The list author says: "Trade and economic freedom are really the engines of economic growth. But is hard to convince governments to increase trade and freedom. Microfinance is something that people can do. Even if the macro effects aren't robust, there are plenty of successes."
"This is an academic text, but it is the best of the books on microfinance. It goes over the benefits and criticisms of microfinance very well. It also discusses some of the areas that go with traditional microcredit such as savings, insurance, and rotating credit savings associations."