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International Economics

Center for the Middle East

Bank-Insured RoSCA for Microfinance: Experimental Evidence in Poor Egyptian Villages

Mahmoud A. El-Gamal

Bank-Insured RoSCA for Microfinance: Experimental Evidence in Poor Egyptian Villages.

This paper proposes an alternative microfinance model built on Islamically acceptable principles, and tests its performance against Grameen-style microcredit in a "laboratory experiment in the field" conducted in poor Egyptian villages.