MicroFinance Institutions (MFIs) have assumed prominence as important lending institutions in the economic development process of developing countries. However, in Ghana, 2013 witnessed unprecedented collapses of MFIs, in spite of the fact that they met the minimum requirement for licensing by the Bank of Ghana. This paper is a systematic literature review or conceptual article that examines the two perspectives: (1) Overtrading as cause of MFIs’ failures and (2) Lack of qualified staffs as cause of MFIs’ failures. The purpose of this article is to evaluate the relative merits of those two perspectives. This review appeared to support the view that both perspectives are contrib
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