Greening the Mfis

GREENING THE MICRO FINANCE SECTOR Strategy to Improve bionomical Soundness of Micro Finance Institutions INTRODUCTION Micro finance problemes which no less than the United Nations hailed as todays instruments of the unfortunate and powerless in combating poverty ar no distinguishable from typical businesses: they also pose environmental threats, although not as severe as that of commercial giants. But the good intelligence operation is that there are many ways to check, report and subside the negative impacts of small finance businesses on the environment without sacrificing their sparing benefits to communities. In recent years, environmental soundness has become similar to good business. Businesses which have adopted tools such as environmental management system (EMS), environmental management accounting (EMA), cleanly Production and waste minimization programs have somehow created a market niche as socially responsible and clean-living companies. MFIs and the Philippine Environment In the Philippines, financial sector organizations are not required to integrate environmental management and testimonial in their operations. Lack of legislation indicates that most sectoral players, including micro-finance institutions (MFIs), regard environmental management as an unlikely approach to enhance business performance.

EMS also remains remote among MFIs because of lack of knowledge on links between the environment and entrepreneurial efficiency. Bulk of clients in micro finance operations are in micro and small enterprises (MSE), which many experts say may not be totally innocent of harming the environment. The website www.greenmicrofinance.org listed the following MSEs that pose environmental hazards: culture - crop, and cattle grazing Aquaculture  Metal work and electroplating Forest production collecting, including fuel wood and non-timber forest products Pesticide and chemical manufacturing Tanneries Small-scale mine Textiles and dyeing operations... If you want to get a full essay, narrate it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.