Microfinance means providing financial services to low income group. This paper highlights an overview of Microfinance Programs and Microfinance Institutions in Bangladesh. In recent years, Microfinance Programs have attracted so many poor people in Bangladesh as they were not able to borrow money from the formal sector. There are some issues that have arisen recently regarding the microfinance institutions in Bangladesh. This paper identified those issues. It has been identified that there are some issues that could be managed only by the Government of Bangladesh and some issues which could be solved by the microfinance institutions themselves. In this regard some suggestions are given.