Exploring Green Microfinance: An Analysis of Environmental Protection Language in Microfinance Lending Criteria

26 Pages Posted: 21 Jul 2009

Date Written: April 27, 2009

Abstract

This paper explores four different rationales for incorporating a concern for the natural environment into the practice of microfinance. A binomial descriptive content analysis investigates the incidence of this so-called ‘green microfinance’ in a sample of forty microfinance institutions (MFIs) whose lending criteria were publicly available. We conclude that although there might be several rationales to support the proliferation of green microfinance very few MFIs are embedding such a commitment into the structure of their financial products. The disconnect uncovered in this paper is important, because it suggests that ignoring the environment might correspondingly endanger the health of the very people microfinance is designed to help.

Keywords: microfinance, entrepreneurship, social entrepreneurship, sustainability, sustainable, natural environment, nature, pollution, health, earth, planet, poverty, poverty alleviation

JEL Classification: D20, D62, D63, D64, G21, G29, I31, I38, J13, L30, O13, O14, O20, O33, Q20, Q30, R50

Suggested Citation

Archer, PhD, Geoffrey Russell, Exploring Green Microfinance: An Analysis of Environmental Protection Language in Microfinance Lending Criteria (April 27, 2009). Available at SSRN: https://ssrn.com/abstract=1437103 or http://dx.doi.org/10.2139/ssrn.1437103

Geoffrey Russell Archer, PhD (Contact Author)

Royal Roads University ( email )

2005 Sooke Road
Victoria, British Columbia V9B 5Y2
Canada

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