Search results for "micro-enterprises"

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THE ROLE OF FINANCIAL SUPPORT FOR THE PERFORMANCE AND SURVIVAL OF MICRO-ENTERPRISES

2021

The research was supported by the NATIONAL RESEARCH PROGRAMME “LATVIAN HERITAGE AND FUTURE CHALLENGES FOR THE SUSTAINABILITY OF THE STATE” project “CHALLENGES FOR THE LATVIAN STATE AND SOCIETY AND THE SOLUTIONS IN INTERNATIONAL CONTEXT" (INTERFRAME-LV, Project No.VPP-IZM-2018/1-0005).

FinanceCoronavirus disease 2019 (COVID-19)business.industrymedia_common.quotation_subject05 social sciencesLatvianbankslanguage.human_languagefirm performancemicro-entreprise financingfinance institutionsOriginality0502 economics and businessValue (economics)language:SOCIAL SCIENCES::Business and economics [Research Subject Categories]Access to financeExternal financingPsychological resilience050207 economicsbusinessmicro-enterprisesPractical implications050203 business & managementmedia_commonInternational Scientific Conference „Contemporary Issues in Business, Management and Economics Engineering"
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Challenges on accessing finance for micro-enterprises in Latvia

2021

Financial support of companies for their development is considered and realised by many countries worldwide, also in Latvia. Latvia has been receiving critical remarks from entrepreneurs in regard to high level of refuse for financing from the financing institution ALTUM which is the principal intermediary of EU funds and provides resources to support entrepreneurship in Latvia. Statistical data indicate that there are significant reductions of micro-enterprises during recent years. The survey data showed that ALTUM rejected 39 % of the surveyed micro-enterprises from those who had submitted applications within three years. In turn, only 6 % of micro-enterprises have received full financing…

Financebusiness.industryrequirements for financing:SOCIAL SCIENCES::Business and economics [Research Subject Categories]surveyBusinessfinancing refusemicro-enterprisesALTUMEconomic Science for Rural Development
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