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
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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: | https://eprints.ugd.edu.mk/id/eprint/16164 |
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