An Advancement to the Grameen Bank Model

2021 ◽  
pp. 235-251
Author(s):  
Khushboo Deepakkumar Bhatt ◽  
Manali Pinank Vin
Keyword(s):  
Financial Service ◽  
Financial Inclusion ◽  
Key Factors ◽  
Comprehensive Understanding ◽  
Grameen Bank ◽  
Rural Entrepreneurship ◽  
The Poor ◽  
Poor Women ◽  
Prior Literature ◽  
The Needy

This chapter proposes the concept of the Grameen Bank initiated by Muhammad Yunus as a prototype for promoting rural entrepreneurship within the under-developed rural community governed by the digital portal. There are many factors that were considered important for the shift from microfinance to financial inclusion when proposing the model. One of the key factors is what is happening with data in general and our ability through digitization to have a more comprehensive understanding of the needs of the poor community. The Grameen model is considered as an advanced empathetic financial service that is appropriate for the needy poor women located in rural locations. By analyzing prior literature on Grameen model, in this chapter, an advancement to the existing Grameen model is proposed.

Mobile Financial Services

2020 ◽  
pp. 96-119
Author(s):  
Alexander Maina Kimari ◽  
Eric Blanco Niyitunga
Keyword(s):  
Financial Services ◽  
Developing World ◽  
Service Providers ◽  
Customer Experience ◽  
Financial Service ◽  
Financial Inclusion ◽  
The Poor ◽  
Financial Exclusion ◽  
Mobile Financial Services

The chapter explores financial exclusion, its causes, and consequences in society. The chapter found that the existing discrepancy in financial inclusion between the developed and developing world is driven by financial exclusion that makes it difficult for financial service providers to expand outreach to the poor at affordable prices. The chapter aims to investigate the role of mobile financial service design and development in dealing with financial exclusion. It was found that mobile financial services are promoting financial inclusion in various markets. However, few studies have been undertaken on the benefits of mobile financial services in dealing with the high rates of financial exclusion. The chapter recommended that to achieve financial inclusion, there is need for mobile financial services providers to take into account customer experience through the ease of using the phone interface. The chapter concluded that there is need for scholars in the fields of finance and economics to conduct research in the areas of mobile financial services and their role in society.

scholarly journals Penggunaan Dana Zakat dalam pembangunan Takaful Mikro:Satu Sorotan Literatur

2019 ◽  
pp. 73-91
Author(s):  
Nik Abdul Rahim Nik Abdul Ghani ◽  
Ihsan Ilahi Mohd Sabri ◽  
Salmy Edawati Yaacob ◽  
Nurul Ilyana Muhd Adnan ◽  
Ahmad Dahlan Salleh ◽  
...  
Keyword(s):  
Content Analysis ◽  
Qualitative Study ◽  
Financial Institutions ◽  
Distribution System ◽  
Financial Assistance ◽  
Financial Inclusion ◽  
Poor People ◽  
The Poor ◽  
The Needy ◽  
Efficient Distribution

Micro takaful is a manifestation of financial inclusion in a country. The purpose of micro takaful is to support the financial needs of the poor and unfortunate group, in which most of them are known as the B40 segment. The majority of them are considered the asnaf (reciepients) of zakat. They are the groups most susceptible to financial shocks in the event of accident, illness or death . However, they typically do not have sufficient income to purchase takaful. Insufficient contribution could thus impede the development of micro takaful. One of the proposed solutions is to utilise the zakat funds to help the asnaf group especially the needy and poor people. Additionally, the yearly increment of the zakat fund requires a more efficient distribution system. Amongst the proposed mechanisms is to utilise the fund to develop a microtakaful model. This paper analyses previous studies on micro takaful model in the takaful industry and its need for the use of zakat fund. The article also examines some issues and challenges in utilising zakat fund for the development of micro takaful. This research is a qualitative study using content analysis approcah. The findings suggest that there are several financial assistance schemes for poor people provided by the governement or financial institutions. However,, very few micro takaful schemes are currently being offered . Thus, a study on using zakat to develope micro takaful schemes should Abstrak Takaful mikro ialah manifestasi amalan rangkuman kewangan (financial inclusion) dalam sesebuah negara. Tujuan takaful mikro ialah untuk menyokong keperluan kewangan golongan miskin dan tidak bernasib baik, yang sebahagian besar mereka juga dikenali sebagai B40. Kebanyakan mereka terdiri daripada asnaf zakat. Mereka ialah kumpulan masyarakat yang akan menghadapi masalah kejutan kewangan apabila berlaku kemalangan, sakit atau kematian. Walaubagaimanapun, golongan ini tidak mempunyai pendapatan yang cukup untuk mencarum sumbangan dalam takaful. Dana sumbangan yang tidak signifikan juga boleh membantut pembangunan takaful mikro. Antara solusi cadangan ialah melalui penggunaan dana zakat bagi membantu golongan asnaf khususnya fakir dan miskin. Di samping itu, peningkatan kutipan zakat setiap tahun dapat dipadankan dengan kaedah agihan yang lebih efisien.  Salah satu mekanisme agihan yang dicadang ialah melalui kaedah pembinaan takaful mikro berasaskan dana zakat. Kertas ini menganalisis beberapa kajian lepas yang telah dijalankan berkaitan pembangunan model takaful mikro dalam industri takaful dan keperluannya kepada dana zakat. Kertas ini turut menjelaskan beberapa isu dan cabaran berkaitan penggunaan dana zakat bagi pembangunan takaful mikro. Kajian ini adalah kualitatif dengan menggunakan pendekatan analisis kandungan. Hasil mendapati beberapa skim bantuan kewangan kepada golongan miskin disediakan sama ada oleh kerajaan atau institusi kewangan. Namun tidak banyak skim takaful mikro ditawarkan buat masa sekarang. Justeru, satu kajian penggunaan zakat untuk membangunkan takaful mikro wajar perlu dijalankan dalam kajian lanjutan.

