scholarly journals Role of Micro-credit in Poverty Alleviation of Rural Poor: Evidence from Laxmipur District of Bangladesh

2013 ◽  
Vol 7 (2) ◽  
pp. 37-55
Author(s):  
Md Rezaul Karim ◽  
Shamsunnahar Tania ◽  
Md Mansur Rahman Farazi
Keyword(s):  
Economic Status ◽  
Middle Level ◽  
Poor People ◽  
Government Organizations ◽  
The Poor ◽  
Large Numbers ◽  
Economic Transaction ◽  
Positive Results ◽  
Micro Credit

This paper examines the role of microcredit as a tool to fight poverty. Bangladesh Government and Non-Government Organizations (NGOs) have been trying to alleviate poverty of its people. NGOs provide microcredit to poor people to enhance their income and improve the situation of hardship. This study takes up the Laxmipur experience of Bangladesh. The study reveals that microcredit programs have generated positive results for large numbers of the poor. Micro-credit has significant impacts and ensures the food security. The poor are not homogeneous, so impact varies significantly among different segments of the population according to their socio-economic status, gender, background, family composition and others. The analysis shows that in general, the poorest borrowers benefit less compared to the middle level poor. Microcredit is not the only way out for all the poor for alleviating their poverty. Our analysis shows that microcredit alone cannot alleviate the poverty significantly without ensuring their individual transactional powers such as economic transaction, social transaction, legal transaction and political transaction power. DOI: http://dx.doi.org/10.3329/jbt.v7i2.16453 Journal of Business and Technology Vol.7(2) 2012: 37-55

Role of Micro-Finance in Socio-Economic Development of Kathmandu, Nepal

Patan Pragya ◽  
2019 ◽  
Vol 5 (1) ◽  
pp. 1-10
Author(s):  
Dipak Bahadur Adhikari
Keyword(s):  
Economic Development ◽  
Small Business ◽  
Economic Status ◽  
Poor People ◽  
Socio Economic Status ◽  
The Poor ◽  
Socio Economic Development

The focus of this paper is to analyze the role of micro-finance in socio-economic development of Kathmandu. Microfinance is a simple but effective credit tool that enables the most poor to pull themselves out of poverty. The socio-economic status of loanees has improved consequently than when they started small business with loan in the earlier days. Moreover, it was found that their socio-economic status was higher than that of non-loanees. Microcredit is an effective tool for raising the socio-economic status of the poor people, particularly the women.

scholarly journals ASSESSING ECONOMIC IMPACT OF MICROCREDIT SCHEME: A REVIEW OF PAST STUDIES ON AMANAH IKHTIAR MALAYSIA (AIM)

2020 ◽  
Vol 5 (1) ◽  
pp. 124-142
Author(s):  
Noor Syafinas Muda ◽  
Ku 'Azam Tuan Lonik
Keyword(s):  
Economic Impact ◽  
Small Businesses ◽  
Economic Status ◽  
Empirical Studies ◽  
Well Being ◽  
Poor People ◽  
Self Employment ◽  
Economic Impact Assessment ◽  
The Poor ◽  
Microfinance Institution

Background and Purpose: Microcredit scheme was introduced to provide credit facilities for poor people to start a business activity. Microcredit creates income-generating self-employment activities that allow poor people to venture into small businesses and achieve economic independence. The scheme has been recognised as a successful tool to uplift the socio-economic status among the poor. Amanah Ikhtiar Malaysia (AIM) is the largest microfinance institution in Malaysia and therefore, its impact on the beneficiaries is crucial to be studied. This paper aims at reviewing the economic impact of AIM based on the existing literature.   Methodology: Four electronic databases, which are Scopus, Science Direct, Springer and Ebscohost were used to search the literature. Subsequently 118 articles were generated from this search. However, only 13 articles which met the selection criteria were analysed. We selected only empirical studies that focused on the economic impact of AIM.   Findings: Results of the review showed that income has dominated the economic impact assessment followed by asset, economic vulnerability and spending. Low concentration on the indicators other than income should be noted especially on spending as it provides a clear evidence that the recipients enjoy the economic well-being in terms of consumption expenditure.   Contribution: This review reveals that microcredit has a great potential to uplift the economic status of the poor.   Keywords: Amanah Ikhtiar Malaysia, asset, economic impact, income, microcredit.   Cite as: Muda, N. S., & Tuan Lonik, K. A. (2020). Assessing economic impact of microcredit scheme: A review of past studies on Amanah Ikhtiar Malaysia (AIM).  Journal of Nusantara Studies, 5(1), 124-142. http://dx.doi.org/10.24200/jonus.vol5iss1pp124-142

scholarly journals Microfinance Institutions in Yemen “Hurdles and Remedies”

