RT Article
T1 Achieving inclusive microfinance: recommendations from Catholic Social Teaching and economic development literature
JF Journal of management, spirituality & religion
VO 20
IS 4
SP 355
OP 384
A1 Gallenstein, Richard A.
A1 Dougherty, John P.
A1 Jent, Julie
A2 Dougherty, John P.
A2 Jent, Julie
LA English
YR 2023
UL https://ixtheo.de/Record/1858777852
AB Microfinance programs are promoted as powerful tools for increasing financial inclusion and reducing poverty in the developing world. While these programs have shown promise, they often fail to reach the most marginalized potential clients and can actually increase exclusion through mechanisms such as social sanctions. In this paper, we review recent microfinance literature highlighting the benefits, drawbacks, and potential mechanisms of exclusion inherent in current microfinance models. We then outline principles, rooted in Catholic Social Teaching, that provide a fuller understanding of the human person and can help inform a more inclusive version of microfinance. Finally, we apply these principles and recent innovations in the economics literature to propose a list of practical recommendations for inclusive microfinance to achieve integral development.
K1 Catholic Social Teaching
K1 Inclusivity
K1 Integral Approach
K1 Microfinance
K1 Sustainability
K1 Aufsatz in Zeitschrift
DO 10.51327/YJSZ9508