Recent evidence shows that the poor desperately need access to savings products. But despite this general consensus, microfinance institutions (MFIs) offering savings products are still under-studied. Using random-effect probit estimation on a dataset of 722 MFIs active over the 2005-2010...

Contents: Introduction -- Part I: Framing research on microfinance and financial inclusion -- 1. The challenges of social investment through the microfinance lens / Jonathan Morduch and Timothy Ogden -- 2. Microfinance and management theory / Brian Hathaway and Tyler Wry -- 3. Breaking away from...