These include: whether the success of some currently funded microfinanced projects might be at risk from climate change, the extent to which existing microfinance funded activities already contribute to adaptation, and some of the limitations of microfinance in the context of adaptation. Pioneered by Mohammad Yunus who founded the Grameen Bank in Bangladesh in the 1970s, microfinance institutions today are spread all over the world (including in developed countries such as the United States) and count over 100 million of the world’s poor among their clients. This segment of the population has often not had access to traditional banks. Subsidised government lending schemes, meanwhile, which have tried to reach the poorest have often proved inefficient to overcome the screening, monitoring and enforcement problems that restrict the access of the poor to the formal financial sector (Hulme and Moore, 2006).