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Les Facteurs Déterminants De La Performance Sociale Et De La Performance Financière Des Institutions De Microfinance Dans La Région Mena : Une Analyse En Coupe Instantanée


  • Philippe ADAIR

    () (ERUDITE, Université Paris-Est Créteil)

  • Imène BERGUIGA

    () (ERUDITE, Université Paris-Est Créteil)


La microfinance se développe progressivement dans la région du Moyen-Orient et d’Afrique du Nord (MENA) à travers des institutions de microfinance (IMF) très variées. L’objectif de la plupart de ces IMF est de concilier la performance sociale (PS) qui vise à réduire la pauvreté et la performance financière (PF) qui vise à assurer une rentabilité pérenne. Y a t-il arbitrage ou compatibilité entre ces deux types de performances ? Une analyse factorielle en coupe instantanée sur un échantillon de 51 IMF dans 9 pays de la région MENA examine la relation entre ces deux performances. Il n’y a pas d’arbitrage pour certaines IMF qui conjuguent les deux performances, dont les facteurs déterminants varient notamment selon le statut (ONG vs non ONG), la maturité, la méthodologie de prêt (solidaire vs individuel), la zone d’interven-tion (rurale vs urbaine), le niveau de transparence informationnelle, la locali-sation géographique et la réglementation des pays dans lesquels œuvrent ces IMF. Abstract - Microfinance is gradually developing in the Middle East and North Africa (MENA) region through a variety of microfinance institutions (MFIs), and the goal of most of these institutions is to achieve the best performance, which can be reached once an MFI is able to reconcile its social performance (SP), by reducing poverty, and its financial performance (FP), by trying to be profitable and sustainable. 1s there a trade-off between these two performances or are they compatible? Following a cross-section factor analysis, we examine the relationship between SP and FP on a sample of 51 MFIs in 9 selected countries of the MENA region: There is no trade-off for some MFIs, which achieve both performances; the determinants vary according to the status (NGO vs. non NGO), maturity, credit methodology (collective vs. individual), intervention areas (rural vs. urban), level of information disclosure, location and regulations of the countries wherein MFIs operate.

Suggested Citation

  • Philippe ADAIR & Imène BERGUIGA, 2010. "Les Facteurs Déterminants De La Performance Sociale Et De La Performance Financière Des Institutions De Microfinance Dans La Région Mena : Une Analyse En Coupe Instantanée," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 32, pages 91-120.
  • Handle: RePEc:tou:journl:v:32:y:2010:p:91-120

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    References listed on IDEAS

    1. Besley, Timothy & Coate, Stephen, 1995. "Group lending, repayment incentives and social collateral," Journal of Development Economics, Elsevier, vol. 46(1), pages 1-18, February.
    2. Conning, Jonathan, 1999. "Outreach, sustainability and leverage in monitored and peer-monitored lending," Journal of Development Economics, Elsevier, vol. 60(1), pages 51-77, October.
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    Cited by:

    1. repec:pal:eurjdr:v:31:y:2019:i:2:d:10.1057_s41287-018-0156-1 is not listed on IDEAS
    2. Arrassen, Wassini, 2013. "La microfinance : quelles leçons tirées des expériences des pays en développement ?," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/12692 edited by Avouyi-Dovi, Sanvi.
    3. Philippe Adair & Imène Berguiga, 2015. "The interest rates and performance of MFIs in the MENA region: is there a moral issue?," Post-Print hal-01667342, HAL.
    4. Imène Berguiga & Yosra Said & Philippe Adair, 2017. "The social and financial performance of Microfinance institutions in the MENA region: Do Islamic institutions perform better?," Post-Print hal-01667406, HAL.
    5. Daniele TUEDEM WAFFO & Jules Roger FEUDJO & dagobert NGONGANG, 2016. "Mécanismes de gestion du risque de crédit ex ante et performance globale des EMF camerounais," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 7(2), pages 53-69, November.
    6. Ben Abdelkader, Ines & Hathroubi, Salem & Ben Jemaa, Mohamed Mekki, 2012. "Microfinance Institutions’ Efficiency in the MENA region: a Bootstrap-DEA approach," EconStor Preprints 69525, ZBW - Leibniz Information Centre for Economics.
    7. Philippe Adair & Imene Berguiga, 2017. "What Determines Premium of MFIs in the Mena Region? A Panel Data Analysis (2004- 2014)," Post-Print hal-01667346, HAL.
    8. Tlili, Afef, 2019. "La microfinance dans la région MENA entre performance financière et performance sociale : étude de cas de 18 IMF
      [Microfinance in the MENA region between financial performance and social performanc
      ," MPRA Paper 93594, University Library of Munich, Germany.
    9. Sanae Solhi & Sidi Mohamed Rigar, 2014. "Pérennité Et Efficience Des Institutions De Microfinance Dans La Région MENA," Working Papers 829, Economic Research Forum, revised May 2014.
    10. repec:ibn:ijefaa:v:9:y:2017:i:4:p:207-224 is not listed on IDEAS
    11. Tlili, Afef, 2019. "Evaluation de la performance des institutions de microfinancement (IMF) : étude de cas des IMF de la région MENA
      [Performance evaluation of microfinance institutions (MFIs): a case study of MFIs in
      ," MPRA Paper 93217, University Library of Munich, Germany.

    More about this item



    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship


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