(This abstract was borrowed from another version of this item.)"> (This abstract was borrowed from another version of this item.)">
[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/kap/jbuset/v84y2009i1p17-28.html
   My bibliography  Save this article

Should Access to Credit be a Right?

Author

Listed:
  • Marek Hudon
Abstract
Discussion on financial ethics increasingly includes the problem of exclusion of the poorer segments of society from the financial system and access to credit. This paper explores the ethical dimensions surrounding the concept of a human right to credit. If access to credit is directly instrumental to economic development, poverty reduction and the improved welfare of all citizens, then one can proclaim, as Nobel Prize Laureate M. Yunus has done, that it is a moral necessity to establish credit as a right. Arguments both supporting and opposing the concept of a right to credit are presented. While there may be general agreement that access to financial services may provide a pathway out of poverty, granting a universal right could induce perverse effects such as overindebtedness. Bearing in mind the ultimate goal of proponents of this right as well as the potential harmful consequences, this paper offers a new perspective on the question of access to credit based on a goal-right system.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Marek Hudon, 2009. "Should Access to Credit be a Right?," Journal of Business Ethics, Springer, vol. 84(1), pages 17-28, January.
    • Handle: RePEc:kap:jbuset:v:84:y:2009:i:1:p:17-28
    DOI: 10.1007/s10551-008-9670-y
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10551-008-9670-y
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10551-008-9670-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Marc Labie & Anaïs A Périlleux, 2008. "Corporate governance in microfinance: credit unions," Working Papers CEB 08-003.RS, ULB -- Universite Libre de Bruxelles.
    2. P. B. Anand, 2007. "Right to water and access to water: an assessment," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(4), pages 511-526.
    3. Marek Hudon, 2007. "Fair interest rates when lending to the poor," ULB Institutional Repository 2013/14204, ULB -- Universite Libre de Bruxelles.
    4. Pretes, Michael, 2002. "Microequity and Microfinance," World Development, Elsevier, vol. 30(8), pages 1341-1353, August.
    5. Rahman, Aminur, 1999. "Micro-credit initiatives for equitable and sustainable development: Who pays?," World Development, Elsevier, vol. 27(1), pages 67-82, January.
    6. Gauri, Varun, 2004. "Social Rights and Economics: Claims to Health Care and Education in Developing Countries," World Development, Elsevier, vol. 32(3), pages 465-477, March.
    7. Anand, P B, 2007. "Right to water and access to water," MPRA Paper 47437, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jennis J. BISER & Jeffrey A. EDWARDS, 2012. "Civil Liberties and Access to Water: Analysis of 193 Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 12(1).
    2. Arvind Ashta & Marek Hudon, 2009. "To whom should we be fair? Ethical issues in Balancing Stakeholder Interests from Banco Compartamos Case Study," Working Papers CEB 09-036.RS, ULB -- Universite Libre de Bruxelles.
    3. Juan Francisco Casero-Cepeda & Dani Catalá-Pérez & Antonio Cano-Orellana, 2022. "Design and Application of a Citizen Participation Tool to Improve Public Management of Drought Situations," Land, MDPI, vol. 11(10), pages 1-11, October.
    4. Norbert Brunner & Vijay Mishra & Ponnusamy Sakthivel & Markus Starkl & Christof Tschohl, 2015. "The Human Right to Water in Law and Implementation," Laws, MDPI, vol. 4(3), pages 1-59, August.
    5. Machiko Nissanke, 2002. "Donors' Support for Microcredit as Social Enterprise: A Critical Reappraisal," WIDER Working Paper Series DP2002-127, World Institute for Development Economic Research (UNU-WIDER).
    6. Okukpon Irekpitan & Anozie Ijeoma, 2018. "Justifying Water Rights in Nigeria: Fiction or Achievable Panacea?," The Law and Development Review, De Gruyter, vol. 11(2), pages 757-800, December.
    7. Chliova, Myrto & Brinckmann, Jan & Rosenbusch, Nina, 2015. "Is microcredit a blessing for the poor? A meta-analysis examining development outcomes and contextual considerations," Journal of Business Venturing, Elsevier, vol. 30(3), pages 467-487.
    8. Hilson, Gavin & Ackah-Baidoo, Abigail, 2011. "Can Microcredit Services Alleviate Hardship in African Small-scale Mining Communities?," World Development, Elsevier, vol. 39(7), pages 1191-1203, July.
    9. Mader, Philip, 2011. "Making the poor pay for public goods via microfinance: Economic and political pitfalls in the case of water and sanitation," MPIfG Discussion Paper 11/14, Max Planck Institute for the Study of Societies.
    10. Amvella Motaze, Serge Patrick, 2022. "The determinants of the lending interest rate in a cost-based approach: Theoretical model and empirical analysis," The Quarterly Review of Economics and Finance, Elsevier, vol. 83(C), pages 36-51.
    11. M. Jahangir Alam Chowdhury & Dipak Ghosh & Robert E. Wright, 2005. "The impact of micro-credit on poverty: evidence from Bangladesh," Progress in Development Studies, , vol. 5(4), pages 298-309, October.
    12. Islam, Asadul & Nguyen, Chau & Smyth, Russell, 2015. "Does microfinance change informal lending in village economies? Evidence from Bangladesh," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 141-156.
    13. D’Espallier, Bert & Goedecke, Jann & Hudon, Marek & Mersland, Roy, 2017. "From NGOs to Banks: Does Institutional Transformation Alter the Business Model of Microfinance Institutions?," World Development, Elsevier, vol. 89(C), pages 19-33.
    14. Sassen, Saskia, 2008. "Two stops in today's new global geographies: shaping novel labor supplies and employment regimes," Asuntos de Género 5815, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    15. Lutz G. Arnold & Benedikt Booker, 2012. "Good Intentions Pave the Way to ... the Local Moneylender," Working Papers 126, Bavarian Graduate Program in Economics (BGPE).
    16. Ashraf, Nava & Karlan, Dean & Yin, Wesley, 2010. "Female Empowerment: Impact of a Commitment Savings Product in the Philippines," World Development, Elsevier, vol. 38(3), pages 333-344, March.
    17. Nilakantan, Rahul & Datta, Saurabh C & Sinha, Priyanjali & Datta, Samar K, 2013. "The impact of microfinance on women empowerment: Evidence from Eastern India," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 3(1), pages 27-40.
    18. Simon Zaby, 2019. "Science Mapping of the Global Knowledge Base on Microfinance: Influential Authors and Documents, 1989–2019," Sustainability, MDPI, vol. 11(14), pages 1-21, July.
    19. Nawaz, Ahmad & Iqbal, Sana, 2015. "Financial Performance And Corporate Governance In Microfinance: Who Drives Who? An Evidence From Asia," MPRA Paper 65327, University Library of Munich, Germany.
    20. Gutiérrez-Nieto, Begoña & Serrano-Cinca, Carlos, 2019. "20 years of research in microfinance: An information management approach," International Journal of Information Management, Elsevier, vol. 47(C), pages 183-197.

    More about this item

    Keywords

    credit; financial exclusion; human right; justice; microfinance; B0; O16; Q14;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jbuset:v:84:y:2009:i:1:p:17-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.