Microfinance has arisen as a self-regulating branch of study, an industry, a development strategy, and a revolution recently. The purpose of this book is to acquaint Commerce and MBA Finance students, Diploma for Microfinance Professionals and Diploma/Certificate Examination in Rural Credit students with the contents and latest developments in the field of Microfinance. Though primarily meant to be a textbook on Microfinance for management and Commerce students, the book promises to be of interest to management practitioners, administrators, and executives as well in the banking, finance, micro-credit, and rural credit sector. The book has been written based on the syllabus from some universities where Microfinance is a subject in Commerce and Management. Besides, the book covers the syllabus of the Diploma Examination in Microfinance.