The Development of Micro-crediting as a Factor of Promoting Women's Entrepreneurship in Serbia

Đuričin, Sonja and Pantić, Olivera (2015) The Development of Micro-crediting as a Factor of Promoting Women's Entrepreneurship in Serbia. Journal of Women's Entrepreneurship and Education (1-2). pp. 50-66. ISSN 1821-1283

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Abstract

Subject of research presented in this paper includes factors which are conditioning the need for the development of micro-financing due to specific funding of women's entrepreneurship in Serbia. This paper aims to, in the current socio-economic environment, indicate the importance of the development of microcrediting in the process of development of women's entrepreneurship in Serbia. The importance of micro-crediting is primarily in reducing market gap between supply and demand for microcredit by women entrepreneur, its contribution to increasing the number of employed women and improving their socio-economic status. The survey results indicate the fact that the creation of conditions for the development of micro-finance institutions in the period 2014-2017 will have effects on increase in the supply of micro-credits for women entrepreneurs in the amount of 8%, 41%, 68% and 82% respectively, opening of 97 thousand new jobs for women and improve their socio-economic status.

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