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The role of credit guarantees in financing Hungarian small businesses
A commercial banking system was re-established in Hungary in 1987, after four decades of socialist government. This article describes a situation where finance for small and medium enterprises is very hard to access, even though there are a number of schemes for microenterprises andfor business start-ups. Several credit guarantee schemes have started in the 1990s, however, which are aimed at meeting the financial needs of SMEs, and establishing their credit relationships with banks.
A commercial banking system was re-established in Hungary in 1987, after four decades of socialist government. This article describes a situation where finance for small and medium enterprises is very hard to access, even though there are a number of schemes for microenterprises and
for business start-ups. Several credit guarantee schemes have started in the 1990s, however, which are aimed at meeting the financial needs of SMEs, and establishing their credit relationships with banks.
for business start-ups. Several credit guarantee schemes have started in the 1990s, however, which are aimed at meeting the financial needs of SMEs, and establishing their credit relationships with banks.
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