2015, nr. 1


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Viorica CERBUSCA, PhD Student, ASEM

The paper highlights the problems faced by the SMEs in accessing adequate financing as one of the most significant barriers of the sector. Financial access is critical for SMEs’ growth and development.

At the same time, the author emphasize that there is no unique way of financing SMEs. The need depends on the stage of maturity and size of the enterprise.

In order to facilitate the SME access to finance it is necessary to adapt the best international practices and to adapt them at the local condition.

Article aims to present microfinancing as a tool that could improve the SME access to finance, thus contributing to the economic development of the country by creating new jobs, new products and services.

SMEs, access to finance, microfinance, development.