Maria Doiciu, Improving the Framework for Microcredit and Microenterprises
-
Upload
microcredit-summit-campaign -
Category
Documents
-
view
129 -
download
1
Transcript of Maria Doiciu, Improving the Framework for Microcredit and Microenterprises
![Page 1: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/1.jpg)
Improving the framework for microcredit and microenterprises
How regulatory changes can advance or hinder
Ianuarie 2011can advance or hinder the industry –CEE case
![Page 2: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/2.jpg)
Enterprises in EU27
21.6% 18.9% 17.9% 41.6%
Number of
Gross value
added
92.1%
29.8%
6.6%
20.3%
1.1%
16.8%
0.2%
33.1%
0% 20% 40% 60% 80% 100%
Number of
enterprises
Number of
employes
Micro Small Medium Large
![Page 3: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/3.jpg)
Ease of doing business
Estonia
Latvia
Lithuania
60-80
40-60
20-60
0-20
Lithuania
Poland
Czech Rep.Slovakia
SloveniaHungary Romania
Bulgaria
![Page 4: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/4.jpg)
59
72
51 64 6263
76
138
126
10196
80
100
120
140
160
Entry barrier benchmarking
DOING BUSINESS – World Bank Group; economy rankings
59
37
51
48
64 62
2721 24
49
63
28
39
5144
8 8
48
24
48
8
48
4
40
0
20
40
60
Easy of doing business rank Starting a business Getting credit
![Page 5: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/5.jpg)
• Easier access to credit and Commercialization of the
sector
• New investors: commercial and social
Legal framework for MFIs: NBFIs
What consequences has it had on the
Romanian MF sector?
• New investors: commercial and social
• New MFIs: from 8 – to 200 MC providers
• MFIs Operational sustainability > 100%
• Increased supervision from Central Bank
• A unified legal framework for all Non Bank Financial
Institutions: Micro credit, Leasing, Consumer credit,
Mortgage.
![Page 6: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/6.jpg)
Romanian MF sector in 2005
around 5-10% SMEs financial market
12
15
18MATURITY
0
3
6
9
Social oriented Social and commercial oriented Commercial oriented
NGO
NBFIGLP ≥EUR 5,000,000 EUR 5,000,000 > GLP ≥EUR 1,000,000 GLP < EUR 1,000,000
SOCIAL ORIENTATION
![Page 7: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/7.jpg)
Romanian MF sector in 2010
around 30% financial market
12
15
20MATURITY
0
5
8
9
Social oriented Social and commercial oriented Commercial oriented
NGO
NBFIGLP ≥EUR 1 5,000,000 EUR 5,000,000 > GLP ≥EUR 1,000,000 GLP < EUR 1,000,000
SOCIAL ORIENTATION
![Page 8: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/8.jpg)
What hindered the industry (MSMEs)?
– High bureaucracy
– High entrance barriers for MSBss
– Corruption
– High level of taxation– High level of taxation
![Page 9: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/9.jpg)
Entrepreneurial appetite
Entrepreneur
Employee
No preference
N/A
![Page 10: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/10.jpg)
Re-building the entrepreneurial spirit
• School curricula and Non-academic
entrepreneurial education
• Promotion of entrepreneurs as social models
• Equilibrium btw. risks and recompenses
• Social responsibility • Social responsibility
• Stimulate high aspirations
![Page 11: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/11.jpg)
Let’s get together!
And lobby for an Enabling Doing Business Environment
at the Local, National and European Union level in
the SAME TIME
![Page 12: Maria Doiciu, Improving the Framework for Microcredit and Microenterprises](https://reader030.fdocuments.in/reader030/viewer/2022032617/55aa07031a28abf6048b4570/html5/thumbnails/12.jpg)
Thank you!
Maria DoiciuEurom Consultancy & Studies
Calea Plevnei 46-48, FPP Entrance, 2 nd fl.Calea Plevnei 46-48, FPP Entrance, 2 nd fl.
Bucharest, sector 1, Romania
www.eurom-consultancy.ro
E-mail: [email protected]