Везде
EFFECTIVE MICROCREDIT BANKING TO ALLEVIATE THE POVERTY IN BANGLADESH
Table of contents
Annotation Estimate Publication content
References Comments
Share
QR
Metrics
EFFECTIVE MICROCREDIT BANKING TO ALLEVIATE THE POVERTY IN BANGLADESH
Annotation
PII
S0321-50750000495-0-1
Publication type
Article
Status
Published
Authors
Nazmul Hossain Md.  Аlam Radzhu
Edition
Issue №6
Pages
56-62
Abstract
The research focuses on the assessment of the MFIs (Micro Financial Institutes) & Small Business in Bangladesh; it focuses on the impacts of microcredit for growth & development of small businesses and improves the poverty condition. Bangladesh is one of the poorest countries in the world with low GDP/capita and minimum purchasing power. Almost a third of the total population (165 million) of the country lives below the national poverty line ($2/day). Lifting the vast population out of the poverty conditions and ensuring sustainable economic growth are the most remarkable national objectives in Bangladesh. The development of successful and sustainable small business, which creates employment for low- and semi-skilled workers, mainly self-employed, is considered one of the most effective ways to lift a nation out of the vicious cycle of poverty, and thus is a key policy goal for Bangladesh. Paving the way for MFIs since 1970s, especially during the new wave of microcredit in the 1990s, has come to be seen as an important development policy and a poverty alleviation tool in the country. The aim of the paper is to analyze existing MFIs and their microcredit policies and propose effective microcredit policies for growth and development of small businesses, as well as socioeconomic development. The researcher undergoes a field survey using semi-structured questionnaires and scheduled face-to-face interviews in Bangladesh. These analyses and the concept of the method of assessment of the impacts of microcredit determine the research methodology, research questions and the hypotheses which form the ideological basis of the research dissertation as well as its scientific contribution.
Keywords
Microcredit, Micro Financial Institute, Economic Growth, Poverty Alleviation
Date of publication
01.06.2018
Number of purchasers
8
Views
1146
Readers community rating
0.0 (0 votes)
Cite   Download pdf

References



Additional sources and materials

1. Anis Chowdhury, DESA Working Paper no. 89 ST/ ESA/2009/89. Department of Economic & Social Science, N.Y. 10017, USA.


2. Banerjee Abhijit, Esther Duflo, Rachel Glennester, Cynthia Kinna. The miracle of microfinance? Evidence from a randomized evaluation. Retrieved 17 April 2012.


3. Bangladesh Bank 2017 (Central Bank of Bangladesh) - https://www.bb.org.bd/fnansys/interestlending.php (accessed 25.03.2017)


4. BBC News, 28 October 2013 - http://www.bbc.com/news/world-asia-24128096 (accessed 17.04.2017)


5. bdnews24.com, 2015-09-16 (accessed 12.03.2017)


6. Financial Times. 11.10.2010 - https://www.ft.com/content/fd16a1f0-ecea-11df-9912-00144feab49a (accessed 15.04.2017)


7. Humle D., Mosley P. (1996). Finance against Poverty, Vols. 1 and 2. London and New York: Rutledge International Publishing Company, pp. 134-135.


8. IMF report on Bangladesh’s economic Condition - www.imf.org/external/country/BGD (accessed 15.04.2017); UNDP report on Bangladesh Economic & Human Right Development -  www.bd.undp.org/.../bangladesh/...2014/UNDP% 20annual%20report%202013%20to (accessed 15.04.2017)


9. Islam M.S. (2010). Role of supporting institutions in the development of entrepreneurship and small enterprises in Bangladesh (Unpublished PhD thesis). Islamic University, Kushtia, Bangladesh.


10. Kathrin Hartmann: “Erlosen kann uns nur de Tod” (Only Death Can Save Us) // Frankfurter Rundschau. 30 August 2012.


11. Khandker M., Shahidur R. (2005). Microfinance and poverty: evidence using panel data from Bangladesh // The world Bank Economic Review. 19(2): 263-286. doi: 10.1093/wber/lhi008 (accesses 10.03.2017)


12. Kristof Nicholas. The Role of Microfinance // The New York Times. 28.12.2009.


13. Mahjabeen R. (2012). Financial Services and Economic Growth // Journal of Policy Modeling, 30, 1083-1092 - https://doi.org/10.1016/j.jpolmod.2007.12.007 (accessed 15.03.2017)


14. Mia M. A. H. (2000). Non-government organizations’ support services for the promotion and development of micro enterprises: An analysis of their effectiveness in Bangladesh. Dhaka University, Bangladesh.


15. Microcredit Regulation Authority (MRA) of Bangladesh, January 25, 2013 - https://www.microcapital.org/microcapital-brief-microcredit-regulatory-authority-mra (accessed 10.03.2017)


16. Microcredit Regulation Authority MRA-MIS 2015 - http://www.mra.gov.bd/images/mra_files/Publications/vol2015.pdf (accessed 10.03.2017)


17. Milford Bateman. Why Doesn’t Microfinance Work? The Destructive Rise of Local Neoliberalism. Zed Books, London 2010.


18. Monir Moniruzzaman (09-03-2012). Living Cadavers in Bangladesh: Bioviolence in the Human Organ Bazaar. Medical Anthropology Quarterly // International Journal for the Analysis of Health, pp. 69-91 - http://onlinelibrary.wiley.com/doi/10.1111/j.1548-1387.2011.01197.x/full (accessed 10.04.2017)


19. Rahman S.M. (2012). Development of small scale entrepreneurship in Dinajpur // M. Solaiman (Ed.). Marketing in the new millennium, Chittagong University, pp. 163-173.


20. The Daily Jonokhonto. 05.07.2011.


21. Westover J. (2008). The Record of Microfinance: The Effectiveness/Ineffectiveness of Microfinance Programs as a Means of Alleviating Poverty // Electronic Journal of Sociology - http://www.sociology.org/content/2008/_westover_finance.pdf (accessed 11.05.2017)


22. Worldmeters. Bangladesh Population - http://www.worldometers.info/world-population/bangladesh-population (accessed 10.05.2017)


23. World Population Prospect - Global demographic estimates and projections by the United Nation 2017 - worldpopulationreview.com/countries/bangladesh-population (accessed 10.05.2017)

Comments

No posts found

Write a review
Translate