This blog has previously discussed the impact of the global economic crisis on microfinance, as well as what microfinance institutions can do to deal with the crisis. The following video approaches the topic from a slightly different angle by sharing the importance of responsible finance (an important element in microfinance) in dealing with the financial crunch. Sub-topics mentioned in the video are:
- Importance of responsible finance in microfinance
- Examples of irresponsible financial practices by microfinance institutions
- History of the responsible finance campaign
- Responsible finance and its link with consumer protection, in the context of the commercialization of microfinance.
Video Title: Responsible Finance – Why It Is Timely Now
Reference: (2009). Responsible Finance – Why It Is Timely Now. Available: http://www.microfinancepodcast.com/mfp-061-responsible-finance-why-it-is-timely-now-interview-with-kate-mckee/. Last accessed 20th Aug 2010
