Microfinance 3.0 : Reconciling Sustainability with Social Outreach and Responsible Delivery Microfinance in India: Lessons from the Andhra Crisis Armageddon or Adolescence Making Sense of Microfinances Recent Travails Core Values of Microfinance Under Scrutiny: Back to Basics Microcredit Interest Rates and Their Determinants: 2004 2011 Financial Services That Clients Need: The 3.0 Business Models Reconciling Outreach with Sustainability Microfinance 3.0 Perspectives for Sustainable Financial Service Delivery Microfinance Beyond the Standard Evaluating Adequacy and Performance of Agricultural Microcredit The Role of DFIs in the Emerging 3.0 Responsible Funding Landscape Responsible Corporate Governance and Beyond The Microfinance Approach: Does It Deliver on Its Promise This book focuses on the achievements current trends and further potential of microfinance to scale up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs to treat them in a fair and transparent way and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance.While being forward looking the book reflects the debate on core values of microfinance triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets particularly the 2010 events in Andhra Pradesh and turned into an assumption of a worldwide microfinance crisis putting seriously at stake the good reputation microfinance had enjoyed so far. Half of the world and 80 percent of the poor are excluded from formal financial services. This means that they have to rely on the age old informal alternatives that can be unreliable and expensive. Microfinance 3.0 is a highly welcome contribution to the frontiers of financial inclusion a world in which poor households in the informal economy can access and use the broad range of financial services they need to create livelihoods smooth consumption and better manage risks. Tilman Ehrbeck CEO CGAP (Consultative Group For The Poor)