The micro credit sector in Lebanon: Al Majmoua experience,

Publisher: University of Turin
Author: Eleonora Isaia
Type: Report
Keywords: Microfinance, Lebanon, Micro credit, Niches
Location in CRTDA: Available in soft copy at the Machreq/Maghreb Gender Linking and Information Project (MACMAG GLIP) Library

The microfinance sector in Lebanon, born in the late nineties, seems to be going through its first period of stalemate, despite its young age, relative to the more consolidated international experiences. In fact, the high market growth ran out only a in few years and since 2002 further improvement or significant changes have not been registered. This is essentially due to the very high market concentration in the hands of two big institutions âAl Majmoua and AMEEN (Access to Microfinance and Enhanced Enterprise Niches)â and to the insufficient attention of the local government in promoting and financing new micro credit initiatives. Nevertheless, the static market condition could be more apparent than real: in fact, AMEEN, with its micro credit model that is not traditional but much more similar to the industrialised countries practices, has conquered the leadership and could set in motion a radical change of all the Arab micro credit industry. This innovation could be interesting not only for Lebanon, but also for the other Arab countries whose microfinance sectors need urgent measures if they are to revive and surge again.

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