How can microfinance programs reach the poorest of the economically active while earning enough income to cover their costs and grow their operations? This course will examine how to design and implement programs that provide financial services in very small increments (loans less than $100, savings accounts starting at $5, insurance policies with weekly premiums of less than $1) while maintaining financial viability. It starts by looking closely at the needs and the cash flows of potential clients, especially women, as the starting point for program design. Using case studies, a computer simulation model and real life examples, class participants will design their own programs, determine ways to finance their growth and then learn how to deal with real life challenges, such as high inflation, client drop out, regulation and competition. The course will also look at new trends in organizing clients through Self Help Groups and savings clubs and lowering transaction costs with technology. This course is designed for those who develop, implement, fund or regulate microfinance programs and institutions aimed at communities with the highest levels of poverty