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E3 Journal of Business Management and Economics

E3 Journal of Business Management and Economics Vol. 2 (5) pp. 183-191, November 2011; © E3 Journals; ISSN 2141-7482

Green microfinance promoting green enterprise development

Kazi Abdur Rouf1 *
1 Ontario Institute for Studies in Education, University of Toronto
*Corresponding Author E-mail:
Accepted 23 September 2011


The purpose of the research is to examine the possibility of introducing market-based green business development in Canada that would model that of GB and its sister organizations. This paper envisions a comparison and contrasting of Grameen Bank and Grameen Shokti credit systems (Bangladesh) with Alterna Savings credit programs (Canada) and its impact on Toronto’s local living economics and environmental development. The Review shows that within the two sample cases, microcredits are positive to environmentally sustainable development.

Keywords: Keywords: Green microfinance; Green enterprise; Grameen Bank; Microfinance institutions (MFIs); Women empowerment; Small and medium enterprises (SME).

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