Microfinance institutions (MFIs) are often seen by aid practitioners as a manifestly effective means of improving the position of the poor. However, detailed research studies have been much more guarded about their impact. In particular, several studies have raised doubts about the effectiveness...

Despite the extensive spread of micro finance, studies on the actual impact of MFIs are often more ambivalent about its impact than is the aid community. Much has been written on the range of institutional arrangements pursued in different organizations and countries and in turn a vast number...

Despite the extensive spread of micro finance, studies on the actual impact of MFIs are often more ambivalent about its impact than is the aid community. Much has been written on the range of institutional arrangements pursued in different organizations and countries and in turn a vast number...

The current emphasis in the microfinance industry is a shift from donor-funded to commercially sustainable operations. This article evaluates the impact of access to microloans from the Khushhali Bank — Pakistan's first and largest microfinance bank which operates on commercial principles....