CEDS understands the strategic importance of micro finance research for its potentials in poverty reduction in Indonesia. Last year, under the small research grant (SRG) scheme, CEDS funded a research on the application of impact evaluation to study the welfare effect of the access to various micro finance institutions (MFI). The paper is accepted for presentation at the Third European Research Conference on Microfinance, in Kristiansand, Norway to be held on 10-12 June, 2013.