A bill to amend the Foreign Assistance Act of 1961 to provide for the establishment of a Microenterprise Development Fund, and for other purposes.

Amends the Foreign Assistance Act of 1961 to establish a Microenterprise Development Fund within the agency primarily responsible for administering development assistance.

Channels Fund monies through U.S. private and voluntary organizations, indigenous governmental and nongovernmental organizations, and credit union organizations.

Earmarks Fund monies as follows: (1) 50 percent per fiscal year for poverty lending; and (2) five percent per fiscal year for research and evaluation of funded microenterprise activities.

Requires the agency administrator to ensure that at least 60 percent of the borrowers of Fund monies are women.