Abstract

The current research undertook a systematic literature review to pinpoint variables that assist in achieving gender equality via microfinance. A search was carried out using the SCOPUS database in December 2024. A comprehensive analysis was conducted on 57 manuscripts to pinpoint determinants and indicators vital for long-term poverty alleviation in microfinance settings. This article highlights that reducing poverty requires ongoing collaboration between Microfinance Institutions (MFIs) and governmental bodies. Empowering lenders and guaranteeing profitability are crucial success elements for microfinance programs. When integrated and coordinated, these variables might assist people in achieving gender equality through encompassing legal reforms, challenging societal norms, and promoting equal access to education and economic opportunities. The research investigation demonstrates the influence of personality traits on long-term entrepreneurial performance. The findings offer useful tools for MFIs and policymakers. MFIs can use this framework to guide their interventions to achieve long-term gender equality goals. Policymakers may employ determined features and metrics to develop and carry out microfinance policies aimed at reducing inequality over time. This paradigm links factors to measuring indicators, allowing for a comprehensive assessment of gender equality programs.