%0 Journal Article
%T Green microfinance promoting green enterprise development
%A Rouf
%A Kazi Abdur
%J International Journal of Research Studies in Management
%D 2012
%I Consortia Academia Publishing
%X Microcredit is a well known tool to address the issue of poverty that is a condition that affects the bottom fifty percent of people. Microcredit alleviates poverty by engaging communities in microloans and micro-businesses so that they may earn income. This new microeconomic determination program is expanding all over the world to develop economic growth in people¡¯s lives; however, if microfinance institutions are not controlled and they are provided to people who practice unsafe and non-eco-friendly businesses, the effect could be a minimalist microcredit approach that is unable to promote sustainable business development. To understand microcredit and renewable energy programs for green development, the researcher visited and studied Grameen Bank of Bangladesh; Grameen Shokti¡¯s Renewable Energy Project in winter 2008 and had an internship at the Alterna Savings¡¯ Community Micro-Loan Funds program in Toronto in the summer and fall of 2007 respectively. This paper envisions a comparison and contrasting of the Grameen Bank and Grameen Shokti credit systems (Bangladesh) with Alterna Savings credit programs (Canada) and its impact on Toronto¡¯s local living economics and environmental development. Results show that within the two sample cases, microcredits are positive to environmental sustainable development.
%K Green microfinance
%K green enterprise
%K Grameen Bank
%K microfinance institutions (MFIs)
%K solar home system
%K women empowerment
%K small and medium enterprises (SME)
%U http://www.consortiacademia.org/index.php/ijrsm/article/view/32