Please use this identifier to cite or link to this item:
http://hdl.handle.net/10174/33322
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| Title: | Microcredit: MSMEs and Sustainable Development |
| Authors: | Félix, Elisabete G. S. |
| Keywords: | MSMEs
Microcredit
Sustainability |
| Issue Date: | 2022 |
| Publisher: | Palgrave Macmillan, Cham |
| Citation: | Félix, E.G.S., 2022. Microcredit: MSMEs and Sustainable Development. In: The Palgrave Handbook of Global Sustainability. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-38948-2_116-1 |
| Abstract: | Microcredit and microfinance are distinct concepts. Doing microcredit part of microfinance.
The concept of microcredit is due to Grameen Bank’s founder Muhammad Yunus and started in Bangladesh in 1976.
Microcredit is a financial instrument that provides small loans to low-income people without access to formal financing. Moreover, it has been evolving intending to contribute to poverty alleviation, support entrepreneurship, and empowerment of women, combating economic and social exclusion globally.
It has an impact in terms of microbusinesses financing and thus on funding MSMEs, which will impact the growth of economies.
The evolution of the concept has enabled microcredit to contribute to improving global sustainability levels. |
| URI: | https://doi.org/10.1007/978-3-030-38948-2_116-1
http://hdl.handle.net/10174/33322 |
| Type: | bookPart |
| Appears in Collections: | CEFAGE - Publicações - Capítulos de Livros
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CEFAGE - Publicações - Capítulos de Livros /
