摘要：The objective of this paper was to research the impact of microfinance bank loans on employment generation in Serbia in 2014 with a seasonal dynamics, around which was situated the scope of the paper too as a case study. The hypotesis formulated as possible impact of microfinance bank loans in employment generation was positive. Jobs created were divided in groups of: sustained jobs, indirect, induced, second-order 'growth' effects, and net job creation, with multipliers, such as the total number of jobs in an economy generated per one direct job, frequently used to assess and benchmark the job-creation effects of private sector activities. Mathematical and descriptive statistical methods are used, as well as a typical fitting measure, Coefficient of determination, for measure of fitting the trend-line with the empirical data, 88.28% of contribution towards in the prediction of created jobs dynamics, and 93.09% of contribution towards in the prediction of sustained jobs dynamics.
关键词：Job creation; Microfinance bank credit; Business -cycle theory
