Supporting Social Enterprises to Support Vulnerable Consumers: The Example of Community Development Finance Institutions and Financial Exclusion

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Title Supporting Social Enterprises to Support Vulnerable Consumers: The Example of Community Development Finance Institutions and Financial Exclusion
Author Wilson, Therese
Journal Name Journal of Consumer Policy: consumer issues in law, economics and behavioral sciences
Year Published 2011
Place of publication Netherlands
Publisher Springer
Abstract This article examines the role of social enterprises in providing fair services to vulnerable consumers, focusing on the vulnerability of low-income consumers to high-cost exploitative credit as a result of a lack of access to mainstream financial services. It will be argued that both the state and the corporate sector have a role to play in providing the means with which vulnerable consumers can overcome financial exclusion, through access to fair services. However, this cannot and should not be achieved through increased welfare provision or through reliance on corporate social responsibility initiatives alone. In rejecting solutions focused on increased welfare or voluntary corporate social responsibility initiatives, this article suggests that regulatory support for the development and growth of social enterprises, such as community development finance institutions, will most effectively give rise to a social framework in which vulnerability and unequal opportunity with respect to financial services is addressed.
Peer Reviewed Yes
Published Yes
Alternative URI http://dx.doi.org/10.1007/s10603-011-9182-5
Copyright Statement Copyright 2011 Springer Netherlands. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. The original publication is available at www.springerlink.com
Volume N/A
Page from 1
Page to 17
ISSN 0168-7034
Date Accessioned 2011-12-07
Date Available 2013-06-28T01:41:14Z
Language en_US
Research Centre Socio-Legal Research Centre
Faculty Arts, Education and Law
Subject Law
URI http://hdl.handle.net/10072/43944
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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