Vol.6, No.2, May 2017.                                                                                                              ISSN: 2217-8309

                                                                                                                                                 eISSN: 2217-8333


TEM Journal



Association for Information Communication Technology Education and Science

Comparison of Structuring the Interest Rates on Micro Loans in

Serbia and Montenegro


Vera Zelenović, Maja Drobnjaković, Željko Vojinović


© 2017 Vera Zelenović, Maja Drobnjaković, Željko Vojinović, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)


Citation Information: TEM Journal. Volume 6, Issue 2, Pages 303-314, ISSN 2217-8309, DOI: 10.18421/TEM62-16, May 2017.




The aim of this research paper is development of comparative analysis of the microcredit sector in Serbia and Montenegro, as well as to carry out identification and analysis of the components that influence the determination of interest rates on microloans in Serbia and Montenegro. Within the comparative study, there will be an analysis of the correlation between the total amount of granted microcredits in these countries and their gross domestic product, by using the Pearson correlation coefficient.


Keywords – microcredit, interest rate, valuation, Serbia, Montenegro.



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