The green microfinance as an element of the sustainable development Cover Image

Zielone mikrofinanse jako element zrównoważonego rozwoju
The green microfinance as an element of the sustainable development

Author(s): Joanna Fila
Subject(s): Economy, Micro-Economics, Energy and Environmental Studies
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: green microfinance; microfinance institutions; sustainable development

Summary/Abstract: The issue of environmental protection is one of the key challenges in the world today. Environmental performance is becoming an increasing concern for all types of business and the microfinance sector is no exception. Microfinance offers access to capital to persons of low income, who have been excluded from the formal banking sector. In recent years, alongside their financial and social objectives, microfinance institutions have started to pursue environmental goals as well. A growing number of microfinance institutions are developing environmental management programs, and microfinance stakeholders are increasingly willing to monitor environmental improvement. The objective of this paper is to present the relationship between microfinance and the concept of sustainable development. It also aims to find out why microfinance institutions tend to go green as well as to describe both the strategies of microfinance institutions in „green” microfinance and the tools for measuring environmental performance.

  • Issue Year: 2016
  • Issue No: 437
  • Page Range: 132-142
  • Page Count: 11
  • Language: Polish