Financing the Poor: Can Microcredit Make a Difference? Empirical Observations from Bangladesh

14 Pages Posted: 9 Sep 2008

See all articles by Farhad Hossain

Farhad Hossain

University of Manchester

Tonya Knight

affiliation not provided to SSRN

Date Written: September 9, 2008

Abstract

Over the last three decades microcredit has gained enormous success in reducing poverty on a global scale. As an efficient financial mechanism, microcredit enables various governmental and non-governmental actors to realise the millennium development goals (MDGs). Based on our recent field-research on microfinance in central Bangladesh, this paper empirically examine and analyse the role of microfinance institutions (MFIs) in promoting rural livelihoods in the country. The study reflects on recent arguments against microcredit and shows that despite some criticisms, microfinance is making significant contribution in uplifting the livelihoods of disadvantaged rural communities.

Keywords: Microcredit, Poverty Alleviation, Community Development, Bangladesh

Suggested Citation

Hossain, Farhad and Knight, Tonya, Financing the Poor: Can Microcredit Make a Difference? Empirical Observations from Bangladesh (September 9, 2008). Brooks World Poverty Institute Working Paper No. 38. Available at SSRN: https://ssrn.com/abstract=1265594 or http://dx.doi.org/10.2139/ssrn.1265594

Farhad Hossain (Contact Author)

University of Manchester ( email )

Oxford Road
Manchester, M13 9PL
United Kingdom

Tonya Knight

affiliation not provided to SSRN

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