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Is Microfinance an Ethical Way to Provide Financial Services to the Poor?

VANROOSE, Annabel
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VANROOSE, Annabel
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Keywords
micro finance
finance ethics
poor
lending organisation
commercialization
poverty
GE Subjects
Economic ethics
Business ethics
Ethics of economic systems
Labour/professional ethics
Technology ethics
Trade ethics
Consumer ethics
Collections
Business Ethics
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n2007v5n1_VANROOSE.pdf
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URI
http://hdl.handle.net/20.500.12424/184602
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Abstract
Microfinance is increasingly seen as a major development tool. Its promise to help the poor by providing financial services is seen as the major reason for its support. Nevertheless, its ability to effectively reduce poverty is not yet clear, and it generates some unresolved ethical questions. These become even more prominent in the process of commercialization. The impact on poverty is usually measured in financial terms. In this paper, poverty is defined in a broader sense to include deficiency in human and social capital. The article shows that, in this broad sense, microfinance may have negative as well as positive effects on poverty.
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Topic
Type
Article
Date
2007
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With permission of the license/copyright holder
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