Microfinance institutions as a strategic tool for strengthening Serbia’s financial system, promoting financial inclusion, and supporting inclusive economic growth

Ostojić, Ivana and Petrović, Predrag (2025) Microfinance institutions as a strategic tool for strengthening Serbia’s financial system, promoting financial inclusion, and supporting inclusive economic growth. In: The Second International Scientific Conference on Economics, Management and Information Technologies – ICEMIT 2025: Conference Proceedings. Toplica Academy of Applied Studies, Department of Business Studies Blace, Blace, pp. 457-467.

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Abstract

Microfinance can act as both a financial and developmental tool for Serbian MSMEs by improving access to credit, promoting inclusion, building capacity, fostering innovation, and supporting regional and green development. The demand for microfinance is driven by exclusion from mainstream finance and the need for small, flexible, and accessible financial products. The research investigates how microfinance would contribute to the stability of the Serbian financial system and to the inclusive growth of the MSME sector. Results of the study indicate that there is a significant demand for microcredit in Serbia, and microfinance would contribute to the stabilization of the domestic financial system, as well as to the improvement of the financial position of MSMEs. Research confirmed that there is a mismatch between the currently available banking products and the financial needs of MSMEs. It was also verified that microfinance would stimulate employment in Serbia and facilitate the establishment of enterprises

Item Type: Book Section
Institutional centre: Centre for economic research
Depositing User: D. Arsenijević
Date Deposited: 05 Nov 2026 07:46
Last Modified: 05 Nov 2026 07:46
URI: http://iriss.idn.org.rs/id/eprint/3097

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