scholarly journals Effectiveness of Micro-Credit Programs in Socio-Economic Development: A Study on Selected NGOs in Bangladesh

2020 ◽  
pp. 49-61
Author(s):  
Touhidul Islam ◽  
Dr. Razu Ahmed ◽  
Kohinur Aktar
Keyword(s):  
Economic Development ◽  
Positive Impact ◽  
Multinomial Logistic Regression ◽  
Occupational Status ◽  
Primary Data ◽  
Chi Square ◽  
Non Governmental Organizations ◽  
Socio Economic Development ◽  
The Impact ◽  
Micro Credit

Non-governmental Organizations (NGOs) evolved in Bangladesh with the commitment of bringing positive social change and attaining balanced socio-economic development through the disbursement of micro-credit among the marginal people in society. The main intention of the study is to assess the impact of micro-credit on the overall socio-economic development of micro-credit receivers. The Chi-square (χ2) and Multinomial Logistic Regression techniques have applied on primary data collected from 260 beneficiaries of micro-credit of ASA and BRAC NGOs in the Mymensingh district of Bangladesh. The χ2 analysis shows that the amount of micro-credit taken has a significant positive impact on respondents’ type of home, sanitation facilities, ownership of other household assets, health service received, yearly income, expenditure, and savings, and participation in family’s decision making, whereas an insignificant relationship is observed for occupational status, children education, ownership of land and livestock, sources of drinking water, economic solvency, and social status of the respondents.

scholarly journals Community Development Programs For Socio-Economic Development In Pakistan

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Siraj Bashir ◽  
Nasreen Aslam Shah
Keyword(s):  
Economic Development ◽  
Community Development ◽  
Development Program ◽  
Pilot Project ◽  
Living Standard ◽  
Development Programs ◽  
Government Organizations ◽  
Non Governmental Organizations ◽  
Socio Economic Development ◽  
The Impact

Community development program is defined as the set of programs and policies designed to improve the socio-economic condition and also use the existing resources in better way. It is an organized process where member’s efforts of a community can be joined with the collaboration of government departments and non-governmental organizations to improve and evolve community socially, economically and culturally. In Pakistan, the first community development program was introduced in 1951 with the establishment of pilot project in Karachi, by the federal government. Since 1951 till today various community development programs have been implemented by government and non-government organizations (NGOs) to improve the living standard of people. The purpose of the study was to evaluate the impact and contribution of community development programs for socio-economic development in Pakistan. The research study endeavored to analyze the social and economical impacts of these programs on the communities where the programs were implemented. The study included interviews with government officials, NGOs staff and beneficiaries in the field. The findings of study shows that programs in general have positive impacts and appreciated but a lot of work are needed to be done for the welfare of whole society. The recommendations were made as to the best practices of community development programs for policy makers and NGOs to improve the living standard of people in the country.

scholarly journals FNGOs and financial inclusion: Investigating the impact of microcredit on employment growth in Ghana

2019 ◽  
Vol 20 (2) ◽  
pp. 90-106 ◽  
Author(s):  
Victor Yawo Atiase ◽  
Yong Wang ◽  
Samia Mahmood
Keyword(s):  
Employment Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Financial Inclusion ◽  
Primary Data ◽  
Microfinance Institutions ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
Employment Generation ◽  
The Impact

Financial non-governmental organizations (FNGOs) are regulated microfinance institutions that operate with a social welfare logic in the delivery of microcredit to the financially excluded in Ghana. The microcredit is aimed at supporting the financially excluded individuals to create sustainable micro and small enterprises (MSEs) for the generation of both skilled and unskilled employment. From the institutional theory perspective, this study aims at investigating the impact of microcredit provided by FNGOs on employment growth among MSEs in Ghana. The major contribution of this study is the fact that, there is a little study on FNGOs and their impact on employment growth in the Ghanaian context. Therefore, this is one of the few studies that highlights the role of FNGOs in promoting financial inclusion through the provision of microcredit for employment generation purposes. Through a multiple regression analysis, the study uses primary data collected from 506 MSEs in Ghana. The results show that microcredit which is flexible in repayment mode, accessible and adequate has a positive impact on employment generation among MSEs in Ghana. However, the current cost of microcredit in Ghana has a negative impact on employment growth among MSEs.

scholarly journals Cultural Initiatives and Local Development: A Basis for Inclusive Neighborhood Revitalization

