Microfinance (MF) has grown over the last two decades into an important sub-field of development studies. This special issue of <italic>Oxford Development Studies</italic> explores the contributions of MF, drawing particularly on research conducted in India. After a brief overview of the emergence of MF as a...

Inclusive financial sectors are important for development in terms of equity and efficiency. Although microfinance has developed rapidly, little is known about the actual costs for clients to access microfinance services, except for interest rates. The insufficient outreach of microfinance in...