UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


       Date of Report (date of earliest event reported): October 24, 2003
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                           MICROFINANCIAL INCORPORATED
                           ---------------------------
             (Exact name of registrant as specified in its charter)


                                  MASSACHUSETTS
                                  -------------
                 (State or other jurisdiction of incorporation)


                    1-14771                     04-2962824
          -------------------------------------------------------------
          (Commission file number) (IRS Employer Identification Number)


                       10-M Commerce Way, Woburn, MA 01801
                       -----------------------------------
               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code: 781-994-4800
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                                       N/A
                                       ---
          (Former name or former address, if changed since last report)








Item 7.  Financial Statements and Exhibits.
         ---------------------------------

         Exhibit                         Exhibit Title
         -------                         -------------

         Exhibit 99                      Press Release dated October 24, 2003

Item 12. Results of Operations and Financial Condition

               Pursuant to Form 8-K, General  Instructions F, Registrant  hereby
incorporates  by reference  the press release  attached  hereto as Exhibit 99.

                                   SIGNATURES

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934,  as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                      MICROFINANCIAL INCORPORATED
                                      Registrant



                                      By: /s/ James Jackson
                                         ---------------------------------------
                                         James Jackson
                                         Vice President and Chief Financial
                                          Officer

Dated: October 24, 2003