Purpose – The purpose of this chapter is to challenge the common idea that microfinance, which is part of alternative finance, was created by Professor Muhammad Yunus, Nobel Peace Prize laureate in 2006. This chapter aims to outline past initiatives which can be compared to contemporary...

Microcredit as a response to a wicked problem responsibility for wicked problems -- Institutional study of microcredit : successes and failures -- Innovations to make microcredit a more powerful tool -- Other micro products and services to attack the problem -- Concluding remarks on motivation...