The global microfinance movement is driven by the claim that once poor micro-entrepreneurs are provided access to … substantiate this claim. This paper reports on a field experiment conducted in Pakistan, in co-operation with Akhuwat microfinance … microfinance institutions in Pakistan. …

This essay attempts to examine theoretically whether the group lending component in many microfinance programmes … returns, this could result in lower expected returns, potentially explaining the limited success of microfinance schemes in …

This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold: 1) Microfinance has become less risky and more closely correlated with the financial sector, 2 …

In this paper we examine the interaction between social and financial returns in microfinance. Running multivariate … regression models and using 1,508 observations on microfinance institutions between 2004 and 2010, we find strong evidence …