| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 6 |
NO. 1 |
PAPER 3 |
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MICRO-FINANCE AND MICRO ENTERPRISES – THE SIAMESE TWINS OF ECONOMIC
WELFARE |
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| R. Dayanandan |
| Associate Professor, Dept. of NREM, Mekelle University, Ethiopia |
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| The promotion of micro enterprises requires multi-faceted intervention
which presupposes deeper understanding of the structure and composition
of he micro enterprise sector and flow of finance. It is argued that
micro-finance interventions and other financial services help low income
people to improve household and enterprise management, increase
productivity, smooth income flows and meet their consumption costs,
enlarge and diversify their business as well as increase their incomes.
Against this background, an attempt has been made to assess whether
micro finance and micro enterprises have any influence on economic
welfare of the target group or not. Also the study explored the credit
gap, repayment behavior of borrowers as well as the problems faced by
micro enterprises |
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