Should Access to Credit be a Right?

Journal of Business Ethics 84 (1):17-28 (2009)

Abstract
Discussion on financial ethics increasingly includes the problem of exclusion of the poorer segments of society from the financial system and access to credit. This paper explores the ethical dimensions surrounding the concept of a human right to credit. If access to credit is directly instrumental to economic development, poverty reduction and the improved welfare of all citizens, then one can proclaim, as Nobel Prize Laureate M. Yunus has done, that it is a moral necessity to establish credit as a right. Arguments both supporting and opposing the concept of a right to credit are presented. While there may be general agreement that access to financial services may provide a pathway out of poverty, granting a universal right could induce perverse effects such as overindebtedness. Bearing in mind the ultimate goal of proponents of this right as well as the potential harmful consequences, this paper offers a new perspective on the question of access to credit based on a goal-right system.
Keywords credit  financial exclusion  human right  justice  microfinance
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DOI 10.1007/s10551-008-9670-y
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References found in this work BETA

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Citations of this work BETA

The Ethical Crisis in Microfinance.Marek Hudon & Joakim Sandberg - 2013 - Business Ethics Quarterly 23 (4):561-589.
Putting Responsible Finance to Work for Citi Microfinance.Tzu-Kuan Chiu - 2014 - Journal of Business Ethics 119 (2):1-16.
The Right to Credit.Marco Meyer - 2018 - Journal of Political Philosophy 26 (3):304-326.

View all 13 citations / Add more citations

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