AGRICULTURA TROPICA ET SUBTROPICA VOL. 42 (4) 2009 MICROFINANCE IN DEVELOPING COUNTRIES AND FINANCIAL CRISIS

Article responds to the different opinions regarding the impact of financial crisis on microfinance activities in developing countries. Opinions can be devided into three groups. e first group characterizes microfinance as an integral segment of financial industry and said that financial crisis hit the microfinance. e second group underline opposite. According to this expert group are microfinance services in developing countries largely unaffected by financial crisis. e third group micro-holder devides into two parts. But these parts reacts on the crisis in different ways. e issue of financial crisis is topical and interesting. Article briefly describes differences in these mentioned views. Findings are based upon previous research of selected published information and analysis of materials obtained as a by-product of the participation of experts from Institute of Tropics and Subtropics working on development projects in less developing countries (LDCs)