Srnec K., Aiwa A.E.
Abstract
The article has an analytical character. Most of the LDCs are highly indebted. According to statistical data, the debt initiative of the World Bank and International Monetary Fund is successful. Many analysts consider microfinance activity as one of the main beneficial factors. The analytical part of the article examines micro-financial activities and institutions from the aspect of acquisition of financial resources and their future development. The materials are drawn from the referenced sources. The conclusions from the analysis are pragmatically logical. Most similar analyses do not stem from the source conception, which this article addresses. It implies connection to other issues, which are necessary to deal with.
Key words:
less developed countries, microfinancing institutions, pawnbrokers, risks, poverty.