Microfinance is that part of the financial sector which comprises formal and informal financial institutions, small and large, that provide small-size financial services to the lower segments of the population. Size of financial services is relative and varies widely by the economic development...

Microfinance is thus not a recent development, and it is not just a temporary solution for poor countries. Every now developed country has its own history of microfinance. It is important to recognize this because it presents a view different from that of many in the microfinance community who...

Academic research generates scholarly publications which practitioners do not read. Practitio-ners face challenges which scholars do not address. They speak different languages and move in different worlds. In a field now known as microfinance, this paper is a personal account of taking turns...