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dc.contributor.advisor El-Komi, Mohamed Hashad, Reem Nabil 2014-12-03T07:06:50Z Spring 2014 en_US 2014-12-03
dc.description.abstract Finance is one of the core development axes and is the basis for job creation, income, poverty reduction and economic growth. Financial resources in Egypt are both idle and misallocated. Access to finance is a major constraint especially to the poor stratum of the Egyptian society. Microfinance is one of the means through which the poor can gain access to finance. However, Egyptian microfinance institutions (MFIs) are inefficient and are unable to supply 90% of the demand for microcredit. This research focuses on how the supply-demand gap of microcredit in Egypt can be reduced. Hence this paper examines what are the borrowers’ socio-demographic characteristics and loan conditions that affect the microcredit repayment rate in Egypt. These factors are examined so that Egyptian MFIs can be financially and socially efficient and serve as better engines for change. This paper employs the mixed method (qualitative and quantitative) approach in an attempt to answer the research question proposed. The paper estimates the log likelihood of a probit regression model based on data from two MFIs: Misr El Kheir (MEK) and Resala. In addition, interviews were conducted with twelve borrowers of one of Egypt’s MFIs (Tanmeyah). The results show that the repayment determinants are country-specific. Lack of timely repayment is both a supply-sided and demand-sided problem i.e. it is attributed to both the MFI policies and the borrowers’ characteristics. Lack of timely repayment is due to the MFI lending policies, long repayment period, the time the first installment is due, the borrower’s job, income, address and most importantly his/her willingness to pay.Macroeconomic shocks, such as the 25th of January Revolution, have positively contributed to the probability of the borrowers defaulting. Although microfinance is only a tool for poverty alleviation, not the solution, its importance can not be understated. MFIs can reduce the supply-demand gap by mitigating the reasons for lack of timely repayment such as long repayment period, lack of experience, lack of willingness to pay and so on. This will enable MFIs to revive financial resources and promote economic growth. en_US
dc.description.sponsorship Dedication: To the one who gave me beyond the call of duty, who instilled in me the importance of and pleasure derived from education. In the memory of my late father. Acknowledgement First and foremost, thanks are due to Allah, the most Beneficent and Merciful, to whom I relate my success in life. I would like to express my sincere appreciation to my thesis supervisor, Dr.Mohamed El- Komi, Assistant Professor of Economics at the American University in Cairo, for his guidance, great help, continuous supervision as well as precious time and effort in reading and revising the manuscript. It was an honor for me to work under his supervision. I’m also grateful to Dr.Abeer Abeer El Shennawy, Associate Professor of Economics at the American University in Cairo, for the time she dedicated to read my research and for her useful advice. I would also like to express my deepest gratitude to Dr.Dalia El-Edel, Assistant Professor of Economics at the American University in Cairo, for her continuous help, enthusiastic support and encouragement. I would also like to thank Resala, Misr El Kheir and Tanmeyah for providing me with the data needed for this research and allowing me to interview their clients. Last but definitely not least, I owe gratitude to my family and friends who continuously supported me. This study would not have been possible without their help. en_US
dc.format.extent 94 p. en_US
dc.format.medium monographs en_US
dc.format.medium interviews en_US
dc.format.medium journals (periodicals) en_US
dc.format.medium questionnaires en_US
dc.format.medium theses en_US
dc.language.iso en en_US
dc.rights Author retains all rights with regard to copyright. en
dc.subject Repayment en_US
dc.subject Determinants en_US
dc.subject Egyptian en_US
dc.subject Microfinance en_US
dc.subject Institutions en_US
dc.subject.lcsh Thesis (M.A.)--American University in Cairo en_US
dc.subject.lcsh Microfinance -- Egypt.
dc.subject.lcsh Egypt -- Economic conditions -- 21st century.
dc.subject.lcsh Egypt -- Economic policy -- 21st century.
dc.title Repayment determinants for Egyptian microfinance institutions en_US
dc.type Text en_US
dc.subject.discipline Economics en_US
dc.rights.access This item is available en_US
dc.contributor.department American University in Cairo. Dept. of Economics en_US
dc.description.irb American University in Cairo Institutional Review Board approval has been obtained for this item. en_US
dc.contributor.committeeMember El Shennawy, Abeer
dc.contributor.committeeMember El-Edel, Dalia

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  • Theses and Dissertations [1835]
    This collection includes theses and dissertations authored by American University in Cairo graduate students.

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