Abstract: The present invention provides a storage stable microemulsion formulation for modified lecithin as well as other materials. For modified lecithin, the microemulsion contains at least one metal chelate complex, at least one surfactant such as an anionic surfactant, modified lecithin, water, and optionally at least one alcohol. For other materials, the microemulsion contains all above plus one or more other materials wherein modified lecithin can be replaced by unmodified lecithin. Further provided are methods of making and using the above microemulsions.