scholarly journals Access to finance for small and medium-sized enterprises in North Kosovo

2015 ◽  
pp. 557-569
Author(s):  
Isidora Ljumovic ◽  
Krsto Jaksic
Keyword(s):  
Bank Loans ◽  
Financial Resources ◽  
Access To Finance

The purpose of this paper is to identify the problems small and medium-sized enterprises (SMEs) are facing in Serbian municipalities in North Kosovo. The experience and previous researches show that SMEs, especially those in crisis areas, have a greater demand than supply for financial resources. We have created a questionnaire in order to get relevant data from SMEs in North Kosovo and to assess the shortcomings of the system of financing. Results show that access to finance in North Kosovo is extremely limited. Entrepreneurs and SMEs are usually financed with own resources and with a help from friends or family, while the bank loans are not frequent and are very expensive.

scholarly journals ACTIVITY RESULTS OF LOAN PARTNERSHIPS AND AGRICULTURAL PRODUCERS

2020 ◽  
Vol 1 (383) ◽  
pp. 199-206
Author(s):  
А. К. Zhussupova ◽  
B. S. Utibayev ◽  
G. B. Utibayeva ◽  
D. Т. Ahmetova ◽  
R. М. Zhunusova ◽  
...  
Keyword(s):  
Interest Rates ◽  
Production Efficiency ◽  
Limited Liability ◽  
Point Of View ◽  
Bank Loans ◽  
Financial Resources ◽  
Agricultural Producers ◽  
Financial Condition ◽  
Agricultural Enterprise ◽  
Agricultural Business

The article outlines the issues of financial support provided to agricultural producers through a lending system. The results of the activities of credit partnerships were analyzed using the example of Credit Partnership (СP) Tselinogradskoye Limited Liability Partnership (LLP) in Akmola region and the agricultural enterprise Aktyk Agrofirm JSC. CP Tselinogradskoye LLP provides soft loans and subsidies at interest rates that are much lower than market rates. The performance of the credit partnership, which is ensured by annual monitoring by the CP of the targeted use of bank loans and borrowings, the financial condition of the business entity, as well as their collateral. The relationship of the results of production and financial activities of agricultural business entity and credit unions, reasonable given the specific data of participants who received loans due to improved their operational and financial performance. It is noted that the effectiveness of the use of financial resources, regardless of their structuring and affiliation, is expressed through indicators of productive production activities of the enterprise. It is substantiated that, based on the principles of a systematic approach, the optimization of the structure of the formation of financial resources should be considered from the point of view of interdependence and interaction with production efficiency.

scholarly journals Problems and prospects of financing innovative development in sub-Saharan African countries

2019 ◽  
Vol 2019 (4) ◽  
pp. 59-67
Author(s):  
Tijani Alhassan
Keyword(s):  
Financial Services ◽  
Financial Integration ◽  
Financial System ◽  
Bank Loans ◽  
Sub Saharan Africa ◽  
Financial Resources ◽  
Innovative Development ◽  
African Countries ◽  
Sub Saharan

The article discusses the place and role of the financial system in the development of national economic systems in developing countries. There have been identified the main func-tions of the financial system: mobilizing financial resources, creating a database of investment projects and investors, monitoring and corporate deposit management, forming a block of information on diversification, transformation and risk management, facilitating the sale of goods through a payment system. The existing approaches to determining the concept of accessibility of financial resources are considered. The role of the financial sector in advancing technological innovations and industrialization in sub-Saharan African countries has been identified. The analysis of reasons for low financial integration, low access to financial services in the shadow economy has been carried out. The main reasons for the lack of access to banking services include the language barrier, lack of simple identification documents or data due to a poorly organized local infrastructure. It is noted that about 52% of the population of sub-Saharan Africa have access to formal financial services; 65% of small, medium and micro-enterprises (90% of the economic sector in Africa) do not have access to bank loans. Research and development expenditures in the economic regions have been systematized. The conclusions have been made about the underdevelopment and lag of infrastructure in sub-Saharan African countries, low availability of financial resources retarding the economic growth and innovative development of small and medium-sized businesses. Possibilities for improving the systems of financial innovative development in the investigated countries have been given.

