Veverková, Soňa – Kroupa, Aleš
Micro-financing and the possibility of its use in the Czech Republic
Praha: RILSA, 2017. 56 pp. – ISBN 978-80-7416-242-8
The monograph provides a description of both public and private funding and guarantee instruments that are currently available in the Czech Republic (from foreign as well as domestic sources). It was discovered that many of the funding instruments available from public sources are, in practice, unavailable to micro-enterprises (due to too high principles which fail to correspond to the needs of micro-enterprises, administrative demands, an emphasis on innovation, etc.) despite the fact that these tools are aimed directly at small and medium-sized enterprises and micro-enterprises. In the private sector, although banks do not offer loan and guarantee products suitable for micro-enterprises (the level of risk is too high), new start-up enterprises are able to take advantage of newly-available private instruments – peer to peer loans, crowdfunding, etc. Generally, while accepting that the current availability of funding instruments serving micro-enterprises is limited, the results of the analysis revealed that the most important criterion in terms of finding a suitable funding instrument leading to the launching of a micro-enterprise consists of a high-quality business plan. In addition to the Czech Republic, the study also included experience with micro-financing in Slovakia and Romania.
Fulltext (only in Czech)