A very good afternoon to everyone: Dean Robertson, distinguished colleagues, alumni, friends & families and last but not the least, the students of Wharton's graduating class of 2009!
Microfinance has now become a worldwide movement. It has grown overtime with more and different types of actors getting involved in its development with new ideas and technologies and with different types of products and services. There has been diversification in its funding sources and instruments and also gradual shift towards commercialization.