Publication:
Making Microfinance Work Better in the Middle East and North Africa

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dc.contributor.authorBrandsma, Judith
dc.contributor.authorHart, Laurence
dc.date.accessioned2016-03-31T16:31:57Z
dc.date.available2016-03-31T16:31:57Z
dc.date.issued2004-06-01
dc.description.abstractThis report analyzes microfinance in the Middle East and North Africa, and offers recommendations on how to further develop the industry. Microfinance is the provision of financial services to the entrepreneurial poor, a definition with two important features: it emphasizes a range of financial services-not just credit-and it emphasizes the entrepreneurial poor. The region's emerging microfinance industry differs from those in other parts of the world. Expectations are too high: microfinance is not a panacea for, or solution to unemployment, for narrowly defined, most microfinance institutions only offer credit for business activities, and do not offer savings or deposit services. Governments are interested in regulating microfinance, and several countries have passed laws on microfinance, efforts that risk jeopardizing the industry's healthy development. Moreover, second generation issues may slow the industry's growth, demonstrated by the fact that many microfinance institutions are experiencing crises, after rapid initial growth, and need time to consolidate and restructure. Islamic finance methodologies are being applied by new microfinance programs, and existing programs that use Islamic finance-some of them very large-have become more visible. This report draws heavily on two Bank surveys of microfinance institutions in the region, one assessing developments as of the end of 1997, and the other as of end of 1999. Egypt remains the region's leading provider but has lost market share, while Morocco is second, having experienced dramatic growth since 1997. But other countries, such as Lebanon, and the West Bank and Gaza, saw their microfinance industries stagnate, or even shrink. This was mainly because microfinance players in these countries went through restructuring, and consolidation as they faced second generation issues. The report stipulates that for programs to reach the scale of microfinance institutions as in other parts of the world, they must raise funds commercially-including taking deposits, which will also enable them to broaden their approach to microfinance, moving beyond credit for businesses. And, by mobilizing savings and deposits, they will be able to serve many more clients. Donors and practitioners alike, should be prepared for the array of new training needs, deciding to transform into a new legal entity, and institutional form. Policymakers, meanwhile, should be prepared to create legal environments appropriate for prudent, but growing microfinance.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/06/4939588/making-microfinance-work-better-middle-east-north-africa
dc.identifier.doi10.1596/23982
dc.identifier.urihttps://hdl.handle.net/10986/23982
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCHANNELS
dc.subjectCOLLATERAL
dc.subjectCONSOLIDATION
dc.subjectDEBT
dc.subjectDEPOSITS
dc.subjectEMPLOYMENT
dc.subjectENVIRONMENTAL QUALITY
dc.subjectFINANCIAL DATA
dc.subjectFINANCIAL SERVICES
dc.subjectFOUNDATIONS
dc.subjectHEALTH SERVICES
dc.subjectINTEREST RATES
dc.subjectISLAMIC BANKING
dc.subjectLAWS
dc.subjectLIABILITY MANAGEMENT
dc.subjectLIQUIDITY
dc.subjectLITERACY
dc.subjectLOAN PORTFOLIOS
dc.subjectMANAGEMENT INFORMATION SYSTEMS
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INDUSTRY
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE PROGRAMS
dc.subjectMICROFINANCE REGULATION
dc.subjectMICROFINANCE TRAINING
dc.subjectMICROFINANCE WORK
dc.subjectMICROLOANS
dc.subjectNORTH AFRICA
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE COMPANY
dc.subjectRURAL FINANCE
dc.subjectRURAL MICROFINANCE
dc.subjectSAVINGS
dc.subjectSMALL BUSINESS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL LOANS
dc.subjectSUBSIDIZED CREDIT
dc.subjectSUSTAINABILITY
dc.subjectSUSTAINABLE MICROFINANCE
dc.subjectSUSTAINABLE MICROFINANCE INSTITUTIONS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectWEST
dc.subjectWORKING CAPITAL
dc.titleMaking Microfinance Work Better in the Middle East and North Africaen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2010-07-01
okr.date.doiregistration2025-05-05T12:54:47.092951Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2004/06/4939588/making-microfinance-work-better-middle-east-north-africa
okr.guid889971468774294069
okr.guid266791468774534227
okr.identifier.externaldocumentum000012009_20040714143949
okr.identifier.internaldocumentum4939588
okr.identifier.report29657
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/07/14/000012009_20040714143949/Rendered/PDF/296570ENGLISH0Microfinance0in0MNA.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.geographicalMiddle East
okr.region.geographicalNorth Africa
okr.themeFinancial and private sector development :: Infrastructure services for private sector development
okr.themeFinancial and private sector development :: Micro, Small and Medium Enterprise support
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Rural Finance
okr.unitFinance & Private Sector Dev Div (WBIFP)
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