The Structure of the Microfinance Market and Its Adoption to the EU Accession: A Comparative Empirical Study for Western Balkans
The Structure of the Microfinance Market and Its Adoption to the EU Accession: A Comparative Empirical Study for Western Balkans

Author(s): Gungor Turan, Abdurrahman Isik, Iges Banda
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Microfinance market structure; MFIs; WBCs; EU accession; Comparative study
Summary/Abstract: The objective of this paper is to examine the microfinance market structure and its adoption in the EU accession in Western Balkan Countries (WBCs). This objective is pursued by employing survey data from 31 MFIs operating in WBCs. The survey aims to assess MFI’s representatives’ views on competition policy, measure surveillance, identify influencing factors of firm performance, and recognize institutional challenges. The findings show the microfinance market remains transitional with various difficulties that need to be addressed. The study gives a contribution to the existing literature by filling the gaps in the microfinance market in WBCs and making a comparative analysis. Policymakers, stakeholders, and researchers can based on the paper’s findings, recommendations, and future research directions for further sustainable improvement of the microfinance market in the WBCs.

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