Open AccessDescription of the Micro-Loan Program, payment and conclusions
Author(s) -
Judit Oláh,
Tamás Molnar
Publication year - 2001
Publication title -
acta agraria debreceniensis
Language(s) - English
Resource type - Journals
ISSN - 2416-1640
DOI - 10.34101/actaagrar/1/3590
Subject(s) - loan , payment , business , capital (architecture) , actuarial science , finance , history , archaeology
The system of microcapital goes back 8 years in Hungary. Its strategy and practice developed at a time when really small enterprises emerged with little practise and even less capital. Specialists organising and executing programs started with microcapital with little experience. This programme provided the young and experienced an opportunity to gain experience they lacked, and seems to have been extremely successful.