ZAKARIA, A K M. THE IMPACT OF MICROFINANCE FOR SUPPORTING REFUGEE ENTREPRENEURSHIP IN EUROPE: AN ECONOMIC AND SOCIAL DEVELOPMENT PERSPECTIVE. Online. In Fafílek, M. DOKBAT 2023 - 19th International Bata Conference for Ph.D. Students and Young Researchers. Zlín: Tomas Bata University in Zlín, 2023, p. 505-515. ISBN 978-80-7678-194-8. Available from: https://dx.doi.org/10.7441/dokbat.2023.37.
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Basic information
Original name THE IMPACT OF MICROFINANCE FOR SUPPORTING REFUGEE ENTREPRENEURSHIP IN EUROPE: AN ECONOMIC AND SOCIAL DEVELOPMENT PERSPECTIVE
Authors ZAKARIA, A K M (50 Bangladesh, guarantor, belonging to the institution).
Edition Zlín, DOKBAT 2023 - 19th International Bata Conference for Ph.D. Students and Young Researchers, p. 505-515, 11 pp. 2023.
Publisher Tomas Bata University in Zlín
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50204 Business and management
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
RIV identification code RIV/47813059:19520/23:A0000434
Organization unit School of Business Administration in Karvina
ISBN 978-80-7678-194-8
Doi http://dx.doi.org/10.7441/dokbat.2023.37
Keywords in English microfinance; refugee entrepreneurs; entrepreneurs; micro-credit; Grameen bank
Tags International impact, Reviewed
Changed by Changed by: doc. Ing. Jarmila Duháček Šebestová, Ph.D., učo 19986. Changed: 29/1/2024 13:28.
Abstract
The main aim of this research paper is to analyse the effectiveness of microfinance in supporting refugee entrepreneurs in Europe. Refugees are often not economically strong enough in their host countries to start new businesses; they mostly depend on government funds. However, they aspire to become entrepreneurs to improve their economic conditions and reduce their dependency on government assistance. At the same time, it will enable them to contribute to the host country's economy. This paper focuses on the theoretical background of microfinance programs and their importance in poverty reduction. It reviews existing literature on microfinance programs and demonstrates how they could contribute to the host country's social and economic development. To create refugee entrepreneurs, the primary need is to provide financial support, but they often have limited access to the traditional banking system. Therefore, microfinance programs can be a viable solution to this problem. However, the main objective of this research is to determine if they are receiving sufficient support from microfinance institutes. In this research, secondary data collected from the European Microfinance Network Survey Report 2022 were used. This paper emphasizes job creation by providing more business loans than personal loans. According to secondary data, banks and NGOs are focusing on existing business development and job creation. In this research, we can see that MFIs have a great impact on creating new jobs, but unfortunately, they have less focus on refugee entrepreneurs. Nevertheless, this group has the potential to be a valuable target.
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