Microfinance: What Do We Know? Where Do We Go? examines micro lending, which has become a global phenomenon where small unsecured loans are made to the poorest people usually in groups so that the borrowers can invest the money in some business or related entrepreneurial venture and improve their social and economic conditions. The practice was first conceived of and operationalized by Mohammed Yunus in the villages of Bangladesh in the late seventies. Since those humble beginnings, microfinance has come a long way with almost every country around the world has some form of a microlending...