LESSY , Djaffar

The thesis addresses three questions. The first (Chapter II) presents a Markov model for microcredit leading to inclusion, the second (Chapter III) offers models for certain products of Islamic finance: Profit and Loss Sharing (PLS) and Cost-Plus financing (CPF), the third (Chapter IV) proposes a game theory model for the PLS contract.Chapter I...

We consider a Markov-Chain model for a Microfinance Institution (MFI) borrower who can be in one of four states: Applicant (A), Beneficiary (B − or B +) of a small or a large loan, or included (I) in the regular banking system. Given the transition matrix we compute the equilibrium and deduce the influence of probability parameters on what is...