2017 ◽  
Vol 4 (1) ◽  
pp. 10 ◽  
Author(s):  
Ali Saleh Alshebami ◽  
V. Rengarajan
Keyword(s):  
Rural Areas ◽  
Primary Data ◽  
Poor People ◽  
Remedial Measures ◽  
Microfinance Institutions ◽  
Secondary Sources ◽  
The Poor ◽  
Physical Infrastructure ◽  
Banking Institutions

The objective of this paper is to investigate the different types of hurdles limiting the growth and development of microfinance institutions operating in Yemen, and to suggest relevant recommendations that be used as a backup in the process of taking remedial measures. The study is both descriptive and analytical in nature. The data collected is based on both primary and secondary sources. The primary data was collected during the field study of ongoing PhD research study on the role of microfinance in mitigating poverty and unemployment in Yemen conducted in October 2015 by Mr. Ali Alshebami. Only a sample of nine MFIs was selected from The MFIs operating in the market, as the remaining MFIs could not be easily reached due to the prevailing persistent internal war situation. A few of these hurdles include but not limited the existence of insufficient funds necessary for financial business and the availability of poor physical infrastructure in the rural areas. In addition, the shortage of qualified human resources, the poor diversification of products and services, the political instability of the country, the wrong perception about lending to the poor and many others. Among other remedial measures, investible funds and designing of integrated financial products with the inclusion of micro insurance are essential, these two vital ones along with including the financial linkages between MFIs and formal banking institutions should be adopted for more enhancement. The study confirms that there are several difficulties and challenges, which hinder the MFIs from progressing and achieving their mission in terms of outreach to the poor people.

The effectiveness of zakat in alleviating poverty and inequalities

Humanomics ◽  
2015 ◽  
Vol 31 (3) ◽  
pp. 314-329 ◽  
Author(s):  
Naziruddin Abdullah ◽  
Alias Mat Derus ◽  
Husam-Aldin Nizar Al-Malkawi
Keyword(s):  
Government Expenditure ◽  
Basic Needs ◽  
Poor People ◽  
Content Type ◽  
Muslim Countries ◽  
The Poor ◽  
Poor Households ◽  
Poverty And Inequality ◽  
Main Determinants

Purpose – The purpose of this paper is to examine the role of zakat (the Islamic tax) in alleviating poverty and inequality in Pakistan using a newly developed index, namely, the Basic Needs Deficiency Index (BNDI). Design/methodology/approach – The study formulates an index (BNDI) to measure the deficiency and effectiveness of zakat as one of the different items of government expenditure/spending to alleviate poverty. In this paper, Pakistan is chosen as a case study for two reasons: the availability and accessibility of data required for computing BNDI; and, in the past, no index such as this had been used to measure poverty in Pakistan. Findings – The results obtained from the computation of the BNDI have been able to explain the effectiveness of zakat in alleviating poverty and inequality in Pakistan. Practical implications – The findings of the study can be used by policymakers to measure and improve the effectiveness of zakat in reducing poverty and inequality. Social implications – As the ultimate beneficiaries of zakat are the poor people, the outcome of this study may help improve their quality of life. Originality/value – The paper develops a new methodology to measure poverty alleviation in Pakistan, focusing on the poor households’ consumption/expenditure on basic needs, government spending in terms of zakat and the number of zakat recipients as the three main determinants. The index developed in the present study can be applied to measure the performance of all Muslim countries whose provision of zakat is embedded in the national agenda to alleviate poverty.

scholarly journals Why some poor women in Bangladesh do not opt for micro-credit?

