Micro-credit and the reduction of poverty in Bangladesh

Hoque, Serajul

doi:10.1080/00472330480000281

Cited by 27 publications

(13 citation statements)

References 3 publications

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“…As reported by Ahmed (2009) all microfinance members were able to increase their household income and improved their living standards [7]. However, Hoque (2004) established that 65% of the microfinance borrowers remained to be poorest [8].…”

Section: Literature Reviewmentioning

confidence: 92%

Microfinance Helps to Rural Women for Poverty Reduction in the District of Bogra, Bangladesh

Ali¹,

Islam²,

Hatta³

2015

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The primary objective of this study was to examine the role of microfinance programs in poverty reduction among the poor women in Bogra District. The study was based on data collected from a total of 400 microfinance beneficiaries, which was recruited using a simple random sampling in the year 2011. The study findings suggested that there was no significant relationship of microfinance on specific variables such as household income, education opportunities, employment, health, nutrition, sanitations facilities and women`s empowerment in the district of Bogra. Only housing status of microfinance beneficiaries had improved during their membership periods. This study proposed a poverty reduction model that includes various aspects including political and social policy reformulations; natural disaster management; employment opportunities;financial assistances; zakat and social safety nets; proper healthcare for the poor; education and knowledge institutions; technical or skills development training; vocational education; development infrastructure and shelter; women`s empowerment and capacity building; as well as women`s human rights and social justice in order to be more effective in understanding and finding solutions to mitigate poverty in general.

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Section: Literature Reviewmentioning

confidence: 92%

Microfinance Helps to Rural Women for Poverty Reduction in the District of Bogra, Bangladesh

Ali¹,

Islam²,

Hatta³

2015

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“…Another possible explanation for these findings is that rural women in Bangladesh are generally not considered equal with men. In Bangladesh; males are considered the breadwinners whereas the females are considered as temporary guests and there is no room for women to create their own voices outside of those of their husbands or fathers (Hoque, 2004). The findings will also provide theoretical and practical implications for managing expatriates and offer an alternative viewpoint.…”

Section: Discussionmentioning

confidence: 99%

“…Based on the framework by Golla et al (2011) a woman is considered to be economically empowered when she has the power and ability to make and act on economic decisions by advancing economically and having the power and agency to benefit from economic activities. As women participate in microcredit organizations, they typically become more empowered and less vulnerable (Hoque, 2004). Golla et al (2011) claimed that women's economic empowerment is fast becoming a key instrument in promoting their abilities to achieve their rights and well-being which subsequently reduces household poverty and increases economic growth, productivity and efficiency.…”

Section: The Conceptualization Of Women Empowermentmentioning

confidence: 99%

Microcredit Could Influence Empowerment of Women. A Quantitative Study in Chittagong, Bangladesh

Tabassum

Singh

2018

International Journal of Asian Social Science

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Article HistoryThis paper will explore some of the ways in which microcredit have improved the empowerment of women in Chittagong, Bangladesh in terms of change in annual family income, change in health conditions change in decision-making ability and change in purchasing capacity. This was a quantitative research and using a survey method. Data was collected from a sample of 113 borrowers of microcredit loans. The AMOS software developed for analyzing the Structure Equation Modeling (SEM) and SPSS was used. The findings revealed that decision making capacity and family income have a significant impact towards empowerment of women. The findings supported the results from some earlier studies and also bring out several new ideas such as the importance of family income. The findings have significantly contributed to the advancement of knowledge in the empowerment of women borrowers in Chittagong, Bangladesh. The implications were in the areas of encouraging poor women to increase their self-esteem and self-worth, and thereby empower them. It is recommended that microcredit lending be continued and suitable policies and legislation be implemented to ensure successful implementation. The results of this study will add to the current body of knowledge as well as assist in creating foundational solutions to ensure successful outcomes arising from microcredit loans in Bangladesh.Contribution/ Originality: The paper's primary contribution is finding that decision making capacity and change in family income of rural women have a significant impact on empowerment of women in Bangladesh. This paper argues that despite the inconsistencies in research, microcredit can be a useful empowerment tool and still continues to play a vital role in Bangladesh.

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“…26 Another study made in Bangladesh found an insignificant impact on the levels of household consumption before or after the presence of microcredit programs. 27 Similarly, a report issued by the UK Department for International Development asserted that "no clear evidence exists that microfinance programmes [sic] have positive impacts," concluding that "microfinance has to be combined with other interventions." 28 Critics also claim that microfinance is exclusionary of the poorest of the poor -they point to studies that have found that it is the "better off" poor rather than the lowest rungs of the poor who benefit from access to microfinance.…”

Section: A the Discourse Of Microfinancementioning

confidence: 99%

When Poverty Becomes Profitable: A Critical Discourse Analysis of Microfinancial Development in Haiti

Kleinman

2014

CRCP

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For the past thirty years, policymakers have lauded microfinance for its promises to reduce poverty and empower women in developing nations. First conceived by the Bangladeshi economist Muhammed Yunus and the bank he founded, microfinance has been hailed as a visionary project that promises to advance the economic interests of the poor by engaging them directly. Conventional studies by political scientists explore the place of microfinance in the global development architecture of international financial institutions, governments, and NGOs. Economic studies of its effectiveness are contributing to a crisis of legitimacy since they reveal that thousands of clients in developing nations continue to default on their loans due to predatory lending practices. Drawing on discourse analysis methodology, this article seeks to explain how microfinance, an industry embedded in the financialization of development, is now concerned with high financial returns for investments, not the social goals promised by its original raison d'être. Treating microfinance as a discourse, I argue that there is a fundamental tension between the short-term social goals promised by microfinance and the long-term financial objectives of sustainability of investors.

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Micro-credit and the reduction of poverty in Bangladesh

Cited by 27 publications

References 3 publications

Microfinance Helps to Rural Women for Poverty Reduction in the District of Bogra, Bangladesh

Microfinance Helps to Rural Women for Poverty Reduction in the District of Bogra, Bangladesh

Microcredit Could Influence Empowerment of Women. A Quantitative Study in Chittagong, Bangladesh

When Poverty Becomes Profitable: A Critical Discourse Analysis of Microfinancial Development in Haiti

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