scholarly journals Effect of Financial Resources in Agriculture Production of Nepal

2019 ◽  
Vol 4 (1) ◽  
pp. 61-72
Author(s):  
Kriti Baidya
Keyword(s):  
Negative Impact ◽  
Government Expenditure ◽  
Research Work ◽  
Secondary Data ◽  
Bank Loans ◽  
Bank Loan ◽  
Financial Resources ◽  
Foreign Loan ◽  
Agriculture Sector ◽  
Different Sources

This study aims to assess the effect of different financial resources such as government expenditure, foreign grant, foreign loan and bank loan in agriculture production of Nepal. For this study six different productions: Wheat, Paddy, Sugarcane, Potatoes, Milk and Egg have been analysed. this study aims to cover the relation of the existing financial resources with the agriculture production using the secondary data from 2003 till 2014 Also related secondary data collected from previous research were analysed to verify the hypothesis and thus structuring the research work. The foreign grant and bank loans have both positive and negative impact on the agriculture production, as in some agriculture production it has significant positive relation whereas in some agriculture production it has negative relation. Out of all the financial resources the foreign loan provided in the agriculture sector has not been able to significantly impact the agriculture sector as none of the production is highly positively significant to the foreign loan. Hence, this study has analysed the different sources of financial resources and its effect on the agriculture production.

Court Enforcement, Bank Loans, and Firm Investment: Evidence from a Bankruptcy Reform in Brazil *

2016 ◽  
Vol 131 (3) ◽  
pp. 1365-1413 ◽  
Author(s):  
Jacopo Ponticelli ◽  
Leonardo S. Alencar
Keyword(s):  
Instrumental Variable ◽  
Bank Loans ◽  
Financial Reform ◽  
Firm Investment ◽  
Access To Finance ◽  
State Laws ◽  
Brazilian State ◽  
Civil Courts ◽  
The Impact ◽  
Secured Creditors

Abstract We exploit variation in the congestion of civil courts across Brazilian municipalities, together with a bankruptcy reform increasing secured creditors’ protection, to estimate the effect of enforcement on firm access to finance, investment, and size. We find that firms operating in municipalities with less congested courts experienced a larger increase in the use of secured loans, as well as a larger increase in investment and value of output in the years after the reform. To establish the direction of causality, we use an instrumental variable strategy that exploits Brazilian state laws on judicial organization, and focus on differences in court congestion across otherwise similar neighboring municipalities located across judicial district borders within the same state. The evidence indicates that differences in court enforcement affect the impact of financial reform on firm access to finance, investment, and size.

scholarly journals SME Steeplechase: When Obtaining Money Is Harder Than Innovating

2019 ◽  
Vol 7 (2) ◽  
pp. 25
Author(s):  
M. Belén Guercio ◽  
Lisana B. Martinez ◽  
Aurelio F. Bariviera
Keyword(s):  
Central Bank ◽  
European Commission ◽  
European Central Bank ◽  
Small And Medium Enterprises ◽  
Financial Resources ◽  
Financial Instruments ◽  
Access To Finance ◽  
External Finance ◽  
European Central ◽  
Medium Enterprises

In this paper, we analyze the main characteristics of European Small and Medium Enterprises (SMEs), related to the demand for and access to external financial resources. We use microdata from an extensive database, elaborated by the European Central Bank and the European Commission: the Survey on the Access to Finance of Enterprises. Firstly, we consider a set of variables as determinants to the decision to apply for different financial instruments. Secondly, we use the same set of variables to analyze the actual access to these instruments. For each regression, several SMEs profiles were created, in order to detect SMEs archetypes according to their decisions. The results are thought-provoking, and highlight that differences in firms characteristics (size, innovative activities, etc.), influence not only the access to, but also the demand for external finance.