The Impact of Microcredit on the Poor in Bangladesh

2005 ◽  
Vol 30 (2) ◽  
pp. 165-189 ◽  
Author(s):  
Patrick Develtere ◽  
An Huybrechts
Keyword(s):  
Social Impact ◽  
Economic Impacts ◽  
Economic Life ◽  
Grameen Bank ◽  
The Poor ◽  
The Social ◽  
Poor Women ◽  
The Impact

This article presents a comparative overview of the most relevant findings from studies of the impact of microcredit institutions like the Grameen Bank and BRAC in Bangladesh. It first evaluates the evidence on economic impacts, which suggests that the vulnerability of bank members has been reduced even if there is no consensus about whether the two institutions also reduce poverty. It then considers the social impact, especially in relation to the situation of poor women and to various spill-over effects in different spheres of social and economic life.

scholarly journals PEMBERDAYAAN PEREMPUAN MISKIN PADA USAHA KECIL DI PERDESAAN MELALUI LAYANAN LEMBAGA KEUANGAN MIKRO

Populasi ◽  
2016 ◽  
Vol 18 (1) ◽  
Author(s):  
Amelia Maika ◽  
Eddy Kiswanto
Keyword(s):  
Family Welfare ◽  
Fast Process ◽  
Grameen Bank ◽  
The Poor ◽  
Poor Women

This paper will be discussing the service of microfinance agency which had influenced the welfare of poor women who became its clients. The research for this paper took place in Kecamatan Bayat, Klaten, which has been the location of a growing microfinance agency, Mitra Usaha Mandiri (MUM). With the help from this microfinance agency, the poor women were expected to be able to improve their family welfare and gain more income. The easy procedure to apply and its fast process were the keys success of this microfinance agency. The form of this microfinance agency was Grameen Bank model. This model has shown a significant result in many countries. Grameen Bank model put women as their clients because giving credit to women has minor risk compared to men.

scholarly journals Implementasi Pembiayaan Manindo Grameen Syariah dengan Akad Murabahah pada Koperasi Mitra Manindo Cabang Panyabungan

2021 ◽  
Vol 6 (1) ◽  
pp. 15
Author(s):  
Jureid Jureid
Keyword(s):  
Data Collection ◽  
Descriptive Analysis ◽  
Qualitative Approach ◽  
Objective Data ◽  
Grameen Bank ◽  
The Poor ◽  
Poor Women ◽  
Bank System ◽  
Business Financing

Manindo Grameen Syariah (MGS) product is a non collateral financing product for Koperasi Mitra Manindo customers. It is a solution for the poor in obtaining business financing. Koperasi Mitra Manindo adopts the Grameen Bank system and combine it  with a murabahah agreement to make it easier for poor women to obtain Startup Capital. This study used a qualitative approach with descriptive analysis by describing the actual information obtained from the respondents. Data collection techniques are through documentation, observation and interview with interviewess in order to produce in-depth and objective data. The results of this study conclude that in implementing Murabahah financing, Koperasi Mitra Manindo does not provide goods as Murabahah objects but provides money without using the wakalah contract as a complement to the contract. In this case,  Koperasi  uses a mudharabah financing scheme with a murabahah contract but it still causes damage to the contract due to the absence of object objects. Manindo Grameen Syariah financing with a murabahah contract carried out by the Manindo Mitra Cooperative is not in accordance with the murabahah principle, particularly about the object of goods (mabi '), Koperasi Mitra Manindo is supposed to act as a seller does not have goods to be traded but only provides money as business capital for its members.

scholarly journals IMPORTANCE OF SELF HELP GROUP (SHG) IN WOMEN EMPOWERMENT: A CASE STUDY ON MORIGAON DISTRICT

2020 ◽  
Vol 2 (9) ◽  
pp. 14-21
Author(s):  
Julkarnain Ahmed
Keyword(s):  
Secondary Data ◽  
Women Empowerment ◽  
Employment Opportunities ◽  
Self Help ◽  
The Poor ◽  
Poor Women ◽  
Women In India ◽  
The Needy ◽  
Self Help Group

The growth of microfinance has been tremendous in recent years. In this regard SHG has been playing very eye catching role in mobilizing resources, empowering women, so and so forth. The SHG movement in India has been working in proper direction in reducing poverty and creating employment opportunities as well. Numbers of women in India firmly believe in SHG movement and hold it responsible for improving their livelihood. However women are still yet to empowered according to the requirement or demand. The present study is an systemetic attempt to analyse the impotance of SHG’s in promoting women empowerment in Morigaon district. Lahorighat and Mayong block have been selected for the investigation. Broader objective of the present study is to examine the operating system of SHGs for mobilization of savings, credit delivery machanism to the needy, opinion building among SHG members regarding decision making and enhancement of power or autonomy. For the purpose of study boath primary and secondary data have been collected. The study focus on the role and importance of SHGs in empowering women, Social interrelatedness and Socio-economic betterment of the poor women for their unification.

