THE ROLE OF FORMAL ACADEMICIAN IN PROMOTION OF MICRO-FINANCE
DOI:
https://doi.org/10.29121/granthaalayah.v4.i5.2016.2672Keywords:
Alleviation Of Poverty, Traditional Financial Markets, MoneylendersAbstract [English]
Microfinance is no panacea for the alleviation of poverty in the world. The environment influences its development. Legal frameworks, monitors and supervisors, its institutions and last but not least its customers with all their commitment play a major role for the success. Due to informational asymmetries, traditional financial markets are limited or fail to include poor households. Microfinance is able to overcome these imperfections and was developed especially for poor people suffering from financial exclusion and often dependent on informal sources such as exploitative moneylenders. The different benefits, characteristics and products of microfinance will be highlighted hereafter. First a general country profile will be given with the most important economic features such as the development of GDP, economic structure, inflation and unemployment rates. The latter raises concerns, especially among young academics.
Downloads
References
Al-Amana:Chiffresclésà finmai 2013,Onlinehttp://www.alamana.org.ma/rub.aspx?id=43DownloadJuly2013c.
Al-Amana:Indicateursd’activite,Tableaudebordmai 2013 http://www.alamana.org.ma/images/Tab-bord-mai2013.pdf, Download July 2013d.
Al-Amana:TendancesdecroissancepourlesecteurdumicrocréditauMaroc,Online http://www.alamana.org.ma/Actualites.aspx?id=2474, Download July 2013e.
Allaire,Virginie;Ashta,Arvind;Attuel-Mendes,Laurence;Krishnaswamy,Karuna: InstitutionalAnalysisto explaintheSuccessofMoroccanMicrofinanceInstitutions, June2009.
Benmansour,Saâd;Harmak,Réda:FondationBP pourlemicrocrédit/Zakoura:histoired'un sauvetage,inLaVieéco,DownloadJuly2013,http://www.lavieeco.com/news/economie/fondation-bp-pour-le-microcredit-zakoura-histoire-d-un-sauvetage-13680.html,May2009.
Brandsma,Judith,Chaouali,Rafika:MakingMicrofinanceWorkintheMiddleEast and
NorthAfrica,WorldBank,1998.
Brugger,ErnstA.:Microfinance InvestmentsFunds,LookingAhead. In:Microfinance
InvestmentFunds,EditorsIngridMatthäus-Maier,J.D.vonPischke,Berlin2006.
CIA:TheWorldFactbook–Morocco,https://www.cia.gov/library/publications/the-world-factbook/geos/mo.htmlDownloadApril2013.
Constitutiondela FNAM,DownloadJuly2013www.fnam.ma/article.php3?id_article=23, May2004.
ConstitutionRoyaumeduMaroc,http://www.sgg.gov.ma/constitution_2011_Fr.pdf, DownloadJuly2013,Seriedocumentationjuridiquemarocaine,Edition2011.
Crépon,Bruno; FlorenciaDevoto;EstherDuflo (2012;WilliamParienté:Evaluationdel'impactdu microcréditenzoneruraleauMaroc,AFDSérie Analysesd’impact.
Duval,Ann (2001):EvaluationduSecteurduMicrocréditauMaroc,ProjetdeRapport,EconomistIntelligenceUnit (2012):Globalmicroscopeonthemicrofinancebusinessenvironment.
FBPMCFondationMicro-Crédit,GroupeBanquePopulaire:ActivityReport2011. FBPMCFondationMicro-Crédit,GroupeBanquePopulaire:Rapportd’activité2009.
Felder-Kuzu,Naoko:MakingSenseMikrofinanzierungundMikrofinanzinvestitionen, Hamburg2005.
FNAM:ChiffresduSecteur, http://www.fnam.ma/rubrique.php3?id_rubrique=16,DownloadMarch2012.
Glaubitt,Klaus;Hagen,HannsMartin;Schütte,Haje:MainstreamingMicrofinance–Quo VadisMicrofinanceInvestments?In:MicrofinanceInvestmentFunds,EditorsIngrid Matthäus-Maier,J.D.vonPischke,Berlin2006. DOI: https://doi.org/10.1007/978-3-540-72424-7_12
Grameen-Jameel:TheMicrocreditSectorinMoroccoPreandPostCrisis,June2012.
GTAIGermanTradeandInvest:WirtschaftsdatenkompaktMarokko,DownloadJune2013http://www.gtai.de/GTAI/Content/DE/Trade/Fachdaten/PUB/2012/11/pub201211268022_159360.pdfMai2013.
Helmes,Brigit;XavierReille:InterestRateCeilingsandMicrofinance,TheStorySoFar.
CGAPOccasionalPaper9,September2004.
Hermes,Niels; Lensink,Robert:TheEmpiricsof Microfinance:Whatdoweknow?In:theEconomicJournal117,February2007.
IMF:WorldEconomicOutlookDatabase,April2013.
Isaia,Eleonora:MicrocreditinMorocco:theZakouraFoundation’sExperience,UniversityofTurin,June2005.
Islam,Tazul:MicrocreditandPovertyAlleviation,Tokyo2007.
Köhn,Doris;Jainzik,Michael:SustainabilityinMicrofinance–VisionsandVersionsforExit byDevelopmentFinance Institutions.In:MicrofinanceInvestmentFunds,Editors IngridMatthäus-Maier,J.D.vonPischke,Berlin2006. DOI: https://doi.org/10.1007/3-540-28071-5_10
Kurze,Thomas:AktuelleProblemeundChancen.IndiebankZeitschriftfürBankpolitikund Praxis:www.die-bank.de/banking/aktuelle-probleme-und-chancen/?searchterm=AktuelleProblemeundChancen,DownloadJuly2013.
