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Microfinance investment funds are a recent development that will grow in importance. These funds expand the range of opportunities for financing microfinance institutions, enabling them to offer greater outreach and diversity of products for microentrepreneurs and small businesses. Microfinance now spans the range of finance, from the most simple enterprise to the complexity of capital markets. KfW actively promotes microfinance investment funds and other activities that facilitate the growth of microfinance. This book is an expression of KfW's role as information broker and trend setter. The authors who contributed to this collection offer a comprehensive range of perspectives and themes related to microfinance investment and its promotion.