"This book was written as a result of repeated requests from practitioners and donor agencies in the microfinance field. It draws on the author's research and thirteen years of practical experience in Bangladesh, Philippines and East Africa, and on the large and growing microfinance literature." "The book discusses the many problems and challenges facing microfinance, and offers experienced, down-to-earth recommendations for practitioners. While advocating the power of microfinance to contribute to poverty alleviation, the author offers a stimulating and invaluable guided tour of the issues, suggesting and illustrating how these might be addressed. The book is a must for all seriously interested in the growing field of microfinance."--BOOK JACKET.