Recent Developments in Microfinance and Beyond

35 Pages Posted: 5 Nov 2011 Last revised: 26 Mar 2012

See all articles by Ayi Gavriel Ayayi

Ayi Gavriel Ayayi

Université du Québec

Maty Sene

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

Date Written: January 10, 2011


This paper surveys recent research on microfinance and suggests directions for future research. New empirical evidence has emerged, and new theoretical models have resolved some issues. The paper selectively examines recent findings, particularly theoretical and empirical works that deal with the financial and social goals that microcredit must fulfill to provide long-term sustainable poverty reduction. Finally, some issues for which new research is needed are identified.

Keywords: Microfinance, Credit Risk, Outreach and Financial Sustainability, Inclusive finance, Regulation and Supervision, Impact Evaluation, Group Lending, Products, Supply and Demand

JEL Classification: G21

Suggested Citation

Ayayi, Ayi Gavriel and Sene, Maty, Recent Developments in Microfinance and Beyond (January 10, 2011). Available at SSRN: or

Ayi Gavriel Ayayi (Contact Author)

Université du Québec ( email )

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Maty Sene

affiliation not provided to SSRN ( email )

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