Green Microfinance: A new frontier in the financial inclusion of the Pakistan
Abstract/Description
Despite the known benefits from the financial inclusion, it remained very low in Pakistan. Financial inclusion of lower middle class and poor segment of the society remained a challenge for the policy maker. The role of microfinance banks is detrimental for provision of financial services to this stratum of the society. Green microfinance approach under financial inclusion encourages microfinance Banks (MFBs) to promote specific green financial products (i.e., green microcredit, green micro saving, and green micro insurance) and non-financial services to its targeted market. This paper attempts to analyze the performance of micro finance banks towards green micro financing in Pakistan. The study employed Microfinance Environmental Performance Index (MEPI) technique. On analysis of the microfinance banks, the findings suggest that there are very little options available in the market for microfinance borrowers to cater their environmental financial needs. This study would be beneficial for policy makers and micro finance banks towards green growth of microfinance sector in Pakistan.
Track
Accounting, Law, and Finance
Session Number/Theme
Session 3B: Accounting, Finance & Law
Session Chair
Dr. Sana Tauseef, Institute of Business Administration, Karachi
Session Discussant
Sohaib Ahmed; Zaira Anees; Dr. Fawad Ahmad; Dr. Tasawar Nawaz
Start Date/Time
24-6-2022 2:20 PM
End Date/Time
24-6-2022 2:40 PM
Location
Training Room 3, Marriott Hotel, Karachi
Recommended Citation
Mubashir, M., & Ijaz, M. (2022). Green Microfinance: A new frontier in the financial inclusion of the Pakistan. 3rd IBA SBS International Conference 2024. Retrieved from https://ir.iba.edu.pk/sbsic/2022/program/41
COinS
Green Microfinance: A new frontier in the financial inclusion of the Pakistan
Training Room 3, Marriott Hotel, Karachi
Despite the known benefits from the financial inclusion, it remained very low in Pakistan. Financial inclusion of lower middle class and poor segment of the society remained a challenge for the policy maker. The role of microfinance banks is detrimental for provision of financial services to this stratum of the society. Green microfinance approach under financial inclusion encourages microfinance Banks (MFBs) to promote specific green financial products (i.e., green microcredit, green micro saving, and green micro insurance) and non-financial services to its targeted market. This paper attempts to analyze the performance of micro finance banks towards green micro financing in Pakistan. The study employed Microfinance Environmental Performance Index (MEPI) technique. On analysis of the microfinance banks, the findings suggest that there are very little options available in the market for microfinance borrowers to cater their environmental financial needs. This study would be beneficial for policy makers and micro finance banks towards green growth of microfinance sector in Pakistan.
