The Scaling-up of Microfinance in Bangladesh

Determinants, Impact, and Lessons

Author: Hassan Zaman

Publisher: World Bank Publications

ISBN: N.A

Category: Microfinance

Page: 22

View: 5032

"The microfinance industry in Bangladesh currently provides access to credit to around 13 million poor households. Zaman describes the factors that led to the scaling-up of micro-credit in Bangladesh, the impact this has had on the poor, future challenges in Bangladesh, and possible lessons for other countries. The consensus in the literature is that micro-credit plays a significant role in reducing household vulnerability to a number of risks and that it contributes to improving social indicators. The author argues that strategic donor investments in a handful of well-managed institutions that offer a simple, easily replicable financial product could lead to large gains in access to finance for the poor. However, this approach could sacrifice other objectives of financial sector development, such as product and institutional diversity, which could be promoted after the initial expansion has taken place. Governments can also have a crucial role in promoting access to microfinance by ensuring macroeconomic stability, enforcing a simple regulatory structure, and developing communications networks that reduce transaction costs. Another lesson is that while visionary leadership cannot simply be franchised, the internal management systems that led to the scaling-up can be replicated in other settings"--Abstract.

Ending Poverty in South Asia

Ideas that Work

Author: Deepa Narayan-Parker,Elena E. Glinskaya

Publisher: World Bank Publications

ISBN: 082136877X

Category: Business & Economics

Page: 400

View: 9795

Ending Poverty in South Asia: Ideas that Work is one of the few books on empowerment that combines a conceptual framework with a practical framework and distills the key lessons without suggesting magic bullets. Written by program champions themselves the

The Theory and Practice of Microcredit

Author: Wahiduddin Mahmud,S. R. Osmani

Publisher: Taylor & Francis

ISBN: 1315413167

Category: Business & Economics

Page: 286

View: 7524

The remarkable speed at which microcredit has expanded around the world in the last three decades has piqued the curiosity of practitioners and theorists alike. By developing innovative ways of making credit available to the poor, the idea of microcredit has challenged many traditional assumptions about both poverty reduction strategies and financial markets. While this has encouraged new theorising about how microcredit works, the practice of microcredit has itself evolved, often in unpredictable ways, outpacing the development of theory. The Theory and Practice of Microcredit aims to remedy this imbalance, arguing that a proper understanding of the evolution of practice is essential both for developing theories that are relevant for the real world and for adopting policies that can better realize the full potential of microcredit. By drawing upon their first-hand knowledge of the nature of this evolution in Bangladesh, the birthplace of microcredit, the authors have pushed the frontiers of current knowledge through a rich blend of theoretical and empirical analysis. The book breaks new grounds on a wide range of topics including: the habit-forming nature of credit repayment; the institutional strength and community-based? role of microfinance institutions; the relationships between microcredit and informal credit markets; the pattern of long-term participation in microcredit programmes and the variety of loan use; the scaling up of microenterprises beyond subsistence; the "missing middle" in the credit market; and the prospects of linking micro-entrepreneurship with economic development. The book will be of interest to researchers, development practitioners and university students of Development Economics, Rural Development, or Rural Finance, as well as to public intellectuals.

Increasing Access to Rural Finance in Bangladesh

The Forgotten "missing Middle"

Author: Aurora Ferrari

Publisher: World Bank Publications

ISBN: 082137334X

Category: Political Science

Page: 137

View: 7735

Since the mid-1990s, Bangladesh's banking sector has grown considerably. Despite the boom and the government's efforts to increase access in rural areas, rural financial markets have shrunk in relative terms. As a result, access to finance by micro, small, and medium-size enterprises and marginal, small, and medium-size farmers - the "missing middle" - remains limited, which is significant because these groups are the engines of growth in rural Bangladesh in terms of employment, contribution to GDP, and prospects for future growth.

Whither South East Asian Management?

The First Decade of the New Millennium

Author: Chris Rowley,Malcolm Warner

Publisher: Routledge

ISBN: 1317988256

Category: Business & Economics

Page: 283

View: 8170

This book examines the directions in which various structures and processes of management and business are moving in South East Asia, covering Indonesia, Malaysia, Thailand and Vietnam. It aims to update previous works in the field covering management and business in these countries. It goes on to deal with a wide variety of themes and issues, functional and practice areas, sectors and organisational types. Many key sectors are also covered, such as finance, retailing, telecoms, etc. The types or organisations covered range from multinational companies to state-owned enterprises. The contributors cover current and ongoing developments of these themes, particularly in the context of globalization. The book also addresses the future directions management may be moving in this important part of the international economy. The authors are all experts in their fields and are all based in universities and business schools in the region, within the respective countries involved. The work is aimed at undergraduate and postgraduate students in business administration especially those on MBA programmes, development economics, management studies and related fields, as well as lecturers in those subjects and researchers in the field. This book was published as a special issue of Asia Pacific Business Review.

