Mapping The Future Direction of Non-Profit Microfinance Institution Efficiency and Productivity Research: An Emerging Trend and Research Hotspot

Abstract

This study provides a thorough analysis of published literature to investigate the progress and unexplored aspects of research on the effectiveness and efficiency of non-profit microfinance institutions (MFIs). The research employs a systematic review technique and bibliometric analysis of 233 publications indexed in Scopus from 2000 to 2023. It leverages VOS Viewer to map keyword associations, identify main themes, and reveal the evolution of publication patterns. The findings precisely identify important contributions and developing topics, highlighting regions that have been missed and proposing new routes for research. In theory, the study improves the comprehension of efficiency and production dynamics in non-profit MFIs, by giving a structured academic framework. Methodologically, it presents a novel technique to doing bibliometric analysis in the field of non-profit microfinance institution (MFI) research. The research implications suggest a growing academic interest in exploring understudied aspects of efficiency and productivity in non-profit microfinance institutions (MFIs). The study offers important insights for policymakers, industry professionals, and researchers by highlighting the crucial role of non-profit microfinance institutions (MFIs) in providing microcredit to individuals who are not served by traditional banking systems. It emphasizes the necessity of enhancing the operational efficiency and productivity of these MFIs to maximize their social impact.