The Impact of Micro-Financial Institutions on Employment in Kosovo
Session
Management, Business and Economics
Description
In general, microfinance institutions are organizations that provide small loans to low-income individuals or family businesses. Microfinance institutions, or MFIs, come in all shapes and sizes. They may differ in scale, experience, legal status, strategies, and budget. These organizations provide financial services to individuals and businesses with financial difficulties. Microfinance institutions aim to stimulate economic activity among those people with low incomes, for whom access to formal banking services is impossible. With the lending activity of these institutions, local businesses began to become more active in the markets, consequently impacting Kosovo's employment rate. This study examined the effect of microfinance institutions on employment levels in Kosovo. The study employed secondary data from the Association of Microfinance Institutions of Kosovo and the Central Bank of Kosovo. The study adopted Pearson correlation and multivariate regression techniques for data analyses. The results showed that microfinance institutions and employment were positively and significantly related.
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-50-5
Location
UBT Kampus, Lipjan
Start Date
29-10-2022 12:00 AM
End Date
30-10-2022 12:00 AM
DOI
10.33107/ubt-ic.2022.419
Recommended Citation
Zefi, Shpresim and Vranovci, Shpresim, "The Impact of Micro-Financial Institutions on Employment in Kosovo" (2022). UBT International Conference. 433.
https://knowledgecenter.ubt-uni.net/conference/2022/all-events/433
The Impact of Micro-Financial Institutions on Employment in Kosovo
UBT Kampus, Lipjan
In general, microfinance institutions are organizations that provide small loans to low-income individuals or family businesses. Microfinance institutions, or MFIs, come in all shapes and sizes. They may differ in scale, experience, legal status, strategies, and budget. These organizations provide financial services to individuals and businesses with financial difficulties. Microfinance institutions aim to stimulate economic activity among those people with low incomes, for whom access to formal banking services is impossible. With the lending activity of these institutions, local businesses began to become more active in the markets, consequently impacting Kosovo's employment rate. This study examined the effect of microfinance institutions on employment levels in Kosovo. The study employed secondary data from the Association of Microfinance Institutions of Kosovo and the Central Bank of Kosovo. The study adopted Pearson correlation and multivariate regression techniques for data analyses. The results showed that microfinance institutions and employment were positively and significantly related.