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Jul 14
2009

Sustainable GREEN Microfinance - an Attainable Goal

Posted by: Betsy Teutsch

Betsy Teutsch

 Teasing out the meaning of "sustainable microfinance"

Christian Science Monitor

"There is nothing intrinsic about microfinance that makes it green. The author’s assertion is simply incorrect and ’sustainable’ in the business sense does not necessarily equate to environmental sustainability. A microentrepreneur may use chemicals that are bad for the environment, they may use farming techniques that create run-off, they may cook on inefficient stoves, they may use mobile phones that are difficult to recycle, and they may drive taxis that spew pollutants into the air. It will take a concerted effort by microfinance providers to adopt and enforce environmental lending criteria into the approval process and they will need to work more closely with environmentalists and green technology providers for there to be a significant role for microfinance in improving the environment. I am all for this."

- Elizabeth Wallace

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