2019 ◽  
Vol 4 (1) ◽  
pp. 78-90
Author(s):  
Juan-Luis Klein ◽  
Diane-Gabrielle Tremblay ◽  
Laurent Sauvage ◽  
Leila Ghaffari ◽  
Wilfredo Angulo
Keyword(s):  
Economic Development ◽  
Latin America ◽  
North America ◽  
Positive Impact ◽  
Local Development ◽  
Local Communities ◽  
Local Economy ◽  
Neighborhood Revitalization ◽  
Socio Economic Development ◽  
The Impact

This article focuses on cultural and creative activities and the development of local communities. Several studies on North America, Europe and Latin America have shown that this type of activity may have a positive impact on the local economy and living environments, and in particular on the sense of territorial belonging and on relations between citizens. In this text, we propose a reading of the impact of neighborhood cultural initiatives in the context of local socio-economic development based on a set of indicators of the local cultural vitality of a neighborhood. The empirical research was carried out in Montreal, namely on two boroughs: Rosemont–La Petite-Patrie and Sud-Ouest.

scholarly journals Impact of Microcredit on Living Standard of Dairy Entrepreneurs: Special Focus on Oddusuddan DS Division in Mullaitivu District

2019 ◽  
Vol 3 (2) ◽  
pp. 43-48
Author(s):  
Saseela Balagobei ◽  
Sankeetha Aravinthakumar
Keyword(s):  
Quantitative Analysis ◽  
Low Income ◽  
Rural Areas ◽  
Positive Impact ◽  
Primary Data ◽  
Living Standard ◽  
Poor People ◽  
Special Focus ◽  
The Impact ◽  
Micro Credit

Microcredit is part of micro finance, which provides a wider range of financial services for low income people. Micro credit serves as a vital role for Living standard of poor people in the developing countries as well as in Sri Lanka. In this Study Oddusuddan DS division in Mullaitivu district was selected as research area. After the 30 years conflict situation most people in the Oddusuddan area in Mullaitivu district are subordinate to the poverty line, because most of the displaced people who are female other than male staying here. Women lost their male relatives in struggle, and forced to take a responsibility of their family in order to look after their children, aged parents and their male relatives.  Micro credit helps the poor people particularly women in effective ways in order to create income generating activities.  The prime objective of this study is to investigate the impact of Microcredit on living standard of dairy entrepreneurs in Oddusuddan DS division in Mullaitivu District. In the rural areas of Mullaitivu, Oddusuddan Divisional Secretariat Divisions 100 dairy entrepreneurs were selected as the sample size of population. The selected entrepreneurs who have received loan from samurdhi bank for dairy farming activities in Oddusuddan DS Division. Primary data were used for gathering information and quantitative analysis was carried out to find out the results. In the quantitative analysis the correlation and regression methods were employed to examine the hypotheses by using SPSS. The result of this study concluded that there is a positive impact of samurdhi micro credit on living standard of dairy entrepreneurs in Oddusuddan DS Division. In addition to this, using micro credit facilities create more job opportunities and variety of economic activities and improve household education, income, saving and heath condition of the people. The study recommends that micro credit institution should consider improve the living standard of dairy entrepreneurs through increase the loan amount with lower interest rate.

scholarly journals Impact of Public Investments on the Local Development of the Sarnaki Commune in the Years 2014-2020

2021 ◽  
Vol 14 (2) ◽  
pp. 187-208
Author(s):  
Piotr Zaręba ◽  
Monika Chwedorczuk
Keyword(s):  
Economic Development ◽  
Local Community ◽  
Positive Impact ◽  
Local Development ◽  
Living Conditions ◽  
Developmental Problems ◽  
Public Investments ◽  
Socio Economic Development ◽  
The Impact ◽  
The Village

