Sustainability and outreach in microfinance institutions in India: an ethical analysis

Microfinance institutions fostering sustainable development

“…In this work, the set of indicators related to social issues is the most numerous. As in previous academic papers, the indicators that appear more frequently are those related to development goals of the MFI (Chirambo, ), client protection against overindebtedness (Hudon, ; Rahman, ; Sathye et al, ) and the effect of microfinance on women (Maclean, ; Warnecke, ) and gender equality (Chakrabarty & Bass, ).…”

“…In articles in which financial issues prevail, on the one hand there is a latent interest in the impact on the social aspects that relate this sector and its performance to social and financial inclusion (Jose & Chacko, 2017;Lacalle-Calderón, Alfonso-Gil, & Rico-Garrido, 2015;Prior & Argandoña, 2009) and poverty alleviation (Kunal, 2013;Manta, 2016;Tashman & Marano, 2009). On the other hand, there is community impact (Perez, Gonzalez, & Aaronson, 2011;Warnecke, 2014), particularly in women's lives (Chakrabarty & Bass, 2014;Maclean, 2010;Warnecke, 2015), the prevention of overindebtedness (Hudon, 2009;Rahman, 1999;Sathye, Mukhopadhyay, & Sathye, 2014) and discussion of the mission drift problem (Arena, 2007;Kunal, 2013;Lopatta et al, 2017).…”

“…Ethical issues also arise in several works, exploring how MFIs deal with ethical practices toward financial sustainability, social outreach and social responsibility (Chiu, 2014;Sathye et al, 2014), the analysis of ethics codes for social enterprises (Kleynjans & Hudon, 2016), or supporting how MFIs build positive ethical strength in negative contexts (Chakrabarty & Bass, 2014).…”

Sustainability in Microfinance Institutions

“…In articles in which financial issues prevail, on the one hand there is a latent interest in the impact on the social aspects that relate this sector and its performance to social and financial inclusion (Jose & Chacko, 2017;Lacalle-Calderón, Alfonso-Gil, & Rico-Garrido, 2015;Prior & Argandoña, 2009) and poverty alleviation (Kunal, 2013;Manta, 2016;Tashman & Marano, 2009). On the other hand, there is community impact (Perez, Gonzalez, & Aaronson, 2011;Warnecke, 2014), particularly in women's lives Maclean, 2010;Warnecke, 2015), the prevention of overindebtedness Sathye, Mukhopadhyay, & Sathye, 2014) and discussion of the mission drift problem (Arena, 2007;Kunal, 2013;Lopatta et al, 2017).…”

“…Ethical issues also arise in several works, exploring how MFIs deal with ethical practices toward financial sustainability, social outreach and social responsibility (Chiu, 2014;Sathye et al, 2014), the analysis of ethics codes for social enterprises (Kleynjans & Hudon, 2016), or supporting how MFIs build positive ethical strength in negative contexts .…”