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Bridging Sustainable Development Gap in the Gold Mining Sector of Zimbabwe: A Conceptual Framework on the Role That Can Be Played by Microfinance Institutions

Received: 29 March 2022    Accepted: 9 May 2022    Published: 9 June 2022
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Abstract

Eventhough gold mining has both the positive and negative impacts on the environment, its negative impacts like depletion of natural resources, loss of grazing land and degradation of the environment tends to outweigh its positive contribution. This study was carried to see how microfinance institutions (MFIs) can use institutional force in compelling the gold mining sector to adhere to environmental management principles in Zimbabwe. The study explores the role that can be played by microfinance in promoting green goldmining in Zimbabwe. Green microfinance besides its traditional finance and social role also aims for the promotion of environmental management. Microfinance institutions play a critical role in promoting environmental sustainability, even though they are well misunderstood as the role they play on the ground requires a guideline. Therefore, to understand the role that can be played by microfinance institutions in promoting green gold mining this study advocate for a conceptual framework to act as a guide to microfinance institutions. The development of a conceptual framework for the role of microfinance institutions in bridging the sustainable development gap in the goldmining sector is the work's key contribution. Further work would include conducting in-depth interviews with key stakeholders in the Zimbabwean microfinance sector and gold mining sector to validate the framework.

Published in Journal of Health and Environmental Research (Volume 8, Issue 2)
DOI 10.11648/j.jher.20220802.18
Page(s) 128-140
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This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Microfinance, Sustainable Development, Green Microfinance, Conceptual Framework

References
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    Moses Nyakuwanika, Munyaradzi Duve, Oscar Chagwiza. (2022). Bridging Sustainable Development Gap in the Gold Mining Sector of Zimbabwe: A Conceptual Framework on the Role That Can Be Played by Microfinance Institutions. Journal of Health and Environmental Research, 8(2), 128-140. https://doi.org/10.11648/j.jher.20220802.18

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    Moses Nyakuwanika; Munyaradzi Duve; Oscar Chagwiza. Bridging Sustainable Development Gap in the Gold Mining Sector of Zimbabwe: A Conceptual Framework on the Role That Can Be Played by Microfinance Institutions. J. Health Environ. Res. 2022, 8(2), 128-140. doi: 10.11648/j.jher.20220802.18

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    AMA Style

    Moses Nyakuwanika, Munyaradzi Duve, Oscar Chagwiza. Bridging Sustainable Development Gap in the Gold Mining Sector of Zimbabwe: A Conceptual Framework on the Role That Can Be Played by Microfinance Institutions. J Health Environ Res. 2022;8(2):128-140. doi: 10.11648/j.jher.20220802.18

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  • @article{10.11648/j.jher.20220802.18,
      author = {Moses Nyakuwanika and Munyaradzi Duve and Oscar Chagwiza},
      title = {Bridging Sustainable Development Gap in the Gold Mining Sector of Zimbabwe: A Conceptual Framework on the Role That Can Be Played by Microfinance Institutions},
      journal = {Journal of Health and Environmental Research},
      volume = {8},
      number = {2},
      pages = {128-140},
      doi = {10.11648/j.jher.20220802.18},
      url = {https://doi.org/10.11648/j.jher.20220802.18},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jher.20220802.18},
      abstract = {Eventhough gold mining has both the positive and negative impacts on the environment, its negative impacts like depletion of natural resources, loss of grazing land and degradation of the environment tends to outweigh its positive contribution. This study was carried to see how microfinance institutions (MFIs) can use institutional force in compelling the gold mining sector to adhere to environmental management principles in Zimbabwe. The study explores the role that can be played by microfinance in promoting green goldmining in Zimbabwe. Green microfinance besides its traditional finance and social role also aims for the promotion of environmental management. Microfinance institutions play a critical role in promoting environmental sustainability, even though they are well misunderstood as the role they play on the ground requires a guideline. Therefore, to understand the role that can be played by microfinance institutions in promoting green gold mining this study advocate for a conceptual framework to act as a guide to microfinance institutions. The development of a conceptual framework for the role of microfinance institutions in bridging the sustainable development gap in the goldmining sector is the work's key contribution. Further work would include conducting in-depth interviews with key stakeholders in the Zimbabwean microfinance sector and gold mining sector to validate the framework.},
     year = {2022}
    }
    

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    AU  - Moses Nyakuwanika
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    AB  - Eventhough gold mining has both the positive and negative impacts on the environment, its negative impacts like depletion of natural resources, loss of grazing land and degradation of the environment tends to outweigh its positive contribution. This study was carried to see how microfinance institutions (MFIs) can use institutional force in compelling the gold mining sector to adhere to environmental management principles in Zimbabwe. The study explores the role that can be played by microfinance in promoting green goldmining in Zimbabwe. Green microfinance besides its traditional finance and social role also aims for the promotion of environmental management. Microfinance institutions play a critical role in promoting environmental sustainability, even though they are well misunderstood as the role they play on the ground requires a guideline. Therefore, to understand the role that can be played by microfinance institutions in promoting green gold mining this study advocate for a conceptual framework to act as a guide to microfinance institutions. The development of a conceptual framework for the role of microfinance institutions in bridging the sustainable development gap in the goldmining sector is the work's key contribution. Further work would include conducting in-depth interviews with key stakeholders in the Zimbabwean microfinance sector and gold mining sector to validate the framework.
    VL  - 8
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Author Information
  • Department of Accounting and Information Systems, Munhumutapa School of Commerce, Great Zimbabwe University, Masvingo, Zimbabwe

  • Department of Accounting and Information Systems, Munhumutapa School of Commerce, Great Zimbabwe University, Masvingo, Zimbabwe

  • Faculty of Commerce, Reformed University, Masvingo, Zimbabwe

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