The most debated topic in microcredit has always been that of interest rates, especially because the prices paid by low-income customers tend to be higher than conventional bank rates, and Interest rates for some MFIs have exceeded the 100% annual rate on an effective basis. In Egypt, microcredit rates are increasingly criticized and considered unreasonably high, while it is immoral to impose high prices on the poor. At least once a year you have to find an article in an Egyptian newspaper that calls for the need to create "a bank for the poor". Driven by a religious perspective and a long history of subsidized policies, the desire for a bank for the poor in Egypt has always centered on the idea of ​​providing credit to low-income families “without interest rates or guarantees.” price for an ordinary and important service, and the unpleasant news that everyone already knows, is that sustainable priceless loans have never existed nor will exist, yet the debate in Egypt continues. In their brilliant book “Portfolios of The Poor,” Collins et al. (2006) explain it; “Interest rates can often be better understood as fees for a service rather than as rates for using money for a specific period.” Well, requests in Egypt for priceless loans divert our attention from what should actually be done, “the focus should be on how to reduce costs per customer”, (Roy and Øystein, 2010). Therefore, the question of what determines microcredit interest rates in Egypt has become increasingly important. The study seeks to analyze the actual interest rates charged by microcredit providers in Egypt, the key factors determining these rates, and the prospects of providing credit at reasonable prices to low-income Egyptians. Because the poop... half the paper... ....great wallet. The average five-year loan portfolio of a tier-1 NGO-MFI is more than EGP 15 million and the average number of active borrowers is more than 7,000 customers. The data for first-level NGO-MFIs covers the period from 2007 to 2011, while since the funding requirements of the SFD require the submission of only three years of financial statements, the data for second-level NGO-MFIs covers only the period from 2009 to 2011. The selection of the second-tier NGO-MFIs included in the study was based on the availability of data and the quality of financial reporting. Since few NGO-MFIs regularly report data to the MIX market in Egypt, the additional data was composed from the financial statements reported to the SFD. Furthermore, the study used NGO and MFI monitoring and evaluation reports related to FDI-financed projects to hypothesize the “average loan size” of NGOs and MFIs and the “number of active borrowers”.”.