The role of microfinance in supporting solidarity economy. Study of a number of Arab countries

Microfinance is the provision of financial services to individuals or small businesses who lack access to traditional banking system because of lack of guarantees. It aims to support underserved groups through microcredit and other financial services. It differs from traditional funding in its size and flexible terms. This study aims to explore the role of microfinance in supporting the solidarity economy. We have used a descriptive and analytical approachtoshed light the importance of microfinance and the solidarity economy, and we have analyzed some of the Arab experiences that have succeeded in this activity. The study found that microfinance has a crucial role in supporting solidarity economy by enabling poor and economically marginalized groups access the necessary funding to develop small and medium-sized enterprises. This contributes to foster financial inclusion and create new job opportunities helping reduce the economic gap between classes and promoting social solidarity. The study also confirmed the success of Arab experiences in the field of microfinance and solidarity economy support. These experiences have shown their ability to promote financial inclusion, economically empowervulnerable groups, and support small enterprises that contribute to sustainable development and social solidarity enhancement.