Event Title

Microfinancing in the MENA region

Poster Number

001

College

College of Business Administration

Department

Department of Accounting, Finance, and Economics

Honors Thesis Committee

Laura Ullrich, Ph.D.; Danko Tarabar, Ph.D.; and Nicholas Moellman, Ph.D.

Location

Rutledge Building

Start Date

12-4-2019 12:00 PM

End Date

April 2019

Description

This paper seeks to answer the question: Is implementation of microfinancing institutions in the Middle East and Northern Africa (MENA) region a viable method to increase economic development? Microfinancing is the practice of issuing small loans to those who are unable to borrow from typical banking institutions, due to either location or lack of collateral. Microfinancing can jumpstart small businesses and positively affect small economies. Not only does microfinancing help the immediate borrower, but it also has potential to aid in the economic development of the entire surrounding community. The MENA region includes some of the most affluent countries in the world, as well as some of the poorest, which makes generalizing about the economic state of this region difficult. By carrying out a literature review on the topics of microfinancing and MENA economic development, in tandem with analysis of data from regions with a history of microfinancing that are relatively comparable to MENA regions, I will examine the promising future of microfinance implementation in the MENA region.

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Apr 12th, 12:00 PM Apr 12th, 2:00 PM

Microfinancing in the MENA region

Rutledge Building

This paper seeks to answer the question: Is implementation of microfinancing institutions in the Middle East and Northern Africa (MENA) region a viable method to increase economic development? Microfinancing is the practice of issuing small loans to those who are unable to borrow from typical banking institutions, due to either location or lack of collateral. Microfinancing can jumpstart small businesses and positively affect small economies. Not only does microfinancing help the immediate borrower, but it also has potential to aid in the economic development of the entire surrounding community. The MENA region includes some of the most affluent countries in the world, as well as some of the poorest, which makes generalizing about the economic state of this region difficult. By carrying out a literature review on the topics of microfinancing and MENA economic development, in tandem with analysis of data from regions with a history of microfinancing that are relatively comparable to MENA regions, I will examine the promising future of microfinance implementation in the MENA region.