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Microfinance: where are we and where are we going?

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  • Serafim Nogueira
  • Fábio Duarte
  • Ana Paula Gama

Abstract

This article provides a systematic literature review of growing research on microfinance, as promoted by scholars and policymakers in an entrepreneurial finance context. The results suggest promising opportunities for further research on microfinance in developed countries. Bibliometric analyses were used to identify three main dimensions of microfinance that guide academic research: social considerations, economic effects, and performance of microfinance institutions. Most literature focuses on developing countries, reflecting the success of microfinance as an instrument for promoting social and economic development. A keyword co-occurrence analysis reveals that financial inclusion and entrepreneurship domains remain empirically underexplored.

Suggested Citation

  • Serafim Nogueira & Fábio Duarte & Ana Paula Gama, 2020. "Microfinance: where are we and where are we going?," Development in Practice, Taylor & Francis Journals, vol. 30(7), pages 874-889, October.
    • Handle: RePEc:taf:cdipxx:v:30:y:2020:i:7:p:874-889
    DOI: 10.1080/09614524.2020.1782844
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    Cited by:

    1. Mª Celia López-Penabad & José Manuel Maside-Sanfiz & Yousif Agha & Ana Iglesias-Casal, 2024. "Microfinance Institutions and Corporate Social Responsibility. A scientometric study," Future Business Journal, Springer, vol. 10(1), pages 1-25, December.
    2. Gallego-Losada, María-Jesús & Montero-Navarro, Antonio & García-Abajo, Elisa & Gallego-Losada, Rocío, 2023. "Digital financial inclusion. Visualizing the academic literature," Research in International Business and Finance, Elsevier, vol. 64(C).
    3. Liu, Aiping & Urquía-Grande, Elena & López-Sánchez, Pilar & Rodríguez-López, Ángel, 2023. "Research into microfinance and ICTs: A bibliometric analysis," Evaluation and Program Planning, Elsevier, vol. 97(C).
    4. A K M Zakaria, 2023. "A study of the challenges and opportunities in marketing and customer relationship management for microfinance institutions serving refugee entrepreneurs in Europe," Working Papers 0075, Silesian University, School of Business Administration.
    5. Goel Vishal, 2024. "An Empirical Assessment of Microfinance and its Associated Socio-Economic Development," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 34(2), pages 110-143, June.
    6. Daniel Bamfo, 2022. "Microfinance Impacts and SME’S: Evidence from Ayawaso West Municipality, Ghana," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(1), pages 724-731, January.

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