Abstract
Small and medium-sized enterprises (SMEs) represent 99.8 per cent of the total number of enterprises in Europe and play a key role in terms of economic development and creation of jobs, by accounting for 57.6 per cent of added value in EU-27 and more than two thirds of jobs created in the private sector (Table 3.1). Over 90 per cent of European businesses are microenterprises with less than ten employees, whose importance is particularly significant in South European countries such as Italy, Spain and Portugal.1
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Keywords
- European Central Bank
- Entrepreneurship Education
- European Social Fund
- Potential Entrepreneur
- Microfinance Institution
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Notes
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The literature refers to integrated and minimalist approaches to define different models of microfinance existing in different countries worldwide. So we have MFIs that, through an integrated approach provide their customers with financial and non-financial services (such as social mediation, creation of groups, leadership development services for businesses, training on commercial marketing and social services, education, health-care services and food education). The MFIs adopting a minimalist approach provide only financial services, namely credit and savings. In Corsi M. (2008), Women and micro-finance: a look at the Mediterranean countries, Rome, Aracne, p. 32.
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© 2016 Maria Claudia Costantini, Maria Doiciu, Stefanie Lämmermann, Andrea Nardone and Giovanni Nicola Pes
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Costantini, M.C., Doiciu, M., Lämmermann, S., Nardone, A., Pes, G.N. (2016). EU Financial Engineering and Microfinance Non-financial Service: A Case Study. In: Pes, G.N., Porretta, P. (eds) Microfinance, EU Structural Funds and Capacity Building for Managing Authorities. Palgrave Studies in Impact Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137536020_3
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DOI: https://doi.org/10.1057/9781137536020_3
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