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A Comprehensive Review of Microfinance Impacts, Sustainability and Outreach

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  • Rahman, M. Wakilur
  • Luo, Jianchao
  • Hafeez, A. S. M. Golam
  • Sun, Tongquan

Abstract

This study reviews peer reviewed journal articles on microfinance impacts, sustainability, and outreach over the period 1997 to 2011. The review suggests mixed results on the impacts of microfinance worldwide, and fails to discover a concrete relationship between outreach and sustainability. However, the review confirms microfinance institutions extend financial and non-financial services to the bottom of the pyramid ignored by traditional financial institutions and considered un-bankable. The paper contributes to extant microfinance literature and guides inexperienced microfinance practitioners toward further academic research and publishing their work in relevant journals.

Suggested Citation

  • Rahman, M. Wakilur & Luo, Jianchao & Hafeez, A. S. M. Golam & Sun, Tongquan, 2015. "A Comprehensive Review of Microfinance Impacts, Sustainability and Outreach," Asian Journal of Agricultural Extension, Economics & Sociology, Asian Journal of Agricultural Extension, Economics & Sociology, vol. 6(2).
    • Handle: RePEc:ags:ajaees:357373
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    References listed on IDEAS

    as
    1. Sharma, Manohar & Zeller, Manfred, 1999. "Placement and Outreach of Group-Based Credit Organizations: The Cases of ASA, BRAC, and PROSHIKA in Bangladesh," World Development, Elsevier, vol. 27(12), pages 2123-2136, December.
    2. Hartarska, Valentina & Nadolnyak, Denis, 2008. "An Impact Analysis of Microfinance in Bosnia and Herzegovina," World Development, Elsevier, vol. 36(12), pages 2605-2619, December.
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    7. Mark M. Pitt & Shahidur R. Khandker & Omar Haider Chowdhury & Daniel L. Millimet, 2003. "Credit Programs for the Poor And the Health Status of Children in Rural Bangladesh," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(1), pages 87-118, February.
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