Microfinance institutions (MFIs) are shifting from their traditional reliance on donor financing to using commercial funding sources, such as client deposits and loans from commercial banks and private investors. Such funding entails more-stringent repayment schedules and higher cost of funds, exposing MFIs to additional liquidity, interest rate, and exchange rate risks. Given the limited information available, Banyan Global researched six MFIs in Asia, Africa, Eastern Europe, Latin America, and the Middle East to examine their risk-management policies and procedures. This paper presents the findings and discusses the financial risks that MFIs face.