Microfinance or “financial services to the poor” is slowly but surely getting known to the public at large.
When I started promoting microfinance to the financial circles in Zurich back in 2002 it was quite difficult to get people excited about it. That lead to me to write the book Making Sense: Microfinance & Microfinance Investments which got published in 2004 followed by the German and Japanese language publications in 2005.
In February 2006 I attended to a Microfinance conference sponsored by ING in their headquarters in Amsterdam. The topic of this conference was the role of commercial banks in microfinance. Now many banks are getting active in this field. Microfinance is becoming mainstream. Since last year I started promoting MicroFranchising along microfinance and will continue to do so in the future entries.