Are microfinance institutions in South-East Asia pursuing objectives of greening the environment?

Md Aslam Mia, Miao Zhang, Cheng Zhang, Yoomi Kim

Research output: Contribution to journalArticlepeer-review

12 Scopus citations


Microfinance institutions (MFIs) were initially established to alleviate extreme poverty by providing a wide array of customized financial products. However, today's MFIs’ roles have been diversified into providing not only basic financial products but also a great variety of non-financial products, such as incentives and assistance to promote environment-friendly practices in the developing countries. By using an unbalanced panel data of 274 MFIs in South-East Asia from 2000 to 2014, this study investigated MFIs’ contribution in greening the environment using the proxy of greenhouse gas (GHG) emissions from the agriculture sector. The regression results show that the main proxy variables: number of borrowers, number of loans outstanding and average loan over gross national income per capita have a negative effect on GHG emissions, and thus, creating a positive impact on greening our environment.

Original languageEnglish
Pages (from-to)229-245
Number of pages17
JournalJournal of the Asia Pacific Economy
Issue number2
StatePublished - 3 Apr 2018

Bibliographical note

Publisher Copyright:
© 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group.


  • Greenhouse gas
  • South-East Asia
  • agriculture
  • microfinance institutions
  • sustainable development


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