Ledgerwood,Joanna;White,Victoria:TransformingMicrofinance Institutions,Providing
FullFinancialServicestothePoor.Washington2006
Littlefield,Elisabeth;Morduch,Jonathan;Hashemi,Syed:IsMicrofinanceandeffective strategyto reachtheMillenniumDevelopmentGoals?In:CGAPFocusNoteNo24, January2003.
LivreBlancduMicrocréditauMaroc:DownloadJuly2013.http://cm6-microfinance.ma/uploads/file/Livre%20blanc%20du%20Microcr%C3%A9dit%20au%20Maroc%20(En%20fran%C3%A7ais).pdf, October 2012.
LoiN°58-03modifiantetcomplétantlaloin°18-97relativeaumicro-crédit,Mai2004. LoiN°18-97relative auMicrocrédit,April1999.
Maeser,PaulP.:Mikrofinanzierungen–ChancenfürdieEntwicklungspolitikund
RahmenbedingungenfüreineneffizientenEinsatz.FHWWorkingPaperNo.39,May
Martin,Anne-Sophie:MicrofinancelanouvelleloiadoptéeparlaChambredesConseillers,in LaVieéco,
MicrocreditSummitCampaign2011,http://stateofthecampaign.org/data/2011-data/ DownloadJuly2013.
MicrocreditSummitCampaignOnline:http://www.microcreditsummit.org.
MinistryofEconomyandFinance:DefinitionMicrocredit(2013)
MIXMarket:Cross-marketAnalysis,Percentof femaleborrowers,MIXMarket:Cross-marketAnalysis,Portfolioat risk(2013)MIXMarket: Microfinance.2010.
Morduch,Jonathan;Haley,Barbara:AnalysisoftheEffectsofMicrofinanceonPoverty
Reduction,NYUWagnerWorkingPaperNo.1014,June,2002.
NobelPrize:TheNobelPeacePrize2006,MuhammadYunus,Grameen BankPressRelease,.
Pindyck,RobertS.;Rubinfeld,Daniel L.:Microeconomics,Eighthedition,2012.
Reille,Xavier;R.Lyman Timothy:DiagnosticReportontheLegal andRegulatory
EnvironmentforMicrofinanceinMorocco,June2005.
Rosenberg,Richard:CGAPReflectionsontheCompartamosInitialPublicOffering:ACaseStudyonMicrofinanceInterestRates andProfits.FocusNote42,June2007.
Rosenberg;Richard;Gonzalez,Adrian;Narain,Sushma:AreMicrocredit InterestRatesExcessive? CGAPBrief February2009. DOI: https://doi.org/10.2139/ssrn.1401476
Shabbir, M. S. (2014). The impact of human resource practices on employee perceived performance in pharmaceutical sector of Pakistan. African Journal of Business Management, 8(15), 626-632. DOI: https://doi.org/10.5897/AJBM2013.7295
Shabbir, M. S. (2014). The Level of Entrepreneurship Growth and Obstacles In Trade Openness: A Comparative Study Of Asian Countries Pakistan, India And Malaysia. Journal of Contemporary Management, 3(4), 33-47.
Shabbir MS (2015) Innovation and Competitiveness Lead to Industrial Trade. Business and Economics Journal, Vol 6(4): 181. DOI: https://doi.org/10.2139/ssrn.2659847
Shabbir MS (2015) Why Manufacturers are Less Powerful than Retailers in Trade Circles? A Case Study of Wal-Mart Retailing Businesses. Business and Economics Journal, Vol 6 (4): 177.
Shahzad M, Rehman A (2015) Barriers to Service Quality in the Banks of Pakistan: A Comparative Study of Islamic and Conventional Banks. Business and Economics Journal, Vol 6 (4): 178
Shabbir et al (2016) Impact of Social Media Applications on Small Business Entrepreneurs. Management and Economics Research Journal, Vol. 2, Pages 1–6 DOI: https://doi.org/10.18639/MERJ.2016.02.200914
StröhdeMartínez,Christiane:Financeforthepoorindemand:Whousesmicrofinanceand why? HWRWorkingPaperNo.10,2011.
Swope,Tessie:MicrofinanceandPovertyAlleviation.InRollinsUndergraduateResearch
Journal,Volume2,Spring2010.
TransparencyInternational:CorruptionPerceptionsIndex2012,December2012.
VanrooseA.:Whatmacrofactorsmakemicrofinanceinstitutionsreachout? CentreEmileBernheimWorkingPaperN°08/036,October2008.
Wibme (2012):MoroccoDevelopingSME'sas anengineforgrowth.
WorldBank (2012):Countryand LendingGroups.
YearofMicrocredit:BuildingInclusiveFinancialSectorstoAchievetheMillennium
DevelopmentGoals.OnlineMay2013,www.yearofmicrocredit.org,2005.
Yunus,Muhammad (2003):BankertothePoor,Micro-LendingandtheBattleagainstWorldPoverty,NewYork.
Zakoura (2013):PerformanceSociale&Financière,DistinctionsdelaFondationZakouraMicro Créditet desesPorteursdeProjet.
Downloads
Published
How to Cite
Issue
Section
License
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
