现优于城市地区。强烈建议在制定政策以指导有关小额融资的法律框架时考虑这一结论。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Agris On-line Papers in Economics and Informatics Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

2.20

自引率

0.00%

发文量

期刊介绍： The international journal AGRIS on-line Papers in Economics and Informatics is a scholarly open access, blind peer-reviewed by two reviewers, interdisciplinary, and fully refereed scientific journal. The journal is published quarterly on March 30, June 30, September 30 and December 30 of the current year by the Faculty of Economics and Management, Czech University of Life Sciences Prague. AGRIS on-line Papers in Economics and Informatics covers all areas of agriculture and rural development: -agricultural economics -agribusiness -agricultural policy and finance -agricultural management -agriculture''s contribution to rural development -information and communication technologies -information and database systems -e-business and internet marketing -ICT in environment -GIS, spatial analysis and landscape planning The journal provides a leading forum for an interaction and research on the above-mentioned topics of interest. The journal serves as a valuable resource for academics, policy makers and managers seeking up-to-date research on all areas of the subject. The journal prefers scientific papers by international teams of authors who deal with problems concerning the focus of our journal in the world-wide scope with relation to Europe.