Microfinance institutions (MFIs) proved to be a powerful tool for financial inclusion through developing entrepreneurial activities in rural areas. MFIs provide small-scale loans to the poor who have no access to traditional banking and financial system. However, in the pursuit to meet their...

Latest development in the microfinance industry, such as; transformation of non-profit microfinance institutions (MFIs) into a profit oriented financial intermediaries or commercialization to channel private equity emerge a great significance to evaluate the relationship between source of funds...

Despite the emerging concern of mission drift, microfinance institutions (MFIs) in various developing nations have been commercializing and transforming into regulated financial intermediaries. However, a hidden dread is still alive until it is disclosed that the regulated MFIs are actually...