Abstract Subject and purpose of work: The aim of the work was to show the impact of the implemented public investments and development projects on the local development and the changes that occurred, as well as on the living conditions of the inhabitants of the Sarnaki Commune in 2014- 2020. The research problem of the study was to show the role and the nature of the investments made by the commune in the area of local development. The assumed hypothesis states that the investments implemented in the Sarnaki Commune in the period 2014-2020 have led to the socio-economic development of the commune. Materials and methods: The publication used Polish literature concerning local investments, local development and local government, statistical data and an analysis of the documentation related to the investments obtained from the Sarnaki Commune Office. In order to achieve the aim of the study, a survey was carried out among a deliberately selected group consisting of the representatives of the commune office (commune administrator, secretary, and treasurer), the councilors (legislative authority) and the village leaders (opinion-forming authority) of the Sarnaki commune. A particularly important group included the village leaders, that is the representatives of the local community who are the closest to social developmental problems and are impartial in issuing their opinions. A separate research group consisted of social representatives who were elected in democratic elections by the inhabitants, and who are closely related and knowledgeable about social and economic matters. Some information was also collected from the employees of the commune office. Results: The conducted analyses and the research show that the implemented public investments in the commune studied had the most positive impact on the technical infrastructure in which the most funds were invested. They had the most impact on the access to sports and recreation facilities, road and water infrastructure, as well as on the state of the natural environment and the aesthetics of the surroundings. On the other hand, they had the least impact on the employment opportunities in the commune, access to housing infrastructure and public safety. Conclusions: The investments carried out in the period 2014-2020 in the Sarnaki Commune led to the socio-economic development of the commune, and, as a result, to positive changes, both quantitative and qualitative, in the local development as well as in the living conditions of the inhabitants.

scholarly journals Impact of Microcredit on Women Empowerment Indicators: An empirical reserach in the state of Uttarakhand

2019 ◽  
Vol 8 (3) ◽  
pp. 3702-3709
Keyword(s):  
Economic Development ◽  
Rural Areas ◽  
Positive Impact ◽  
Cultural Factors ◽  
Group Model ◽  
Women Empowerment ◽  
Microfinance Institutions ◽  
Joint Liability ◽  
Socio Economic Development ◽  
The Impact

Women Empowerment has been on national agenda of every government. In developing nation women comprises fifty percent of the population so empowering them is crucial for development and nation building. Various Microfinance Institutions (MFIs) extends microcredit/loan via group model (Self Help Groups and Joint Liability Groups) to the marginalised segment particularly women groups and minorities primarily residing in rural areas with an aim to empower them and foster their socio-economic development. Previous studies have shown that microcredit has positive impact, but providing credit alone does not guarantee empowerment of the member beneficiaries. From past studies it can be concluded that empowerment demand an integrated approach from all the participating bodies/institutions involved, only then can be the objective of socio-economic development be accomplished. Since today very limited literature is available on microcredit and its impact. The current research examines the impact of microcredit on women empowerment indicators (decision making, awareness and psychological factors) of member beneficiaries in Haridwar district of Uttarakand. Women are organized into groups (Joint Liability Groups) and provided microcredit /loan. Non Probability sampling (Convenience Sampling) technique is adopted in sample selection where access to microcredit serves as independent variable and women empowerment indicators serves as dependent variables. The study consists of sample size of 362 member beneficiaries. Hypothesis testing is applied to find the significant association between the dependent and independent variables. Inferential statistics i.e Chi sq test is used to find the association/relationship between access to microcredit and empowerment indicators. Results indicate that there is no association between access to microcredit and women empowerment indicators. The results indicate that microcredit vial JLGs makes no impact on the empowerment indicators, making no improvement in the lives of its beneficiaries. There is need of regular and continuous impact assessment by credit institutions, participation from states and local bodies, must be analysis of socio-cultural factors and formation of women self administered system are some of the recommendations of the study. The results can be used by various stakeholders in designing better approach and as it provides them information on the areas which needs improvement so that microcredit can bring positive difference in the lives of beneficiaries. Also, it opens doors for further research in order to explore the socio-cultural factors which influence women empowerment

scholarly journals Impact of Micro-Finance Intervention on Livelihood Status of Women Households

2018 ◽  
Vol 11 (1) ◽  
pp. 45-56
Author(s):  
Ramkrishna Chapagain ◽  
Pradeep Sapkota ◽  
Mukta Raj Gautam
Keyword(s):  
Rural Areas ◽  
Positive Impact ◽  
Capital Expenditure ◽  
Occupational Status ◽  
Positive Association ◽  
T Test ◽  
Primary Data ◽  
Metropolitan City ◽  
The Impact ◽  
Status Of Women