Improving Access to Finance for India's Rural Poor

Author: Priya Basu

Publisher: World Bank Publications

ISBN: 0821361473

Category: Business & Economics

Page: 119

View: 7671

Annotation This book examines the current level and pattern of access to finance for India's rural households, evaluates various approaches for delivering financial services, analyzes what lies behind the lack of adequate financial access, and identifies what it would take to improve access to finance.

Small Loans, Big Dreams

How Nobel Prize Winner Muhammad Yunus and Microfinance are Changing the World

Author: Alex Counts

Publisher: Wiley

ISBN: N.A

Category: Business & Economics

Page: 410

View: 7028

Microfinancing is considered one of the most effective strategies in the fight against global poverty. And now, in Small Loans, Big Changes, author Alex Counts reveals how Nobel Prize Winner Muhammad Yunus revolutionized global antipoverty efforts through the development of this approach. This book presents compelling stories of women benefiting from Yunus’s microcredit in rural Bangladesh and urban Chicago, and recounts the experiences of different borrowers in each country, interspersing them with stories of Yunus, his colleagues, and their counterparts in Chicago.

Sustainability of Indian Microfinance Institutions

A Mixed Methods Approach

Author: Nadiya Marakkath

Publisher: Springer Science & Business Media

ISBN: 8132216296

Category: Business & Economics

Page: 166

View: 9868

Although 'doing good' is our innate nature, we often get lost in the complexities and view goodness as a distant dream. Making this dream of goodness a reality is often thwarted by thoughts surrounding sustainability. Thus, all good initiatives require a focus on sustainability and this has become one of greatest and most formidable challenges faced by any social enterprise. The book documents the understanding of the sustainability of one of the most celebrated forms of social enterprise of our times — Microfinance Institutions (MFIs) gained through a mixed-methods research investigation. It attempts to answer pertinent questions such as: What are the determinant and discriminating factors for the sustainability of MFIs in India? How are these factors being managed by the operationally efficient Indian MFIs that remained sustainable at reasonable interest rates before the onset of the crisis and ceilings imposition in Indian microfinance markets? What does the Indian microfinance crisis teach us about sustainability management and mismanagement? In a nutshell, the answers show that sustainability is a strategic issue that needs managerial attention and not a matter to be left to serendipity. At a time when the industry is recovering from the adverse effects of a crisis and when there are still contentions as to whether the rate fixed by the regulator is enough for the sustenance of the MFIs, the findings mentioned in the book revive the lost hope for the Indian microfinance industry. By deciphering the strategies used by efficient and sustainable MFIs and discussing the lessons that the crisis has imparted to the Indian microfinance markets, this book will enable Indian MFIs to march towards efficient and sustainable operations without losing focus on their clients.

Transforming Bangladesh into a middle income economy

Author: Sadiq Ahmed

Publisher: MacMillan India Ltd.

ISBN: N.A

Category: Business & Economics

Page: 498

View: 4277

Over the past 33 years, rising from the ruins of a war-devastated economy in 1972, Bangladesh has increased its per capita income four-fold, cut poverty by more than half, and is well set to achieve most of the millennium development goals. What factors have helped Bangladesh achieve this remarkable progress with development, thereby confounding the prophets of doom who had dismissed the country as a basket case at the early stage of its independence? What will it take for Bangladesh to consolidate the past gains and strive to reach middle-income status in the next 20 years? This book reveals this story, drawing on the work of a large number of researchers mostly from the World Bank. The book argues that the past gains were secured on the basis of good policies reflected in a stable macroeconomic environment, a gradual but steady improvement in private sector incentives reflected in greater trade and investment openness, and supportive human development policies including a general

