Can micro financing increase its role in support of accommodation investments of family owned tourist enterprises?

Temelkov, Zoran and Metodijeski, Dejan (2016) Can micro financing increase its role in support of accommodation investments of family owned tourist enterprises? International Journal of Information, Business and Management, 8 (4). pp. 47-52. ISSN 2076-9202

[img]
Preview
Text
IJIBM_Vol8No4_Nov2016n.pdf

Download (256Kb) | Preview
Official URL: http://ijibm.elitehall.com/

Abstract

Microfinance has proven its success in augmenting the living standards of population in poverty regions. Its financing products have supported numerous entrepreneurial activities and have contributed toward the local and regional economic growth. Having proven success in supporting entrepreneur’s need of capital, the purpose is to analyses the manner in which micro financing products could provide benefits for the increase in accommodation capacity of a family owned tourist enterprises. These enterprises are faced with numerous obstacles in the desire for expansion of their activities. They are faced with lost profits and low productivity due to long period required for full utilization of their accommodating capacities. One thing is directly responsible for these problems, which is the lack of investment capital. More precisely, increasing the accommodation capacity requires higher level of initial capital. For this reason, a recommendation is given regarding the needed direction of micro financing development. In addition, it is concluded that, aside of its criticisms, micro financing could prove itself as a viable solution for supporting tourist enterprises growth, but the prerequisite is the modification of products suitable for the needs of tourist enterprise.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Dejan Metodijeski
Date Deposited: 12 Sep 2016 09:28
Last Modified: 12 Sep 2016 09:28
URI: http://eprints.ugd.edu.mk/id/eprint/16164

Actions (login required)

View Item View Item