MICROFINANCIAL INC
SC 13G, 2000-02-14
MISCELLANEOUS BUSINESS CREDIT INSTITUTION
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                         (Amendment No.            )*


                           MicroFinancial Incorporated
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                  595072 1 09
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


                                February 10, 1999
- --------------------------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)


     Check the  appropriate  box to  designate  the rule  pursuant to which this
Schedule is filed:

          [_]  Rule 13d-1(b)

          [_]  Rule 13d-1(c)

          [X]  Rule 13d-1(d)


*    The  remainder  of this  cover  page  shall be filled  out for a  reporting
     person's  initial  filing on this form with respect to the subject class of
     securities,  and for any subsequent amendment containing  information which
     would alter disclosures provided in a prior cover page.

     The  information  required on the remainder of this cover page shall not be
     deemed to be  "filed"  for the  purpose  of  Section  18 of the  Securities
     Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of
     that  section of the Act, but shall be subject to all other  provisions  of
     the Act (however, see the Notes).




<PAGE>

CUSIP No. 595072 1 09                 13G                    Page 2  of 5  Pages


- --------------------------------------------------------------------------------
1.   NAME OF  REPORTING  PERSONS/I.R.S.  IDENTIFICATION  NOS.  OF ABOVE  PERSONS
     (ENTITIES ONLY)


     Peter R. Bleyleben
- --------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
                                                                 (a)  [_]
                                                                 (b)  [_]
     Not Applicable.
- --------------------------------------------------------------------------------
3.   SEC USE ONLY



- --------------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION


     United States of America.
- --------------------------------------------------------------------------------
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES           1,555,810
               -----------------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY          None
               -----------------------------------------------------------------
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING         1,555,810
               -----------------------------------------------------------------
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH            None
- --------------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


     1,555,810
- --------------------------------------------------------------------------------
10.  CHECK IF THE AGGREGATE  AMOUNT IN ROW (9) EXCLUDES  CERTAIN SHARES [-]
     (SEE INSTRUCTIONS)


     See Item 4(a).
- --------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)


     Approximately 12.1% (1)
- --------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)


     IN
- --------------------------------------------------------------------------------


- -------------------
(1)  Based on 12,842,126  shares of MicroFinancial  Incorporated's  Common Stock
     outstanding as of December 31, 1999.

<PAGE>

CUSIP No. 595072 1 09                 13G                    Page 3  of 5  Pages

- --------------------------------------------------------------------------------
Item 1(a).  Name of Issuer:


            MicroFinancial Incorporated
- --------------------------------------------------------------------------------
Item 1(b).  Address of Issuer's Principal Executive Offices:


            950 Winter Street, Waltham, Massachusetts 02154
- --------------------------------------------------------------------------------
Item 2(a).  Name of Person Filing:


            Peter R. Bleyleben
- --------------------------------------------------------------------------------
Item 2(b).  Address of Principal Business Office, or if None, Residence:


            950 Winter Street, Waltham, Massachusetts 02154
- --------------------------------------------------------------------------------
Item 2(c).  Citizenship:


            United States of America
- --------------------------------------------------------------------------------
Item 2(d).  Title of Class of Securities:


            Common Stock
- --------------------------------------------------------------------------------
Item 2(e).  CUSIP Number:


            595072 1 09
- --------------------------------------------------------------------------------
Item 3.    If this Statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
           or (c), check whether the person filing is a:

     (a)  [_]  Broker or dealer registered under Section 15 of the Exchange Act.

     (b)  [_]  Bank as defined in Section 3(a)(6) of the Exchange Act.

     (c)  [_]  Insurance  company as defined in Section 3(a)(19) of the Exchange
               Act.

     (d)  [_]  Investment  company  registered under Section 8 of the Investment
               Company Act.

     (e)  [_]  An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

     (f)  [_]  An employee  benefit plan or endowment  fund in  accordance  with
               Rule 13d-1(b)(1)(ii)(F).

     (g)  [_]  A parent  holding  company or control  person in accordance  with
               Rule 13d-1(b)(1)(ii)(G).

     (h)  [_]  A savings  association  as defined in Section 3(b) of the Federal
               Deposit Insurance Act.

     (i)  [_]  A church  plan that is  excluded  from the  definition  of an
               investment  company  under  Section  3(c)(14)  of the  Investment
               Company Act.

     (j)  [_]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

     Not Applicable.



<PAGE>

CUSIP No. 595072 1 09                 13G                    Page 4  of 5  Pages

Item 4.  Ownership.

     (a)  Amount beneficially owned:    1,555,810

          Of such 1,555,810  shares of Common Stock the reporting  person is the
          direct beneficial owner of 1,545,810 shares of Common Stock and 20,000
          shares of Common Stock  issuable upon the exercise of options  vesting
          on February 25, 2000.

     (b)  Percent of class:    Approximately 12.1% (2)

     (c)  Number of shares as to which such person has:

          (i)   Sole power to vote or to direct the vote:      1,555,810

          (ii)  Shared power to vote or to direct the vote:    None

          (iii) Sole power to dispose or to direct the disposition of: 1,555,810

          (iv)  Shared power to dispose or to direct the disposition of: None

- --------------------------------------------------------------------------------
Item 5.  Ownership of Five Percent or Less of a Class.


         Not Applicable.
- --------------------------------------------------------------------------------
Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.


         Not Applicable.
- --------------------------------------------------------------------------------
Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company.


         Not Applicable.
- --------------------------------------------------------------------------------
Item 8.  Identification and Classification of Members of the Group.


         Not Applicable.
- --------------------------------------------------------------------------------
Item 9.  Notice of Dissolution of Group.


         Not Applicable.
- --------------------------------------------------------------------------------
Item 10.  Certifications.


          Not Applicable.
- --------------------------------------------------------------------------------



- ---------------------
(2)  Based on 12,842,126  shares of MicroFinancial  Incorporated's  Common Stock
     outstsanding as of December 31, 1999.


<PAGE>

CUSIP No. 595072 1 09                 13G                    Page 5  of 5  Pages


                                    SIGNATURE

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.


                                                  February 14, 2000
                                        ----------------------------------------
                                                        (Date)


                                               /s/ Peter R. Bleyleben
                                        ----------------------------------------
                                                      (Signature)


                                                 Peter R. Bleyleben
                                        ----------------------------------------
                                                      (Name/Title)


           Attention:- Intentional misstatements or omissions of fact
          constitute federal criminal violations (see 18 U.S.C. 1001).




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