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| Author | : Qazi Kholiquzzaman Ahmad |
| Publisher | : |
| Total Pages | : 64 |
| Release | : 2007 |
| Genre | : Microfinance |
| ISBN | : 9789840517787 |
| Author | : International Movement ATD Fourth World |
| Publisher | : |
| Total Pages | : 144 |
| Release | : 1999 |
| Genre | : Social Science |
| ISBN | : |
This book describes experiences in reaching marginalized communities in situations of chronic poverty, as part of ATD Fourth World & the Permanent Forum on Extreme Poverty in the World. It presents seven case studies (Burkina Faso, Guatemala, Haiti, Canada, Peru, Thailand & Uganda) & the lessons to be learned from them, with each illustrating steps taken, difficulties encountered, entry points found, some success factors & key results obtained.
| Author | : Shahidur R. Khandker |
| Publisher | : World Bank Publications |
| Total Pages | : 336 |
| Release | : 2016-07-20 |
| Genre | : Business & Economics |
| ISBN | : 1464808953 |
The recent past has witnessed phenomenal growth in MFIs around the world. Today as many as 200 million people are beneficiaries of microfinance. Given its worldwide attention, microfinance has received serious criticism, including the argument that it is a fad with less-than-expected benefits for the poor. Surely, microfinance is not without any pitfalls. Yet the premise of improving access to financial services for consumption smoothing by the poor has never been a subject of controversy. What has been controversial is whether microfinance can alleviate poverty. That the poor lack an effective and affordable alternative financing mechanism to support income generation does not necessarily mean microfinance is a panacea since it involves entrepreneurial skills, which many poor lack. It is little wonder that studies evaluating the benefits of microfinance have produced conflicting results. Of course, study findings are contextual: They are positive in conducive environments and less so in unfavorable ones. Microfinance must be distinguished from anti-poverty schemes (e.g., conditional cash transfers) because benefits from microfinance-supported activities, which involve participants’ entrepreneurial skills and ability, take time to realize. This book using household long panel survey of 1991/92-2010/11 from Bangladesh addresses some of criticisms—including whether pushing microfinance has made it redundant as a tool for poverty reduction—while investigating whether it still matters for the poor after two decades of extensive growth. The book’s findings confirm the positive effects of continued borrowing from a microfinance program. Despite a manifold increase in microfinance borrowing, loan recovery has not declined and long-term borrowers are not trapped in poverty or debt. Interest rates charged by MFIs are not too high for realizing returns on investment, although the MFIs have scope for lowering them. The book is expected to contribute to the ongoing debate on the cost-effectiveness of microfinance as a tool for inclusive growth and development. It is expected to fill knowledge gaps in understanding the various virtues of microfinance against its portrayal as having drifted from its original poverty-reduction mission.
| Author | : Lamia Karim |
| Publisher | : U of Minnesota Press |
| Total Pages | : 292 |
| Release | : 2011 |
| Genre | : Social Science |
| ISBN | : 0816670943 |
The first feminist critique of the much-lauded microcredit process in Bangladesh.
| Author | : Mohammad Jasim Uddin |
| Publisher | : Routledge |
| Total Pages | : 244 |
| Release | : 2015-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1317430867 |
Microcredit has been seen in recent decades as having great potential for aiding development in poor developing countries, with Bangladesh being one of the countries which has pioneered microcredit and implemented it most widely. This book, based on extensive original research, explores how microcredit works in practice, and assesses its effectiveness. It discusses how microcredit, usually channelled through women, is often passed to the men of the family, a practice disapproved of by some, but regarded as acceptable by borrowers who have a communal approach to debt, rather than viewing debt as something held by single individuals. The book demonstrates how the rules around microcredit are often seem as irksome by the borrowers, how lenders often charge high rates of interest and work primarily to preserve their institutions, thereby going against the spirit of the microcredit movement, and how borrowers often end up on a downward spiral, deeper and deeper in debt. Overall, the book argues that although microcredit does much good, it also has many drawbacks.
