To amend the Foreign Assistance Act of 1961 to authorize the Administrator of the United States Agency for International Development to provide assistance for programs of credit and other assistance for microenterprises in developing countries.

Microenterprise Development Act of 1994 - Amends the Foreign Assistance Act of 1961 to authorize the Administrator of the Agency for International Development (AID) to provide for programs of credit and other assistance for microenterprises in developing countries. Requires a significant portion of such assistance to be used for poverty lending programs. Directs the Administrator to...