The Ethical Crisis in Microfinance: Issues, Findings, and Implications

Business Ethics Quarterly 23 (4):561-589 (2013)
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Abstract

Microfinance is often assumed to be an ethically progressive industry, but in recent years it has been the target of much ethical criticism. Microfinance institutions have been accused of using exploitative lending techniques and charging usurious interest rates; and critics even question the ability of microfinance to alleviate poverty. This article reviews recent research on the microfinance sector that addresses these ethical issues. We show how this research is relevant to a number of theoretical issues, such as how to define poverty, how to understand exploitation, and how to balance financial and social goals in commercial organizations. We conclude by identifying a critical agenda for future research.

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Joakim Sandberg
University of Gothenburg

References found in this work

World Poverty and Human Rights.Thomas Pogge - 2002 - Ethics and International Affairs 19 (1):1-7.
Sweatshops, Choice, and Exploitation.Matt Zwolinski - 2007 - Business Ethics Quarterly 17 (4):689-727.
Exploitation and Sweatshop Labor: Perspectives and Issues.Jeremy Snyder - 2010 - Business Ethics Quarterly 20 (2):187-213.
Exploitation.Michael Gorr - 1998 - Philosophical Review 107 (2):296.

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