Microfinance and Business Start-ups: Review of the Current Practice in Europe

The paper “Microfinance and Business Start-ups: Review of the Current Practice in Europe” explores the theoretical background and the emergent evidence related to the role of access to finance for business start-ups and self-employment in Europe, with a specific focus on the role of microfinance institutions. The paper summarizes opportunities and challenges faced by the microfinance sector to more deeply engage in the entrepreneurship and start-up financing market. Options for larger engagement of the microfinance institutions in the start-up segment close the paper offering several policy recommendations on the EU and individual member state levels to support a greater role of microfinance institutions in financing business start-ups by the excluded groups.

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