Microfinance: Methods, Models and its Impact on Economic Development-Reference-Cited by-同舟云学术

Microfinance: Methods, Models and its Impact on Economic Development

Published:2022-01-11 Issue: Volume:18 Page:144-151
ISSN:2224-3496
Container-title:WSEAS TRANSACTIONS ON ENVIRONMENT AND DEVELOPMENT
language:en
Short-container-title:

Author:

Kulinich Tetiana¹,Dobizha Nataliia²,Demchenko Oksana³,Bodnar Olena⁴,Myronchuk Viltoriia²,Zelenskyi Andrii⁵

Affiliation:

1. Department of Management of Organizations, Lviv Polytechnic National University, UKRAINE

2. Department of Banking Finance and Insurance, Vinnytsia Educational and Research Institute of Economics, West Ukrainian National University, UKRAINE

3. Department of Finance, Vinnytsia Institute of Trade and Economics of Kyiv National University of Trade and Economics, UKRAINE

4. Department of Finance, Banking and Insurance Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, UKRAINE

5. Department of Finance, Banking, Insurance and Electronic Payment Systems, Podillya State Agrarian and Engineering University, Vinnytsia Educational and Research Institute of Economics, West Ukrainian National University, UKRAINE

Abstract

The main purpose of the academic paper is to analyze the dynamics of microfinance services and assess their impact on the entrepreneurial activity of small and medium-sized enterprises and the consequences for the population. Methods of generalization, analysis, comparison, correlation and regression analysis have been used in order to achieve the purpose outlined. The academic paper considers the impact of microfinance services on the performance of small and medium-sized enterprises in the form of net profit. The results have showed that the impact of the cost of microfinance services on the development of financial activities of small and medium-sized businesses have a positive result, and, when using the proposed regression equation, the company will receive positive results in 2020-2024. The conducted correlation analysis of the impact of microfinance services on the level of the average salary of the population of Ukraine has revealed a high level of dependence of citizens on loans obtained. This is confirmed by the high correlation coefficient.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

Subject

General Energy,General Environmental Science,Geography, Planning and Development

Reference24 articles.

1. Morduch, J. The microfinance schism. World Development, 28, 2000, pp, 617-629. https://ideas.repec.org/a/eee/wdevel/v28y2000i 4p617-629.html

2. Milgram, О., Lynne, В. Operationalizing microfinance: Women and craftwork in Ifugao. Human Organization, 60, 2001, pp. 212-224. https://doi.org/10.17730/humo.60.3.4jegdmbrv 52tcwvd

3. Mosley, P. Microfinance and poverty in Bolivia. The Journal of Development Studies, 37, 2001, pp. 101-132. https://doi.org/10.1080/0022038041233132206 1

4. Vergun A.M., Matvinko S.M. The Role of That Prospects in Rosvitku Microcredituvanna in Kranakh, Scho Rosvivats. Effective economics, No. 2, 2020, https://doi.org/10.32702 / 2307- 2105-2020.2.68

5. Sodoma R., Cherevko H., Krupyak I., Andrusyak H., Brodskaya I., Shmatkovskaya T. (). Regulating the credit market and the prospects for stabilization of the financial sector of Ukraine. Financial-Credit Divalence: Property, 2021, pp. 7-8. https://doi.org/10.18371/fcaptp.v1i36.227604

Cited by 2 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Progress in the Field of Sustainable Development as a Result of Implementing the Potential of Social Cohesion: Regional Context;Problemy Ekorozwoju;2024-01-08

2. Clusterization in Tourism Development Level's Assessment of Regions: Example of Ukraine;Journal of Tourism and Services;2023-06-29