Does product diversification and emphasis on profitability in microfinancing alleviate poverty?

Microfinancing institutions (MFIs) are likely to change their management policies and focus more on profitability and product diversification as they mature and expand in size because of a number of reasons, including among them, donor pressure and/or lack of funding to expand. The present study empirically tests whether such changes occur in MFIs over time and how these changes affect their performance with regard to alleviating poverty.