To Catch a Dollar

Wed, 2011-04-06 10:55Joanna Zelman
Joanna Zelman's picture

Eco-Friendly Microfinance: It's Time To Clean Up The Bandwagon

Green microfinance is the link between good intentions and real results.

Microfinance is a business model focused on providing small loans to low-income clients, enabling them to develop small businesses. The model has become a hot topic in recent years, thanks in large part to Muhammad Yunus and the Grameen Bank, joint winners of the 2006 Nobel Peace Prize. Yunus recently released a documentary, “To Catch A Dollar,” further raising awareness of microcredit loans.

While microfinance has lifted many people out of poverty, a job focused on environmentally damaging practices can actually worsen a loan recipient’s situation.

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