This study attempts to examine the impact of micro finance intervention on the livelihood status of the women households. With the purpose of measuring the impact of micro-finance, 60 non-intervened and the rest 60 intervened respondents having minimum five years attachment with Chhimek Laghubitta Bittiya Sanstha Limited established in the rural area of Pokhara Metropolitan City and nearby VDCs has been selected. Primary data were collected by a semi-structured questionnaire, and both qualitative and quantitative data were used to assess the impact of micro-finance intervention. The study is based on the interventional research design and used randomized control trial approach. Respondents were selected through stratified random sampling. The collected data were analyzed by using parametric (t-test) and non-parametric (Chi-square test) test. The findings of the research show that micro-finance intervention has positive impact on income level, consumption expenses, capital expenditure and savings. The research also shows that micro-finance intervention has positive association with occupational status and micro enterprise creation. One sample t-test on respondent’s rating indicates that micro finance has reached to the remote areas, enhances financial inclusion, facilitates to poverty reduction and ultimately increases the livelihood status of women of rural areas of Pokhara Metropolitan City and nearby VDCs.

scholarly journals Impact of Socio-Economic Development on Sustainable Business Development Among Small and Medium Scale Businesses in Nigeria

2021 ◽  
Vol 7 (2) ◽  
pp. 46-55
Author(s):  
Kingsley Nwagu
Keyword(s):  
Economic Development ◽  
Positive Impact ◽  
Business Development ◽  
Sustainable Business ◽  
Medium Scale ◽  
Access To Health ◽  
Indicator Variables ◽  
Socio Economic Development ◽  
Development Indicator ◽  
The Impact

This study is undertaken to investigate the impact of socio-economic development on sustainable business development among small and medium scale business in Nigeria. The significance of socio-economic development in achieving sustainable business development among small and medium scale business, especially in a developing country like Nigeria, cannot be over-emphasized. This study employed a survey research design as data were elicited from the respondents who agreed to fill out the questionnaires. In this study, several socio-economic development indicator variables such as Self-reliance in Development, Policy Delivery Mechanism, and Access to Health Facilities were employed among others. The findings elicited from this study revealed that socio-economic development recorded a positive impact on sustainable business development among small and medium scale business in Nigeria.

scholarly journals Community Development Programs For Socio-Economic Development In Pakistan

2017 ◽  
Vol 6 (1) ◽  
pp. 131-148
Author(s):  
Siraj Bashir ◽  
Nasreen Aslam Shah
Keyword(s):  
Economic Development ◽  
Community Development ◽  
Development Program ◽  
Pilot Project ◽  
Living Standard ◽  
Development Programs ◽  
Government Organizations ◽  
Non Governmental Organizations ◽  
Socio Economic Development ◽  
The Impact

Community development program is defined as the set of programs and policies designed to improve the socio-economic condition and also use the existing resources in better way. It is an organized process where member’s efforts of a community can be joined with the collaboration of government departments and non-governmental organizations to improve and evolve community socially, economically and culturally. In Pakistan, the first community development program was introduced in 1951 with the establishment of pilot project in Karachi, by the federal government. Since 1951 till today various community development programs have been implemented by government and non-government organizations (NGOs) to improve the living standard of people. The purpose of the study was to evaluate the impact and contribution of community development programs for socio-economic development in Pakistan. The research study endeavored to analyze the social and economical impacts of these programs on the communities where the programs were implemented. The study included interviews with government officials, NGOs staff and beneficiaries in the field. The findings of study shows that programs in general have positive impacts and appreciated but a lot of work are needed to be done for the welfare of whole society. The recommendations were made as to the best practices of community development programs for policy makers and NGOs to improve the living standard of people in the country.

scholarly journals The impact of investment projects in the local economic development in post-conflict countries

2017 ◽  
Vol 6 (5) ◽  
pp. 41-54
Author(s):  
Albana Zhinipotoku ◽  
Bujar Pira
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Local Economic Development ◽  
Positive Impact ◽  
New Products ◽  
Investment Project ◽  
Primary Data ◽  
Official Document ◽  
Post Conflict ◽  
The Impact

This study will contribute towards the evaluation of the effects of the investment project "Supporting production businesses", in Shtime, as part of the local economic development strategy. For the study were used primary data (Interview) and secondary data (official document and relevant reports) based on identified indicators, as: 1)Type of support (value of money, number of donation, surface offered on m2, location, number of training offered); 2) number of businesses, number new job created, number of taxpayers, number of new investment and 3) number of new products, new market, new technology, increase in turnover / profit, or changes in business organization. As a result of the support provided, these enterprises continue to develop their business successfully. The project has had a positive impact on local economic development in the municipality of Shtime, contributing to employment growth, increasing the number of taxpayers as well as improving the business structure in favour of processing enterprises. Furthermore, as a result of this project, these enterprises have recorded an increase in turnover and profit, as well as expanding their market with new products. This research shows the impact of the public investment in local economic development in particular with the small production companies.

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