Green Microfinance: A new frontier to inclusive financial services



Document title: Green Microfinance: A new frontier to inclusive financial services
Journal: RAE : revista de administracao de empresas
Database: CLASE
System number: 000444421
ISSN: 0034-7590
Authors:
1
Institutions: 1Fundacao Getulio Vargas, Escola de Administracao de Empresas, Sao Paulo. Brasil
Year:
Season: Mar-Abr
Volumen: 56
Number: 2
Pages: 242-250
Country: Brasil
Language: Inglés
Document type: Ensayo
Approach: Analítico, descriptivo
English abstract Green microfinance is a new research field that has emerged from the combination of two a priori distinct concepts: microfinance (MF) and climate change (CC). For many decades, climate change seemed a luxury that the microfinance industry could not afford or dream of (McKee, 2008, p. 2). However, the last decade witnessed a growing perception that "incorporating a climate change lens to microfinance is essential and urgent [...] as well as critical to the future of the sector" (McKee, 2008). In fact, due to their low adaptive ability, the millions of microfinance clients globally are the most vulnerable to climate variability and their "plight is linked to the ability of microfinance institutions (MFIs) to adapt to the consequences arising from climate change" (Dowla, 2009, p. 1). It is then in this a priori alien terrain that green microfinance comes to light as an attempt to supplement microfinanced products and services with tailored pro-poor climate change strategies with a view to enhancing the adaptive capacity of millions of MF clients worldwide. But should microfinance or, more broadly, inclusive financial services really be used to achieve such purposes? In other words, why should microfinance actors care about weather extremes and CC at all, and what can they do to alleviate the climatic burden on the poor, which are after all their main target?
Disciplines: Economía,
Biología
Keyword: Banca,
Economía de servicios,
Ecología,
Microfinanzas,
Servicios financieros,
Instituciones financieras,
Medio ambiente,
Cambio climático,
Gestión ambiental,
Brasil
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