Green Microfinance: Africa’s Path to Resilience

Variables Acronyms Definitions References Access to Clean Water AAwater Proportion of the population without access to clean water, expressed as a percentage, representing vulnerable communities. UNICEF & WHO, 2020: Access to clean water is essential for health and development. Amounts of Green Microfinance AGMF Amounts of funding granted for ecological projects, expressed in millions of US dollars (USD). Huybrechs et al., 2019: Green microfinance supports sustainable development by improving access to resources. GDP per Capita GDP Measure of average economic wealth per person, calculated by dividing a country’s total GDP by its total population, expressed in current USD. Gatto & Sadik-Zada, 2022: Higher economic growth fosters the improvement of essential infrastructure. Household Consumption HH Total consumption expenditures of households and non-profit institutions, expressed in millions of current USD. Cheng & Taghizadeh-Hesary, 2024: Household expenditures influence access to essential services. CO₂ Emissions COE Total carbon dioxide emissions from human activities, expressed in metric tons. Wang & Xu, 2024: CO₂ emissions affect the availability of water resources through climate change. Gini Index GinX Statistical measure of income inequality within a population, expressed on a scale from 0 (perfect equality) to 1 (maximum inequality). Ullah & Khan, 2017: High inequality reduces investments in infrastructure. Poverty Rate PR Proportion of the population living below the poverty line, expressed as a percentage. Guermond et al., 2023: The poverty rate impacts access to essential resources. Renewable Energy Consumption REC Share of energy consumed from renewable sources, expressed as a percentage. Huybrechs et al., 2019: Investments in renewable energy improve access to sustainable services. Unemployment Rate Umpt Proportion of the labor force that is unemployed, expressed as a percentage. Maket, 2024: Unemployment limits households' ability to invest in access to essential services.