MICROFINANCE IN THE MIDDLE EAST AND NORTH AFRICA

Abstract

The main purpose of the study is to identify the positive impacts of microfinance in Africa’s developing countries and the Middle East. In the third world countries and the Middle East, Microfinance has provided essential funds. This study also outlines the state of microfinance in Middle East and Northern Africa (MENA). This study identifies the barriers of microfinance in order to understand the state of microfinance in Middle East and Northern Africa these countries. This study covers the state and benefits of microfinance in MENA as to venture in these economies so as to build up ways to increase revenue in these countries. This study used descriptive methodology based on the literature from previous recent studies. The data sources of this study are from data banks such as the World Bank data and the administrative bureau of statistics within these regions. Result shows that growing population in MENA region and prompt establishment of small and medium enterprises rapid, also the recognition of governments regarding the contribution of microfinance result growth and transformations in the microfinance industry