Internationale Zeitschrift für Wirtschafts- und Managementwissenschaften

Microfinance has grown as a tool for economic development. Microfinance serves to alleviate poverty in underdeveloped countries while also promoting women's empowerment. The research state and future prospects of micro finance were identified using a bibiliometric analysis based on the Scopus data source from 2000 to 2021. Microfinance has progressed from a promise to a reality during the last two decades, albeit with ups and downs. This article examines 161 papers that have been indexed by Scopus. In 2020, the highest papers were published, which is the highest number in the last 20 years. The evolution of the most important topics to scholars is revealed by bibiliometric analysis. The key word analysis identifies developing research subjects, demonstrates the application of sophisticated approaches, and recognizes a new trend in the micro finance industry.