SRNEC K., HAVRLAND B.
Abstract
The article deals with the issue of micro financing. The entry of MFIs on the
market has shown to be more progressive than the commercial banks. Their market
share is growing faster than that of the commercial bank. Their activities are
less risky, cheaper and easily accessible than the products of the commercial
banks.
The first part of the article outlines in general the current situation concerning
the activities of micro finance. The second part is analytical. The conclusion
presents the merits of MFIs for sustainable rural development. It also shows
their reserve capacity. Currently there are some areas that have been sighted.
These are zones, which needs utmost attention.
Key words:
Microfinancing; Small and Medium Enterprises; Sub-Saharan and West Africa; Financial
Toolkits; Financial Market