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Promoting Microfinance: Challenge and Innovations in Developing Countries and Countries in Transition brings together essays and empirical work by leading researchers and practitioners in the field of microfinance. The book covers key issues currently facing the microfinance industry. These include the following topics: challenges and innovations in microfinance policies, design and regulation; the role of microfinance institutions and apex organizations in natural disaster mitigation; achieving the balance between public support and external aid in helping the microfinance industry dealing with natural or man-made hazards affecting both them and their clients; and performance and impact assessment of microfinance institutions. In addition, the book provides an overview of the microfinance industry in selected countries/regions and provides lessons learned from cases spanning countries in Latin America, Africa, Europe and Asia. Together, the collection of essays and studies presented in this volume highlight the challenges faced by the microfinance industry and its future direction.