Microcredit and Poverty Alleviation

Islam, Tazul

doi:10.4324/9781315595184

Cited by 34 publications

(23 citation statements)

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“…The author suggested that program activities should be implemented based on the needs of the borrower to improve their conditions. Morduch (1998) and Islam (2006) stated that most of the microcredit providers mainly provide short-term financial support to the poor that would assist in smoothing their consumption but failed to alleviate their poverty. According to the author, the impact of Grameen Bank's credit program had a very small impact on alleviating village level poverty.…”

Section: Problem Statementmentioning

confidence: 98%

“…Nawaz (2010) identified high interest rate, lack of flexibility in loans, and fear of repayment system were the major problems for poor to participate in the microcredit program in Bangladesh. Although microcredit system is relatively better than the traditional banking system for the rural economy but some crucial problem remains such as (a) being a tiny loan size, very often fail to add value; (b) very poor people are not addressed properly; and (c) high interest rate due to high operational cost (Islam, 2006;Khan, 2008).…”

Section: Problem Statementmentioning

confidence: 99%

See 1 more Smart Citation

Can Zakat System Alleviate Rural Poverty in Bangladesh? A Propensity Score Matching Approach

Sohag¹,

Mahmud²,

Alam³

et al. 2015

Journal of Poverty

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The Masjid Council for Community Advancement provided zakat funds (compulsory alms giving) and training facilities to very poor people in Bangladesh through the Hasana project to improve their living standard. The prime objective of the study was to assess the impact of zakat funds on household income and expenditure. Propensity score matching technique was used to assess the impact of the Hasana project on the households who received zakat. This study shows that income and expenditure of the zakat-receiving households increased due to project intervention.

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Section: Problem Statementmentioning

confidence: 98%

Section: Problem Statementmentioning

confidence: 99%

Can Zakat System Alleviate Rural Poverty in Bangladesh? A Propensity Score Matching Approach

Sohag¹,

Mahmud²,

Alam³

et al. 2015

Journal of Poverty

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“…These initiatives have been considered as the most important and effective mechanism in boosting household income [6][7][8], micro-enterprise income [9,10], and micro-enterprise asset net worth [9,11] that leads to the eventual decrease in economic vulnerability [12,13]. To reiterate, the aim of this study is to examine the effect of economic vulnerability on participation in development programs, household income, micro-enterprise income, and assets among the participants of various development initiatives in the state of Kelantan.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Economic Vulnerability on the Participation in Development Programs and the Socio-Economic Well-Being of Low-Income Households

2018

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This study intends to examine the effect of economic vulnerability on participation in development initiatives, household income, micro-enterprise income and net worth of micro-enterprise asset among low-income households in the state of Kelantan, Malaysia. Adopting a cross-sectional design, this study collected data from randomly selected 450 micro-entrepreneurs who were being served by three major development organizations in Kelantan, Malaysia. The findings revealed that the level of economic vulnerability among the respondents had a significantly negative effect on the participation of development initiatives, household income, micro-enterprise income and the net worth of microenterprise asset among the low-income Kelantanese households. This study provided insights for a comprehensive policy formulation for rural development as it identified program participation issues and gaps faced by the targeted cohort, which if effectively addressed can lead to an increase in participation in development programs, together with household and micro-enterprise income and assets, among the low-income economically vulnerable households in Kelantan, Malaysia.

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“…Islam (2007) hypothesised that microcredit can create a circle of growth for poor borrowers that 'low income households need credit for investment to create more income and more credit and more income'. In other words, microcredit enhances income growth, which increases a household's consumption level, hence, contributes to an immediate welfare improvement.…”

Section: How Does Microfinance Help the Poor?mentioning

confidence: 99%