Abstract
We use an ethical analysis framework to explain the tensions that microfinance institutions (MFIs) face in following ethical practices when faced with the competing objectives of financial sustainability and social outreach. The extant view is that these institutions have to resort to unethical practices such as usury interest rates and forced loan collections to survive. After a case study of five MFIs, we find that this is not the case, and competing objectives can very well be achieved following ethical practices. This article is set against the background of suicides by microfinance borrowers in India.
| Original language | English |
|---|---|
| Pages (from-to) | 358-375 |
| Number of pages | 18 |
| Journal | Canadian Journal of Development Studies |
| Volume | 35 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Jul 2014 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 1 No Poverty -
SDG 3 Good Health and Well-being -
SDG 5 Gender Equality -
SDG 8 Decent Work and Economic Growth
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