ANALYSIS OF THE MICROFINANCE MARKET IN ROMANIA

Denisa Popa, Iulia Muresan, Felix Arion, Felix Arion

Abstract


Microfinance activities in Romania started 30 years ago (1992), when the first international microfinance institutions launched programs aimed at supporting the development of the private sector by financing the establishment and development of farms and small businesses in Romania.. The Romanian microfinance sector has evolved at a fast pace and has become more productive and efficient in its mission to provide financial products and development services to farmers and entrepreneurs with limited access to banking financial services. However, the microfinance market is competitive, with microfinance institutions constantly having to adapt their services to customer needs.

 


Keywords


microfinance; crisis; economy; financial servicies

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References


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Copyright (c) 2023 Denisa Popa

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
300645, Timisoara, Calea Aradului 119, Romania

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