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Those microfinancing we've been hearing of lately, specifically by that guy who won some prize for it, has everything to do with state intervention.
cliffs notes:
They are part of welfare/foreign aid scam as any other.
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Explain please.
Example.
Kiva facilitates peer-to-peer connections. A third party NGO /or/ for-profit microfinance firm administers the loans. I find a person I want to lend to. I lend them $100. It is administered at moderate interest rates. The 3rd party certification/administration group takes some of the money to fund its overhead. I get paid pack my $100 after two years. The person I lent to gets a much needed chunk of capital to improve the efficiency of their business.
Microfinance is like pure capitalism in the AC sense of that word - no State intervention at any part of the picture.