TY  - JOUR
PY  - 2014//
TI  - Sustainability and outreach in microfinance institutions in India: An ethical analysis
JO  - Canadian Journal of Development Studies
A1  - Sathye, M.
A1  - Mukhopadhyay, B.
A1  - Sathye, S.
SP  - 358
EP  - 375
VL  - 35
IS  - 3
N2  - We use an ethical analysis framework to explain the tensions that microfinance institutions (MFIs) face in following ethical practices when faced with the competing objectives of financial sustainability and social outreach. The extant view is that these institutions have to resort to unethical practices such as usury interest rates and forced loan collections to survive. After a case study of five MFIs, we find that this is not the case, and competing objectives can very well be achieved following ethical practices. This article is set against the background of suicides by microfinance borrowers in India. © 2014 Canadian Association for the Study of International Development (CASID).<p /> <p>Language: en</p>
LA  - en
SN  - 0225-5189
UR  - http://dx.doi.org/10.1080/02255189.2014.936835
ID  - ref1
ER  -