Microcredit, Inclusive Finance and Solidarity

Noriatsu Matsui () and Hiromi Tsuboi ()
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Noriatsu Matsui: Teikyo University
Hiromi Tsuboi: Akita University

Chapter Chapter 2 in Solidarity Economy and Social Business, 2015, pp 13-25 from Springer

Abstract: Abstract The Grameen Bank of Bangladesh is one of the largest and most successful microcredit Microcredit (Microfinance) organizations. Its success in poverty alleviation comes from the human and organizational principles based on the philosophy of its founder, Muhammad Yunus. These Principles are embodied in Grameen Bank’s organizational structure, the emphasis of weekly Center meetings, and above all the people-centered Sixteen-decisions. The meetings have served as education, communication, information, and social training for the poor who have never had such opportunities. Social business has been advocated and promoted as the mechanism to generate IGAs for the poor to use the microcredit. Social business and microcredit have been shown to be effective for the economic independence of the poor. Microcredit organizations pioneered earlier have led the development in this area in increasing financial access to the poor of the world, and various other financial activities, such as saving accounts, deposit accounts, insurances, and pension plans. Recent development from microcredit has evolved into inclusive finance, responsible investment, and assistance to the variety of social business.

Keywords: Microcredit; Microfinance; Grameen Bank; BRAC; Poverty alleviation; Social business; Inclusive finance; Responsible investment (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-4-431-55471-4_2

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DOI: 10.1007/978-4-431-55471-4_2

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