The use of microcredits to finance projects with a social and environmental impact, through the Bolivian stock exchange

Abstract

This document explores an alternative for financing projects that jointly generate social and environmental impacts in the national territory. For this purpose, using a descriptive legal design, the regulations issued by the Financial System Supervision Authority (ASFI), the modalities of issuance of social, green and sustainable bonds placed on the stock exchanges of the Republic of Chile and Argentina based on a descriptive legal methodology, the correlation of the placement of credits, the issuance of Securities in the national stock market and the regulations referring to the issuance of sustainable bonds. The research is focused on democratizing and allowing access to credit resources to the most vulnerable population in the country and, simultaneously, financing projects that generate a positive environmental and social impact in the country.