Green microfinance can be defined as a financial sector, which is trying level best to improve the present environmental conditions. It can be done by creating special incentive purposes for those of the poor categories. This segment is going to provide the microfinance segment with the poor people, which will surely help them to encourage the people to use various other sustainable practices, which are to be focused as environment friendly zones.
It can also be defined as an effective mean, which will clearly focus on the major aspect of the green economy. Moreover, you will also come across various ways, which can help in making a complementary move between environmental stewardship along with economic growth.
Focusing on micro finance
When you are dealing with microfinance segment, you are mainly dealing with the financial services provisions related with low income clients, who are mostly self-employed, in nature. On the other hand, the self-employed personalities are mainly women in nature.
According to the latest statistical result, it can be clearly stated that 95% of the total population is women, which shows the level of discrimination, even in this modern era. Moreover, the field of microfinance is going to include social and at the same time financial intermediation, for the betterment of the clients. It is better to state that microfinance is not only the banking sector, but also a major part of the developmental tool.
Make microfinance green
As it can be defined easily, that microfinance is mostly associated with the poorly credited class, especially among women. In order to turn the field of microfinance green, you just have to focus on some simple steps, at the max. For the best result possible, you have to provide technical and at the same time capital assistance, which can lead the micro business towards investing in renewable energy and energy saving technology.
Moreover, on the other hand, the field of technical and capital assistance can also help in turning green microfinance. This is going to help the green collars entrepreneurs, who are planning to start a new field in green micro business sectors. Moreover, if you want, you can also incorporate environmental education, with a strong component, in this category.
Green microfinance can give sustainable results
Apart from the following points mentioned above, if you want, you can also deal with the low interest policies, related with up-gradation of the renewable energy along with energy efficiency services. The main aim of this segment is to support the poor class, associated with clean, green energy.
On the other hand, if you want, you can also promote the distribution technicalities along with proper use of renewable energy zones to reduce the feel of global warming. You might have to take help of MFI, on a primary basis to work on this platform.
Ways to achieve green economy
Achieving green economy is not at all a serious task, if you know the proper segment of green microfinance sector. The main potential of this segment is to help in addressing financial exclusion along with pervasive poverty and other zones of energy in-equality.
Moreover, this forum can also help in bridging the gap in between the areas, which are related with the field of environmental improvements. This field is a must have for those, who are suffering from any sort of environmental degradation.
Some feasibility to be focused
There are some points, which are to be noted down, when you are focusing more on green microfinance segment. It is a point to be noted down those non renewable sources are always expensive in nature and the shortage of these products, are giving rise to the cost more. You have to look for some energy substitutes for those, belonging to the poor segment.
Author Bio: Steven Johnson will help you understand the basic of green finance and the ways to relate it with microfinance segment. This has proved to be a revolutionary challenge for all and mainly the environment friendly society. To know more click here.
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