Microcredit Guarantee Funds in the Mediterranean (eBook)

Sabrina Leo, 'Sapienza' University of Rome, Italy Fabiomassimo Mango, 'Sapienza' University of Rome, Italy Ida Claudia Panetta, 'Sapienza' University of Rome, Italy

Cover 1
Half-Title 2
Title 4
Copyrights 5
Contents 6
List of Figures and Boxes 9
List of Tables 10
Acknowledgements 12
About the Authors 14
1 Introduction 15
1.1 Microfinance: definition, products and services 15
1.2 Microcredit: a brief overlook 19
1.3 Microcredit guarantees 22
1.4 Microcredit guarantee funds: main general features 24
1.5 The research: methodology and logic analysis scheme 27
2 Regulatory Framework and Supervisory Authorities in Microcredit Sector: A Comparative Analysis 36
2.1 Regulatory Framework and Supervisory Authorities in Morocco 36
2.2 Regulatory Framework and Supervisory Authorities in Tunisia 40
2.3 Regulatory Framework and Supervisory Authorities in Egypt 44
2.4 A comparative analysis of Morocco, Tunisia and Egypt 50
2.5 Regulatory Framework and Supervisory Authorities in Italy 54
2.6 Regulatory Framework and Supervisory Authorities in Spain 62
2.7 Regulatory Framework and Supervisory Authorities in France 65
2.8 A comparative analysis of Italy, Spain and France 70
The EU Commission communication 71
3 Mapping Microcredit Institutions/Operators: A Comparative Analysis 77
3.1 Microcredit institutions/operators in Morocco 77
Limits of microcredit sector in Morocco 82
3.2 Microcredit institutions/operators in Tunisia 83
Limits of microcredit sector in Tunisia 89
3.3 Microcredit institutions/operators in Egypt 90
Limits of Microcredit sector in Egypt 100
3.4 Mapping microcredit institutions/operators: A comparative analysis of Morocco, Tunisia and Egypt 101
3.5 Microcredit institutions/operators in Italy 104
Limits of microcredit sector in Italy 110
3.6 Microcredit institutions/operators in Spain 111
Origins of microcredit in Spain 111
The business model 112
Microcredit operators: main characteristics 114
Limits of microcredit sector in Spain 120
3.7 Microcredit institutions/operators in France 121
The market 121
Operating experiences and models 126
3.8 Mapping Microcredit institutions/operators: a comparative analysis of Italy, Spain and France 133
4 The Microcredit Guarantee Funds and Institutions: A Comparative Analysis 145
4.1 The microcredit guarantee funds and institutions in Morocco: main features 146
Caisse Centrale de Garantie 146
Guarantee funds financed by USAID 148
4.2 The microcredit guarantee funds and institutions in Tunisia: main features 153
4.3 The microcredit guarantee funds and institutions in Egypt: main features 156
The Credit Guarantee Corporation (CGC) 157
Cooperative Insurance Society for Small Enterprises 164
4.4 The microcredit guarantee funds and institutions in Italy: main features 166
Limits of the microcredit guarantee fund sector in Italy 173
4.5 The microcredit guarantee funds and institutions in Spain: main features 175
Evolution of the public guarantees: the SpanishGuarantee Fund 176
Microcredit and SGR guarantee 179
4.6 The microcredit guarantee funds and institutions in France: main features 183
Microcredit for enterprise support 184
The Fogefi funds 185
The “loi Galland” funds 187
4.7 Comparative analysis of the guarantee funds and institutions among African and European countries 191
Annex 1 Some of the microcredit programmes of the Apulia Regional Administration 205
Annex 2 Financial inclusion and guarantee funds: Madrid, a case study 217
5 Nearly Conclusive Considerations 226
Bibliography 234
Index 240