Green microfinance promoting green enterprise development

The purpose of this paper is to examine microcredit and renewable energy programs for green development.

This paper envisions a comparison and contrasting of Grameen Bank and credit systems (Bangladesh) with Alterna Savings credit programs (Canada) and its impact on Toronto's local living economics and environmental development.

The findings are positive to environmental sustainable development.

Green micro financing and green micro business development have been underserved, less attention to the subject has been given by various public, private and non‐governmental organizations (financial and non‐financial) agencies through policies, strategies, and programs. This research examines the possibility of introducing market‐based green business development in Canada that would model that of Grameen Bank and its sister organizations.