SRNEC K., VÝBORNÁ M., HAVRLAND B.
Abstract
Article responds to the different opinions regarding the impact of financial crisis on microfinance activities in
developing countries. Opinions can be devided into three groups. The first group characterizes microfinance as an
integral segment of financial industry and said that financial crisis hit the microfinance. The second group underline
opposite. According to this expert group are microfinance services in developing countries largely unaffected by
financial crisis. The third group microholder devides into two parts. But these parts reacts on the crisis in
different ways. The issue of financial crisis is topíval and interesting. Article briefly describes differences in
these mentioned views. Findings are based upon previous research of selected published information and analysis of
materials obtained as a by-product of the participation of experts from Institute of Tropics and Subtropics working
on development projects in less developing countries (LDCs).
Key words:
microfinance, financial crisis, developing countries, investor