Title

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

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Jun 24th, 2:20 PM Jun 24th, 2:40 PM

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.