Part I: Empirics -- The double-edged sword: the microfinance model and the moral hazards inherent within -- Poverty's panacea, or snake oil salesmen: does microfinance work? -- Part II: Microethics: the practices of microfinance -- From empowerment to exploitation: MFIs and their borrowers -- From solidarity to coercion: the dynamics of group liability -- The dog not barking: a duty of care in microfinance -- Part III: Marcoethics: the industry of microfinance -- Silenced stories: the distribution of benefits & burdens within microfinance -- Hear no evil, see no evil, speak no evil: microfinance and the informal economy -- The macro impact of microfinance -- Part IV: Making microfinance more ethical -- Keeping the good eliminating the bad, transforming the ugly: how to practice microfinance ethically -- Wider lessons: what we can learn from microfinance for antipoverty development efforts.