Micro Finance Institutions' behavior: Determinants of portfolio quality in MENA region

摘要

This paper aims to explain repayment default phenomenon. In other term, it tries to identify MFIs determinants and estimate their effects basing on panel data about MENA region. For that, we revise related literature in order to define variables impacting repayment default also called portfolio at risk (PAR) and to specify model form that estimates its effects and tests its significance. Empirical work is done on 30 MFIs from MENA region over the period 2000-2013. Main finding show that portfolio quality is determined positively by woman lagged PAR (PAR-1), gross loan portfolio, average loan per borrower.