Understanding borrowers’ behavior is essential in making lending decisions, strengthening
financial inclusion, and alleviating poverty. This research adopts a bibliometric
approach to provide an overview of the borrower’s behavior relative to the selected
literature. Bibliometric analysis quantifies the impact and quality of scientific
production. This study reviewed 989 articles obtained from SCOPUS and published from
1987 to 2023. Data were cleaned, formatted, and analyzed using VOS viewer (1.6.19)
and the R-Bibliometrix package. The research established an increased interest in
borrowers’ behavior among scholars. Nonetheless, it is overshadowed by studies in
lending behavior, microfinance, banking, peer-to-peer lending, and fintech. The scholarly
focus is mainly on the supply side of the credit industry with little regard to demand-side
dynamics, such as borrowers’ decision-making processes, which can affect the performance
of credit facilities. This study recommends that further studies on credit facility
demand-side dynamics should be carried out to understand the drivers of borrowers’
decisions.
