Micro-Credit and Poverty Reduction: A Case of Bangladesh

Mazumder, Mohummed Shofi Ullah; Lu, Wenjing

doi:10.18267/j.pep.459

Cited by 19 publications

(16 citation statements)

References 18 publications

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“…In rural communities in Bangladesh, microcredit has been introduced as a means of economic and social development (Mallick 2002). In Bangladesh, more than 20,000 NGOs, associations, credit groups and cooperatives have been operating (Ullah and Routray 2007) and about 2116 NGOs have been offering microfinance services to millions of poor rural at lower costs through informal lenders aiming to improve the borrowers' economic conditions (Mazumder and Wencong 2013;Zeller et al 2001). Further, Bangladeshi NGOs and microfinance institutions have been working successfully with their poor clients in improving their socio-economic conditions (Ahmad and Townsend 1998).…”

Section: Microfinance Services Offered By Ngo-turned-mfis In Bangladeshmentioning

confidence: 99%

Financing micro-entrepreneurs for poverty alleviation: a performance analysis of microfinance services offered by BRAC, ASA, and Proshika from Bangladesh

et al. 2018

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Microfinance services have emerged as an effective tool for financing microentrepreneurs to alleviate poverty. Since the 1970s, development theorists have considered non-governmental microfinance institutions (MFIs) as the leading practitioners of sustainable development through financing micro-entrepreneurial activities. This study evaluates the impact of micro-finance services provided by MFIs on poverty alleviation. In this vein, we examine whether microfinance services contribute to poverty alleviation, and also identify bottlenecks in micro-finance programs and operations. The results indicate that the micro-loans have a statistically significant positive impact on the poverty alleviation index and consequently improve the living standard of borrowers by increasing their level of income.

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Section: Microfinance Services Offered By Ngo-turned-mfis In Bangladeshmentioning

confidence: 99%

Financing micro-entrepreneurs for poverty alleviation: a performance analysis of microfinance services offered by BRAC, ASA, and Proshika from Bangladesh

et al. 2018

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“…Authors observed a wider disparity in employment and income, literacy and education, nutritional intake, and access to health facilities which is obvious obstacle to inclusive growth of a country. Mazumder and Wencong (2013) explored positive association between women's access to credit and socio-economic variables such as neighbors' respect, self-esteem, self-confidence, self-expression, ability to protest social injustice, capacity to solve social issues are applied to measure changes in social conditions of poor women. Malik and Luqman (2005) observed that microfinance raised women's economic status by assisting them to enhance their income through which they can experience more financial sovereignty.…”

Section: Financial Inclusion and Women Empowerment Nexus: Empirical Ementioning

confidence: 99%

Does Financial Inclusion Promote Women Empowerment? Evidence from Bangladesh

Siddik¹

2017

AEF

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Financial inclusion empowers individuals and families, especially women and the poor, and well-functioning financial systems enrich whole countries. While a plethora of literature exists in connection between the financial inclusion and women empowerment most of those are cross country studies and findings are mixed. And there is relative dearth of studies examining the nexus of financial inclusion and women empowerment of developing economy, particularly Bangladesh. This study attempted to fill this gap. In order to achieve the objective, a survey, by means of structured questionnaire, has been conducted on 500 rural women living in the Kurigram and Gaibandha district of Bangladesh during January to February 2017. Study reveals that financial inclusion increases women income, purchasing power, living standard and position in the family. Study also reveals that after availing financial inclusion progrmmes, rural women become able to meet their emergencies, give child better education, get better medical facility, reduce dependency on local money lenders which means that financial inclusion programmes promotes women’s economic empowerment. Findings of the study is of greater importance to the academicians, practitioners and policy makers of the country to design such packages as to foster financial inclusion which will lead to more women empowerment which in turn will lead to the inclusive development of the country.

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“…Households which mentioned to be benefited from micro credit are 4.916 times significantly more likely to ease poor income-wealth status than others. Receiving and utilising micro credit appear to be influential determinants in raising income than their counterparts (ChurChill et al, 2016;Khandker et al, 2007;Khatun et al, 2012;Mazumder & Wencong, 2013).…”

Section: Determinants Of Income-wealth Changementioning

confidence: 98%

Are the Enclaves on the Same Boat? An Investigation on the Development Indicators of Dahagram–Angarpota of Bangladesh

2020

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Enclaves are the most distressed areas in the world where the ray of development hardly reaches. This study aims to evaluate the progress in the development in Dahagram–Angarpota enclave of Bangladesh after the initiation of 24-h open corridor access through the Indian territory in 2011. The study reveals that after 24-h open access through the corridor, the enclave achieved substantial positive changes in all the five indicators, namely, economic, social and infrastructural, technological, health and demographic indicators. However, the achievement in the four influential factors of development such as income, wealth, poverty and food security are still below the national level. Binary logistic regression model identified a positive change in income–wealth index of households through the changes in corridor access, education, electricity supply, number of livestock and involvement with micro credit. In the process of raising income–wealth, achieving food security and alleviating poverty, this study has suggested some policy recommendations that would guide different development programmes in the area.

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Micro-Credit and Poverty Reduction: A Case of Bangladesh

Cited by 19 publications

References 18 publications

Financing micro-entrepreneurs for poverty alleviation: a performance analysis of microfinance services offered by BRAC, ASA, and Proshika from Bangladesh

Financing micro-entrepreneurs for poverty alleviation: a performance analysis of microfinance services offered by BRAC, ASA, and Proshika from Bangladesh

Does Financial Inclusion Promote Women Empowerment? Evidence from Bangladesh

Are the Enclaves on the Same Boat? An Investigation on the Development Indicators of Dahagram–Angarpota of Bangladesh

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