David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 112 (4):697-706 (2013)
The purpose of this article is to present and discuss the values and limits of microfinance within the context of poverty reduction, international development, and community empowerment. The main thesis is that microfinance requires a more complex strategy than simply the provision of credits. The development of financial capital depends on the increase in human capacity and social capital. Microfinance is revisited under the ethical lenses of global responsibility for alleviating poverty and developing community sustainability. Through a critical review of the literature and case studies from the Philippines, the author suggests a value-based Vincentian approach to integrate microfinance into community empowerment. In connection with the main thesis the author argues that the achievement of economic self-reliance through microfinance is contingent upon the development of capacity building, social capital, and empowerment at the individual, collective, and systemic levels
|Keywords||Microcredit Microfinance Microsavings MFIs Philippines Self-reliance Sustainable community development Vincentian|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Pierre Bourdieu (1989). Social Space and Symbolic Power. Sociological Theory 7 (1):14-25.
Marek Hudon (2009). Should Access to Credit Be a Right? Journal of Business Ethics 84 (1):17 - 28.
Francesc Prior & Antonio Argandoña (2009). Best Practices in Credit Accessibility and Corporate Social Responsibility in Financial Institutions. Journal of Business Ethics 87 (1):251 - 265.
Citations of this work BETA
No citations found.
Similar books and articles
Ravinder Rena (2008). Women's Enterprise Development in Eritrea Through Microfinance. ICFAI University Journal of Entrepreneurship and Development 5 (3):41-58.
Oscar Javier Cárdenas Rodríguez (2009). Poverty Reduction Approaches in Mexico Since 1950: Public Spending for Social Programs and Economic Competitiveness Programs. [REVIEW] Journal of Business Ethics 88 (2):269 - 281.
Francesc Prior & Antonio Argandoña (2009). Credit Accessibility and Corporate Social Responsibility in Financial Institutions: The Case of Microfinance. Business Ethics 18 (4):349-363.
Uwafiokun Idemudia (2009). Oil Extraction and Poverty Reduction in the Niger Delta: A Critical Examination of Partnership Initiatives. [REVIEW] Journal of Business Ethics 90 (1):91 - 116.
Nir Eyal (2007). Poverty : Poverty-Reduction, Incentives, and the Brighter Side of False Needs. In Jesper Ryberg, Thomas S. Petersen & Clark Wolf (eds.), New Waves in Applied Ethics. Palgrave Macmillan.
Scott A. Anderson (2003). Sabina Alkire, Valuing Freedoms: Sen's Capability Approach and Poverty Reduction:Valuing Freedoms: Sen's Capability Approach and Poverty Reduction. Ethics 113 (3):678-680.
Janos Toth (2011). Supra-, Inter-, and Intra-Social Motions: Prolegomena to the Ontological Poverty of Societies. Social Studies (Studime Sociale) 5 (2):15-22.
Scott Wisor (2012). Poverty and Poverty Alleviation. In M. Juergensmeyer & H. K. Anheier (eds.), Encyclopedia of Global Studies. Sage.
Borany Penh (2009). New Convergences in Poverty Reduction, Conflict, and State Fragility: What Business Should Know. [REVIEW] Journal of Business Ethics 89 (4):515 - 528.
Maike Schölmerich (2013). On the Impact of Corporate Social Responsibility on Poverty in Cambodia in the Light of Sen's Capability Approach. Asian Journal of Business Ethics 2 (1):1 - 33.
Edward McGushin (2005). Reflections on a Critical Genealogy of the Experience of Poverty. Proceedings of the American Catholic Philosophical Association 79:117-130.
Added to index2012-11-27
Total downloads3 ( #267,324 of 1,096,251 )
Recent downloads (6 months)2 ( #126,669 of 1,096,251 )
How can I increase my downloads?