scholarly journals CHANGING THE LARGE BANK LOANS ROLE IN THE SMALL BUSINESS DEVELOPMENT

2021 ◽  
pp. 87-96
Author(s):  
Maryna Matviienko ◽  
Keyword(s):  
Small Business ◽  
Interest Rates ◽  
Small Businesses ◽  
Banking Sector ◽  
Bank Loans ◽  
Financial Resources ◽  
Adjustment Process ◽  
Capital Investments ◽  
Dynamic Adjustment ◽  
Venture Capital Investments

The article is aimed at analyzing the world and domestic practice of small business lending by large banks and focusing on changing their role as major financial resources suppliers. The article also examines the existing and new forming alternative forms of attracting resources, which, today, better meet the needs and opportunities of small business.An analysis of the statistics showed that lending to small businesses by the largest banks as in Ukraine as in other countries has decreased sharply compared to indicators since 2008 and remains relatively depressed to this day. So the ability to get loans for enterprises has become essentially shorter. The development of almost any business is impossible without external funding. The growing due to own funds will take many years. This condition made small business interested in finding new financing sources. The article examines the dynamic adjustment process aftershock for the loan offer. In Ukraine like in some other countries where the largest banks had high market shares, aggregate credit flows for small businesses became extremely shorter, interest rates staid high or even rise, fewer businesses rose, unemployment rose, and wages fell. The loans flow resumed after 2010, but other lenders intensified, slowly filling the void, but interest rates remained high. The financial resources market is wide enough, and there are both local and external players. And for solving different problems, different tools can be chosen. Venture capital investments are used, for example, for a good start or a powerful breakthrough; long-term loan money or investor’s entry into capital can be used for progressive growth or entry into new markets. A variety of leasing products allow financing not only the purchase the source of transport or equipment, but also rent or buying out warehouse space or offices. There are even so interesting tools such as ICO. It should be concluded that the influence of these factors, as well as the development of block chain technologies and the emergence of alternative (public) forms of financing and development of social enterprise are gradually leading to the loss of key positions of the banking sector in financing small business projects. All these processes have shown that the financial sources accumulation even for big project can be organized in the way of multiplied microcredit system trough attraction stakeholders. Such examp-les we can mark in various business sectors, for example, in transport –collective financing of the ship construction. Keywords: Small Business, Financing, Loans, Banks, Banking._______________________©Matviienko M.,2021

scholarly journals FINANCIAMIENTO DE LAS MIPYMES DEL SECTOR INDUSTRIAL EN EL MUNICIPIO DE SINCELEJO

2014 ◽  
Vol 6 (2) ◽  
Author(s):  
Heberto Salas Quintana
Keyword(s):  
Financial Sector ◽  
Business Development ◽  
The Other ◽  
Financial Resources ◽  
Working Capital ◽  
Access To Finance ◽  
Chi Square ◽  
Chi Square Test ◽  
Key Aspects ◽  
Alpha Index

En este articulo se reportan los resultados de una investigación que tuvo como objetivo analizar las fuentes de financiamiento utilizadas por las micro, pequefias y medianas empresas (MIPYMES) del sector industrial del municipio de Sincelejo (Colombia) con el fin de caracterizar determinantes claves en su funcionamiento. La muestra fue conformada por 208 empresarios, a quienes se les aplicó un cuestionario tipo likert. La confiabilidad del mismo se hizo con el indice alfa de Cronbach, y se utilizaron tablas de contingencia para procesar la información, asi como el coeficiente Chi cuadrado para analizar la asociación entre las variables. Los resultados evidencian que las empresas de este sector utilizan en sus inicios recursos propios para el desarrollo de sus actividades y, luego, al requerir financiamiento, recurren al sector financiero o a la reinversión de sus utilidades. Se concluyó que el acceso al financiamiento sigue siendo un obstaculo para estas empresas y que el acceso a los creditos se les dificulta por causa de los requisitos solicitados como soportes de estos y por las garantias que se les exigen. Ademas, los recursos que obtienen son utilizados preponderantemente para compra de maquinaria o capital de trabajo. ABSTRACTTo analyze financing strategies and establish key aspects related to micro, small and big enterprises in Sincelejo (Colombia) were addressed in this research paper. 208 enterprises were sampled using a Liker questionnaire and its reliability is based on Cronbach's alpha index; to process information was used contingency tables and in order to analyze variable association the coefficient Chi-square test was used as well. The results show at the beginning that companies use their own financial resources for their business development and when they require funding, these companies resort to the financial sector or reinvest their own profits. As a conclusion, for these companies to access to finance remains an obstacle and bank credits become difficult as well because of the requirements they ask for, such as the required guarantees. On the other side, the resources obtained are predominantly used for purchasing machinery or working capital.

