TITLE:
Social and Environmental Impacts of Microfinancing: A Case Study in Haiti
AUTHORS:
Ynesse Abdul-Malak, April Karen Baptiste
KEYWORDS:
Microfinance, Mutuelles Solidarités (MUSO), Caribbean, Haiti, Social Capital, Environmental Benefits, Economic Resilience, Gender Analysis
JOURNAL NAME:
Journal of Financial Risk Management,
Vol.15 No.1,
January
28,
2026
ABSTRACT: This study explores the social and environmental impacts of microfinancing through a case study of Mutuelles Solidarités (MUSO) groups in Petit-Goâve. Using a mixed-methods approach and survey data from 226 participants, the research examines the relationship between MUSO participation and changes in economic status, community cohesion, and environmental behaviors. Findings reveal moderate economic gains—such as increased livestock and farmland ownership—but limited improvement in food security and educational access. Socially, MUSO participation significantly enhanced community trust and reduced blame behaviors, indicating strengthened social capital. Environmentally, participants reported reduced charcoal use, improved sanitation, and better access to treated water, though waste disposal practices remained unchanged. Gender analysis revealed that men saw more economic benefits, while women experienced greater improvements in sanitation and environmental practices. While MUSO contributes to economic resilience and improved community well-being, its impact is uneven and highlights ongoing challenges. The study underscores the importance of gender-responsive and environmentally conscious approaches in microfinance interventions. It calls for targeted strategies to enhance food security, education, and sustainable waste management. This research contributes to the limited literature on the broader social and ecological consequences of microfinance in Haiti and low-income countries more broadly.