Green microfinance promoting green enterprise development

Purpose - The purpose of this paper is to examine microcredit and renewable energy programs for green development. Design/methodology/approach - 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. Findings - The findings are positive to environmental sustainable development. Originality/value - 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.