scholarly journals Comparative Analysis of Financing for Small and Medium-Sized Enterprises in the Visegrad Group

2021 ◽  
Vol 92 ◽  
pp. 06041
Author(s):  
Veronika Vrablova
Keyword(s):  
Czech Republic ◽  
Comparative Analysis ◽  
National Economy ◽  
Slovak Republic ◽  
Value Added ◽  
Bank Loans ◽  
Access To Finance ◽  
The Czech Republic ◽  
The World ◽  
Visegrad Group

Research background: Small and medium-sized enterprises form the backbone of any national economy. Therefore, sources of financing are important for the enterprise´s growth around the world. Finance for enterprises can be divided into classic and alternative. Recently, alternative ways of financing experienced a boom, especially venture capital, business angels, and crowdfunding. Although this type of funding is well known around the world, there are difficulties in using alternative financing among the Visegrad group. Moreover, there are lots of other factors curbing the expansion of enterprises. Purpose of the article: The purpose of this paper is to identify and compare sources of financing for small and medium-sized enterprises among the Visegrad group with focus on alternative financing. Visegrad group consists of the Slovak Republic, the Czech Republic, the Hungary, and the Poland. This paper presents an overview of available financing for small and medium-sized enterprises among the Visegrad group. Methods: For analysis, we used data from the the Survey on the access to finance for enterprises in 2019. Moreover, we also did hypothesis testing to compare the usage of financing through bank overdraft in the year 2019. Findings & Value added: We have reached several conclusions. Firstly, this paper suggests that classic sources of financing are used more than alternative ways, from which the bank loans and leasing are used the most. Secondly, the best condition of financing among countries of the Visegrad group is in Poland, but also other countries have huge potential. And finally, financing of enterprises is not the main issue causing difficulties in making business.

scholarly journals THE ROLE OF FINANCIAL LITERATION IN MODERATING THE RELATIONSHIP BETWEEN ACCESS TO FINANCIAL AND THE GROWTH OF MSMES IN WEST KALIMANTAN PROVINCE – INDONESIA

2020 ◽  
Vol 5 (1) ◽  
pp. 01-06
Author(s):  
Girang Permata Gusti ◽  
Yudis Agustira ◽  
Muhammad Rheza Tawakkal
Keyword(s):  
Financial Literacy ◽  
Electronic Mail ◽  
Bank Loans ◽  
Access To Finance ◽  
Financial Access ◽  
West Kalimantan ◽  
Postal Services ◽  
The Relationship ◽  
Descriptive Method

The low rate of financial literacy in West Kalimantan has triggered a study to explore the role of this variable, can it moderate the relationship between financial access and the growth of MSMEs in West Kalimantan Province?. This research uses a descriptive method with an associative research design and 390 MSMEs respondents. The distribution of the questionnaires used postal services, electronic mail, and social media. The results of this study are financial literacy can moderate the relationship between financial access and the growth of MSMEs and financial literacy has a positive and significant effect on the growth of MSMEs. An interesting finding from this research is access to finance has a negative and significant effect on the growth of MSMEs, this result is due to the lack of knowledge of MSMEs about how to manage money obtained from bank loans.

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