The Default Risk Management in Financial Institutions： Case of the Credit Risk in Lebanese MFIs  

作　　者：Riad Makdessi Selim Mekdessi 

机构地区：[1]Lebanese University, Beirut, Lebanon

出　　处：《Economics World》2014年第2期112-123,共12页经济世界（英文版）

摘　　要：In Lebanon, as in some countries, the major financial institutions in the economy experienced by the country in the aftermath of independence were banks and insurance companies. However, the operation of these financial institutions obeys to some requirements that are not often likely to allow economic agents with low purchasing power to obtain the necessary funds to finance their production activities. Microfinance therefore comes in as the beginning of seeking effective market oriented solutions to the provision of substantial and effective financial resource for poor groups of people who do not have access to financial service from formal government and private financial institution. Microfinance Institutions （MFIs） are created for a social and sometimes non-profit objective. In Lebanon, many limitations hinder the development of MFIs including the lack of regulations, economic conditions, insecurity, political conflict, financial resources, and the risk of interest rates. Microfinance in Lebanon saw the light during the 1975-1990 Civil War through programs of charitable and community organizations, and really started to develop only in the second half of the 1990s. Capping interest rates may affect the access of poor people to financial services. The problem is that the granting of very small loans involves inevitably higher administrative costs than those offered by traditional bank loans. Therefore, MFIs that seek profitability should have higher interest rates than those charged by traditional banks. By providing money to poor people, how do MFIs in Lebanon reduce the credit risk？ This theme＇s treatment requires a qualitative analysis development. Indeed, after the selection of a representative sample, semi-structured interviews were done with the MFIs managers, and several researches done on this topic were analyzed. The data obtained from the above are treated by the triangulation of different data and the interviews analysis by the method of discourse content analysis. In addition, a literature

关 键 词：default risk MICROFINANCE MFIS credit risk Lebanese MFIs 

分 类 号：F11[经济管理—国际贸易]