2014 ◽  
Vol 11 (2) ◽  
pp. 285-292 ◽  
Author(s):  
MA Khatun ◽  
MA Islam ◽  
S Majumder
Keyword(s):  
Rural Women ◽  
Poverty Alleviation ◽  
Poor People ◽  
High Interest Rate ◽  
Starting Time ◽  
The Poor ◽  
Poor Women ◽  
Poor Families ◽  
Poor Management ◽  
Micro Credit

Despite many positive impacts of micro-credit, some studies found that micro-credits are not reaching the extreme poor. This study is designed to find out the major causes why rural women do not join micro-credit programme. The present study conducted case studies on ten dropped out members, three non-NGO/MFI members and five NGO/MFI officials. The important causes for dropout are high interest rate, poor management of loan money by clients, management of default cases by NGO/MFI officials, starting time of repayments of instalment, improper utilisation of loan money, husband’s unacceptable interference, lack of training to utilise the money and difficulty in getting large amount of loan. On the other hand, worry of failure to repay the instalment, unwillingness to take loan and husband’s opposition are the main reasons for non-membership of micro-credit programmes. Tough membership criteria set by the NGOs/MFIs restricts the access to micro-credit option for many of the poor families. Though some NGOs/MFIs have some programmes to support the ultra poor, the coverage is limited. One important hurdle to overcome is the psychological poverty. There are many poor people who are not motivated to get involved in the process despite many NGOs/MFIs are operating at their doorsteps. Appropriate actions are needed to increase the coverage of the micro-credit programme to fight against poverty. NGOs/MFIs should focus not only on the profit but also on the true achievement in poverty alleviation. DOI: http://dx.doi.org/10.3329/jbau.v11i2.19927 J. Bangladesh Agril. Univ. 11(2): 285-292, 2013

scholarly journals Micro-Finance for Poor and Non-Poor Communities of Nepal

2018 ◽  
Vol 32 (2) ◽  
pp. 135-142 ◽  
Author(s):  
Chandra Prasad Dhakal
Keyword(s):  
Rural Areas ◽  
Economic Status ◽  
Economic Importance ◽  
Small Scale ◽  
Poor People ◽  
Socio Economic Status ◽  
The Poor ◽  
The People ◽  
The Difference ◽  
Poor Communities

 The micro-finance institutions are providing service to the people with the noble purpose to improve their socio-economic status which ultimately helps to reduce the poverty Nepal. In the Nepalese context, micro-finance institutions are providing the equal services to all people living in the remote and rural areas. The main objective of this study was to identify the economic importance of micro-finance institutions for poor and non-poor communities of Nepal. The study was conducted in Syangja district among the 385 beneficiaries of micro-finance. This study found that there was no significant association between the poor and non-poor people regarding the success of small scale business with the support of micro-finance, and increasing the amount of saving because p = .524 and .402 respectively which was greater than .05 significant levels. The difference could be observed in the increase in income level of poor and non-poor. Slight better improvement could be seen among the poor people, there was significant association between poor and non-poor because of p = .019.

Job-Finding among the Poor

2017 ◽  
Author(s):  
Sandra Susan Smith
Keyword(s):  
Social Networks ◽  
Social Ties ◽  
Poor People ◽  
Weak Ties ◽  
Job Seekers ◽  
Job Seeking ◽  
Job Information ◽  
The Poor ◽  
Job Finding

This article examines whether social ties play a significant role in job seeking by poor people. A number of studies provide evidence that in relative and absolute terms, the poor rely heavily on social networks for job-finding. Without networks, poor job seekers are significantly less likely to find work. After considering what kinds of ties help the poor get ahead, this article discusses the role of weak ties as a source of job information and influence. It then explores the link between employment outcomes and network structure and composition as well as how people make leveraging ties, and how might this process of tie formation inform our understanding of network inequality. It also asks why leveraging ties are effective and concludes with an assessment of conditions that facilitate social capital activation.

Role of NGOs in Promoting Micro Health Insurance: A Study with Reference to ‘Sampoorna Suraksha’ Health Insurance Scheme by SKDRDP, Mangalore (India)

2015 ◽  
Vol 4 (2) ◽  
pp. 251-261 ◽  
Author(s):  
Vishal Pinto
Keyword(s):  
Health Insurance ◽  
Health Insurance Scheme ◽  
Poor People ◽  
Insurance Scheme ◽  
Micro Health Insurance ◽  
Insurance Sector ◽  
Rural Development Programme ◽  
The Poor ◽  
Hospitalization Costs

