GREEN MICROFINANCE: A NEW FRONTIER TO INCLUSIVE FINANCIAL SERVICES

Green microfinance is a new research field that has emerged from the combination of two a priori distinct concepts: microfinance and climate change. For many decades, climate change seemed a luxury that the microfinance industry could not afford or dream of. However, the last decade witnessed a grow...

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Bibliographic Details
Published in:Revista de administração de emprêsas 2016-03, Vol.56 (2), p.242-250
Main Authors: Barbosa Moser, Rafael Magnus, Gonzalez, Lauro
Format: Article
Language:English
Subjects:
Adaptation
Agricultural banking
Climate change
Developing countries
Financial services
Global warming
Greenhouse effect
LDCs
Low income groups
Microfinance
Rain
Studies
Tropical diseases
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Summary:Green microfinance is a new research field that has emerged from the combination of two a priori distinct concepts: microfinance and climate change. For many decades, climate change seemed a luxury that the microfinance industry could not afford or dream of. 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". This article introduced a new frontier for scholars and practitioners of microfinance and pro-poor financial services to explore. In the Brazilian agricultural microfinance, scholars may consider advancing research on how the rural microfinance sector can downscale their actions to embrace the environmental pillar, paving the way for the third wave in rural microfinance to unleash its potential. In unfolding this new, incipient, and somewhat alien field, microfinance scholars will bring further light on the opportunities and challenges for microfinance institutions in promoting adaptation and mitigation to climate change and weather-related events.
ISSN:0034-7590
0034-7590
2178-938X
DOI:10.1590/S0034-759020160209