| Author | : Geoffrey D. Wood |
| Publisher | : |
| Total Pages | : 404 |
| Release | : 1997 |
| Genre | : Business & Economics |
| ISBN | : |
In recent years Micro-credit, the loan of small sums to people excluded from normal banking processes, has emerged as an important and growing issue in Development Policy. The result of disillusionment with the ability of either government agencies or international aid programmes to change the situation of the poor, Micro-credit has proved very successful. The Grameen Bank in Bangladesh alone lends to two million people. By reviewing the experience of Bangladesh, the country most closely associated with pioneering Micro-credit programmes, the book asks critical questions potentially overlooked in the rush to repeat the success of these ventures in other countries.
| Author | : Shahidur R. Khandker |
| Publisher | : |
| Total Pages | : 50 |
| Release | : 2017 |
| Genre | : |
| ISBN | : |
This paper uses long panel survey data spanning over 20 years to examine the dynamics of microcredit programs in Bangladesh. With the phenomenal growth of microfinance institutions representing 30 million members with over $2 billion of annual disbursement over the past two decades, it is important to understand the dynamics of microcredit expansion and its induced impact on household welfare. A dynamic panel model is used to address a number of issues, such as whether credit effects are declining over time, whether market saturation and village diseconomies are taking place, and whether multiple program membership, which is rising as a consequence of microcredit expansion, is harming or benefiting the borrowers. The paper's results confirm that microcredit programs have continued to benefit the poor by raising household welfare. The beneficial effects have also remained higher for female than male borrowers. There are diseconomies of scale caused by higher levels of village-level borrowing, especially for male members. Multiple program membership is also growing with competition from microfinance institutions, but this has rather helped raise assets and net worth more than it has contributed to indebtedness.
| Author | : Hassan Zaman |
| Publisher | : World Bank Publications |
| Total Pages | : 28 |
| Release | : 2004 |
| Genre | : Microfinance |
| ISBN | : |
The microfinance industry in Bangladesh currently provides access to credit to around 13 million poor households. The author describes the factors that led to the scaling-up of micro-credit in Bangladesh, the impact this has had on the poor, future challenges in Bangladesh, and possible lessons for other countries. The consensus in the literature is that micro-credit plays a significant role in reducing household vulnerability to a number of risks and that it contributes to improving social indicators. The author argues that strategic donor investments in a handful of well-managed institutions that offer a simple, easily replicable financial product could lead to large gains in access to finance for the poor. However, this approach could sacrifice other objectives of financial sector development, such as product and institutional diversity, which could be promoted after the initial expansion has taken place. Governments can also have a crucial role in promoting access to microfinance by ensuring macroeconomic stability, enforcing a simple regulatory structure, and developing communications networks that reduce transaction costs. Another lesson is that while visionary leadership cannot simply be franchised, the internal management systems that led to the scaling-up can be replicated in other settings.
| Author | : Shahidur R. Khandker |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 248 |
| Release | : 1998 |
| Genre | : Microfinance |
| ISBN | : |
With increasing assistance from the World Bank and other donors, microfinance is emerging as an instrument for reducing poverty and improving the poor's access to financial services in low-income countries. Providing the poor with access to financial services is one of many ways to help increase their incomes and productivity. In many countries, however, traditional financial institutions have failed to provide this service. Microcredit and cooperative programs fill this gap. They provide credit through social mechanisms such as group-based lending to reach the poor and other clients, including women, who lack access to formal financial institutions. Their purpose is to help the poor become self-employed and thus escape poverty. This book examines the experiences of the Grameen Bank, the Bangladesh Rural Advancement Committee, and the Bangladesh Rural Development Board's Rural Development Project-12 in order to quantify the potential and limitations of microcredit programs as an instrument for reducing poverty and delivering financial services to the poor. A copublication of the World Bank and Oxford University Press.
| Author | : Shahidur R. Khandker |
| Publisher | : |
| Total Pages | : |
| Release | : 2005 |
| Genre | : Electronic book |
| ISBN | : |
