Preprint Concept Paper Version 1 This version is not peer-reviewed

Contribution of Micro Finance on Poverty Alleviation in Bangladesh

Version 1 : Received: 3 November 2019 / Approved: 5 November 2019 / Online: 5 November 2019 (05:28:48 CET)

How to cite: Hossen, A.; Miah, M.R.; Ruhi, R.A. Contribution of Micro Finance on Poverty Alleviation in Bangladesh. Preprints 2019, 2019110045 (doi: 10.20944/preprints201911.0045.v1). Hossen, A.; Miah, M.R.; Ruhi, R.A. Contribution of Micro Finance on Poverty Alleviation in Bangladesh. Preprints 2019, 2019110045 (doi: 10.20944/preprints201911.0045.v1).

Abstract

Poverty exists through the world as a curse and a big trouble in the way of development. When people deprived of their basic needs such as food, cloth, shelter, education, treatment and so on is termed as poverty .This paper is to examine empirically the impact of micro-credit on poverty alleviation in Bangladesh. The regular growth of the micro finance concerned parties has been promoted not only by market forces but also by conscious actions of national governments,Non-Governmental Organizations (NGOs) and the donors who view microfinance as an effective tool for eradicating poverty. This paper argues that microfinance can be considered as an important element for an effective poverty reduction strategy especially in rural areas. This study is developed by descriptive analysis based on secondary data. After the analysis of collected data and information, it shows evidence that practically microcredit can be considered as an effective tool for poverty reduction in developing countries like Bangladesh. To be more ensure that how much and how the microcredit really reduces poverty, further study and research should be carried out in future.

Subject Areas

microfinance; poverty; MFI’s; NGO

Comments (0)

We encourage comments and feedback from a broad range of readers. See criteria for comments and our diversity statement.

Leave a public comment
Send a private comment to the author(s)
Views 0
Downloads 0
Comments 0
Metrics 0


×
Alerts
Notify me about updates to this article or when a peer-reviewed version is published.