The International Finance Corporation (IFC) commissioned Banyan Global to conduct a sector study on microfinance, as well as validate the proposed interventions of PENSA, IFC’s partner in Indonesia. In addition, we explored the financial linkages between PENSA’s handicrafts program in Sulawesi and its agribusiness in Bali. These linkages are covered in separate reports and complement the microfinance sector. The Executive Summary outlines key findings and recommendations for programming.