Achieving inclusive microfinance: recommendations from Catholic Social Teaching and economic development literature
Microfinance programs are promoted as powerful tools for increasing financial inclusion and reducing poverty in the developing world. While these programs have shown promise, they often fail to reach the most marginalized potential clients and can actually increase exclusion through mechanisms such...
| Outros títulos: | "The Economy of Francesco: Ongoing Perspectives for a New Economy" |
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| Authors: | ; ; |
| Tipo de documento: | Recurso Electrónico Artigo |
| Idioma: | Inglês |
| Verificar disponibilidade: | HBZ Gateway |
| Journals Online & Print: | Carregar...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Publicado em: |
International Association of Management, Spirituality & Religion
2023
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| Em: |
Journal of management, spirituality & religion
Ano: 2023, Volume: 20, Número: 4, Páginas: 355-384 |
| Classificações IxTheo: | KAJ Época contemporânea KDB Igreja católica NCC Ética social NCE Ética econômica ZA Ciências sociais |
| Outras palavras-chave: | B
Catholic Social Teaching
B Integral Approach B Inclusivity B Microfinance B Sustainability B Aufsatz in Zeitschrift |
| Acesso em linha: |
Volltext (lizenzpflichtig) |
| Resumo: | Microfinance programs are promoted as powerful tools for increasing financial inclusion and reducing poverty in the developing world. While these programs have shown promise, they often fail to reach the most marginalized potential clients and can actually increase exclusion through mechanisms such as social sanctions. In this paper, we review recent microfinance literature highlighting the benefits, drawbacks, and potential mechanisms of exclusion inherent in current microfinance models. We then outline principles, rooted in Catholic Social Teaching, that provide a fuller understanding of the human person and can help inform a more inclusive version of microfinance. Finally, we apply these principles and recent innovations in the economics literature to propose a list of practical recommendations for inclusive microfinance to achieve integral development. |
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| ISSN: | 1942-258X |
| Obras secundárias: | Enthalten in: Journal of management, spirituality & religion
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| Persistent identifiers: | DOI: 10.51327/YJSZ9508 |