Microfinance institutions (MFIs) have been successful in providing credit to millions of low-income borrowers in groups previously excluded from formal financial services, but they often charge interest rates that many claim are excessive. We examine microfinance interest rates and their...

Foreword / by Waldemar W. Wirsig -- Introduction -- Mixed performance -- Differentiated and complex systems -- A typology for distinguishing myth from reality -- Key policy issues -- Between status quo and neoliberal extremes