The insurance sector has penetrated towards many of the high-income individuals and families but was unable to reach to those poor who do not have the capacity to purchase these insurance products. Thus, it is has created a huge gap between the rich and the poor. Micro health insurance is a new phenomenon in the Indian insurance sector which is specifically designed for the poor. This insurance programme is very essential for the individuals to protect them from various uncertainties and risk. The insurance is normally a product designed for the convenience of the middle- and higher-income groups of people. The lower segments of the people are alienated from taking the insurance policies as the prices of the policies are too high and unaffordable for them. Microfinancial institutions and non-governmental organizations (NGOs) that work with urban and rural poor felt the need for the security of these people. Thus, many such institutions have come forward to offer insurance facilities to the poor. They have kept policy prices low and the premium was priced according to their level of income. The Shri Kshetra Dharmasthala Rural Development Programme (SKDRDP) is one such institution which has focused on medical and hospitalization costs of the poor people. Accordingly, they designed a favourable micro health insurance product named as ‘Sampoorna Suraksha’ health insurance scheme. The scheme was introduced in the year 2004 and has witnessed tremendous progress over the years. In this article, we have analyzed the concept of micro-insurance, its development in India, its delivery models etc. We have also evaluated the ‘Sampoorna Suraksha’ scheme of SKDRDP and the progress of the insurance scheme in terms of enrolment, claim settlement, premium collection etc. The main objective of this article is to analyze the role of NGOs towards micro health insurance. In order to make an appropriate study, we have used exploratory and descriptive research methodology by taking the SKDRDP as a unit of the case study.

scholarly journals CHARITY OF THE CATHOLIC CHURCH IN MEDIEVAL POLAND

2018 ◽  
pp. 23-25
Author(s):  
Leszek Aftyka
Keyword(s):  
Middle Ages ◽  
Catholic Church ◽  
Poor People ◽  
Christian Tradition ◽  
Moral Principles ◽  
The Poor ◽  
Christian Love ◽  
The Needy ◽  
Important Form

Charity in the Christian tradition is a voluntary form of care and help, which consists in material support provided by wealthy people to the weak, poor and helpless. The article discusses the most important form so institutional assistant ce provided by clergy, religious or dears, confraternities and corporations - guilds. In the Middle Ages, the greatest social problems were poverty, begging and vagrancy. The actual guardian of the poor was the bishop, where he was obliged to collect funds "provided by the faithful members during the monthly services, from the Sunday collection and imposed penitential penalties. All lay people who performed this task by giving alms to the needy were obliged to provide basic help to their neighbours. Very important institutions that helped the needy were monasteries, especially those that had their own agricultural economy. Their duties included providing a one-off accommodation and a modest meal for travelers. The monks regularly supported local poor people, often playing the role of seasonal employers, e.g. during the harvest season. Various fraternities and corporations – guilds were created in medieval cities. From their members they required observance of moral principles and the provision of Christian love to their fellow men. From the collected contributions, as well as from fines for breaking corporate rules or privileges, a fund for charity was created.These organizations were created primarily by craftsmen. One of the most important goals was to care for old and sick members, as well as their decent burial. Some corporations had their own hospitals and shelters.

scholarly journals A Study on Socio-Economic Empowerment and Loan Repayment of Women SHG Members

2019 ◽  
Vol 7 (3) ◽  
pp. 28-38
Author(s):  
H Manjula Bai
Keyword(s):  
Significant Role ◽  
Economic Status ◽  
Income Level ◽  
Economic Transformation ◽  
Economic Empowerment ◽  
Loan Repayment ◽  
Socio Economic Status ◽  
The Poor

This paper is designed to study the extent of the role of SHGs , who are playing significant role in socio-economic transformation among poor and weaker section of the society. For  the purpose of study, the researcher has selected 120 respondents of SHG. The study covers different aspects in respect to socio- economic status, barriers in improving the income level, savings habit of women, utilization of loan disbursed and whether the SHGs has significance in improving the standards of women SHG members. Further the study would highlight the socio-economic empowerment and loan repayment of women SHG Members. All category of women were surveyed by using questionnaire and the extent of improvement in their social and economic status is studied. Finally the detail information about the benefits they had received were also considered. A small attempt have been made to understand the benefits of the SHG’s , and also how SHG’s help in transformation of the poor and weaker section of the society.  

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