Mobile Financial Services

2021 ◽  
pp. 212-230
Author(s):  
Alexander Maina Kimari ◽  
Eric Blanco Niyitunga
Keyword(s):  
Financial Services ◽  
Developing World ◽  
Service Providers ◽  
Customer Experience ◽  
Financial Service ◽  
Financial Inclusion ◽  
The Poor ◽  
Financial Exclusion ◽  
Mobile Financial Services

The chapter explores financial exclusion, its causes, and consequences in society. The chapter found that the existing discrepancy in financial inclusion between the developed and developing world is driven by financial exclusion that makes it difficult for financial service providers to expand outreach to the poor at affordable prices. The chapter aims to investigate the role of mobile financial service design and development in dealing with financial exclusion. It was found that mobile financial services are promoting financial inclusion in various markets. However, few studies have been undertaken on the benefits of mobile financial services in dealing with the high rates of financial exclusion. The chapter recommended that to achieve financial inclusion, there is need for mobile financial services providers to take into account customer experience through the ease of using the phone interface. The chapter concluded that there is need for scholars in the fields of finance and economics to conduct research in the areas of mobile financial services and their role in society.

Women Welfare Measures Implemented During DMK Regime

Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 772-779
Author(s):  
T.Vinsela Jeev
Keyword(s):  
Police Department ◽  
Small Scale ◽  
Economic Activities ◽  
The Poor ◽  
Small Scale Industry ◽  
Poor Women ◽  
The Government ◽  
Physically Challenged ◽  
Self Help Groups ◽  
School Books

During the DMK regime many welfare schemes for implemented for women especially. This schemes for developments for socio and economic activities for women. The poor women, widows, physically challenged were benefited their schemes. The government allotted lot of sewing machines, Free school books, Midday meal schemes, Small scale Industry, Self help groups, Boating supply for fisher mans and many women teachers were appointed in Elementary school, Middle school, High schools. Women’s were appointed in police Department and also so many schemes for the development of socio and economic condition of the poor women people.

Livelihood Promotion: Can the Collectives of NRLM Really Do It?

2021 ◽  
pp. 097300522110008
Author(s):  
H. S. Shylendra
Keyword(s):  
Poverty Alleviation ◽  
Integrated Approach ◽  
Development Programme ◽  
Professional Support ◽  
Role Clarity ◽  
The Poor ◽  
Rural Livelihood ◽  
Poor Women ◽  
Policy Suggestions ◽  
New Generation

As a new generation development programme, the National Rural Livelihood Mission (NRLM) has sought to promote collectives of the poor women as the corner-stone of its strategy for livelihood promotion. The livelihood enhancement is meant to be actualised through a multi-dimensional strategy of livelihood protection and promotion. The paper hypothesised that despite their avowed goal, the collectives of women are bound to face enormous challenges in the livelihood promotion in the absence of an integrated approach more so in the context of neoliberalism. The findings of the paper corroborate the hypothesis to a great extent. Contrary to the theoretical visualisation of institutionalists, collectives of poor have faced challenges in their self-reliant emergence. The intervention has emerged more as a minimalist microfinance with inherent limitations regarding poverty alleviation. The paper concludes that the collectives of NRLM have a long way to go before they can emerge as strong livelihood promoting agencies. Sustained support to build the capacities of the fledging collectives, a reversal of the top–down elements of their multi-tier structure and the strong need for greater role clarity for the collectives along with professional support are some of the policy suggestions.

The Market at the Bottom of the Pyramid: Understanding the Culture of Poverty

2013 ◽  
Vol 12 (4) ◽  
pp. 489-513 ◽  
Author(s):  
Fauzia Erfan Ahmed
Keyword(s):  
Private Sector ◽  
Bottom Of The Pyramid ◽  
Grameen Bank ◽  
Culture Of Poverty ◽  
The Poor ◽  
Segmentation Approach

Abstract As never before, the private sector can make a difference at the bottom of the pyramid (BOP). But little is known about who the poor really are, the environment in which they live, and how to create value for them. This also means that little is known about how to establish a business at the BOP that meets both development and profit goals. This article presents a segmentation approach embedded in a larger theory of the culture of poverty to help businesses focus on serving the BOP. I focus on examples from my research on the Grameen Bank in Bangladesh and Patrimonio Hoy in Mexico to show examples of applications of segmentation theory to businesses at the BOP.

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