Environmental and Social Risk Management: The FMO Approach

Microfinance has started a positive social and economic movement in many developing countries. Considerable numbers of the world’s poor now have access to financial services, giving them opportunities to start building businesses and focusing on a better future for themselves and their children. Microfinance has shown that it can transform lives.

It can also be an agent for a more conscientious approach to environmental and social issues, which will shape the world for future generations. This corresponds with the mission of many microfinance institutions and development finance institutions who are committing themselves to more far-reaching environmental and social goals.

Because of the required efficiency of loan officers and the informal environment in which the micro entrepreneurs work, the challenge lies in read more…