The International Bank of Bob

Connecting Our Worlds One $25 Kiva Loan at a Time

Author: Bob Harris

Publisher: Bloomsbury Publishing USA

ISBN: 0802778348

Category: Biography & Autobiography

Page: 304

View: 1701

Hired by ForbesTraveler.com to review some of the most luxurious accommodations on Earth, and then inspired by a chance encounter in Dubai with the impoverished workers whose backbreaking jobs create such opulence, Bob Harris had an epiphany: He would turn his own good fortune into an effort to make lives like theirs better. Bob found his way to Kiva.org, the leading portal through which individuals make microloans all over the world: for as little as $25-50, businesses are financed and people are uplifted. Astonishingly, the repayment rate was nearly 99%, so he re-loaned the money to others over and over again. ?After making hundreds of microloans online, Bob wanted to see the results first-hand, and in The International Bank of Bob he travels from Peru and Bosnia to Rwanda and Cambodia, introducing us to some of the most inspiring and enterprising people we've ever met, while illuminating day-to-day life-political and emotional-in much of the world that Americans never see. Told with humor and compassion, The International Bank of Bob brings the world to our doorstep, and makes clear that each of us can, actually, make it better.

The Universal Social Safety-Net and the Attack on World Poverty

Pressing Need, Manageable Cost, Practical Possibilities, Favourable Spillovers

Author: Anthony Clunies-Ross,Mozammel Huq

Publisher: Routledge

ISBN: 1134659148

Category: Business & Economics

Page: 202

View: 2281

The book is concerned with strategy and tactics for directing that small slice of world income into filling the gap. This must be done country by country, on the initiative of each country’s government: with the maximum involvement of its own civil society, and with the rich world also making a contribution. To add momentum, the international community needs to adopt targets far more specific than the fifty percent extreme ‘poverty reduction’ of the first Millennium Development Goal.

Exploring local perceptions of climate change impact and adaptation in rural Bangladesh

Author: Davis, Peter,Ali, Snigdha

Publisher: Intl Food Policy Res Inst

ISBN: N.A

Category: Social Science

Page: 28

View: 3969

This paper reports on findings from 30 focus group discussions and 30 key informant interviews conducted in 12 districts of Bangladesh in May 2012. The discussions and interviews draw attention to perceptions of climate change and how climate-related trends influence people’s lives, both directly and indirectly. The findings also identify how people adapt to and cope with these changes. This paper aims to improve our understanding of local people’s perceptions of these changes, explore the ways they are affected by them, and how well they are adapting to them. In order for policymakers to plan responses to climate change in Bangladesh, it is essential to understand how people understand and cope with these trends.

Microfinance impact and the MDGs

the challenge of scaling-up

Author: Martin Greeley,University of Sussex. Institute of Development Studies,Centre for the Future State

Publisher: N.A

ISBN: N.A

Category: Microfinance

Page: 16

View: 653

This paper concerns the potential for microfinance to make a difference in achievement of the Millennium Development Goals. It recognises that microfinance can contribute to several MDGs but that to do so in ways that make a real difference would involve a significant scaling-up of microfinance service provision. Herein lies the challenge. The expansion of developing country microfinance services is increasingly driven by commercial investors who do not usually assess Microfinance Institution (MFI) performance according to MDG criteria. At best, they will use some fairly loose 'social' criteria often borrowed from the corporate social responsibility literature; or they may refer, usually without precision, to a double bottom line of financial and social performance. These have little or nothing to do with achievement of the MDGs. As the empirical material presented makes clear, MFIs that do not deliberately and rigorously target poor households are unlikely to make any difference to MDG attainment. MFIs with a social mission focused on poverty reduction (MDG1) face a genuine difficulty. To expand coverage of poor households, they generally need to seek financial support, usually in the form of loans or equity. Their difficulty is that they face a serious risk of mission drift, concentrating on achieving an outstanding financial performance, which is necessary anyway and especially if they wish to access commercial funds, and neglecting their social mission. In other words, commercial funding may mean less attention to poor households in microfinance service delivery. The challenge for the industry is to manage scaling-up without losing sight of its social purposes. The paper argues for client-level assessment by MFIs that can both ensure that poor households are targeted and that microfinance impact on their poverty status can be monitored. Developing a social performance monitoring system based on client assessment is the principal way in which MFI impact on the MDGs can be established and maintained.

Microleasing - A means for scaling up microfinance?

Author: Steffen Kuhl

Publisher: GRIN Verlag

ISBN: 3638744515

Category: Business & Economics

Page: 81

View: 6909

Diploma Thesis from the year 2007 in the subject Business economics - Investment and Finance, grade: 1,5, University of Applied Sciences Bremen (School of International Business), 72 entries in the bibliography, language: English, abstract: Leasing as a means for scaling up microfinance is a relatively new and untapped topic. A lot of information about regular leasing in developed countries is available. In addition, some projects on leasing in developing countries have been successfully carried out. The International Finance Corporation (IFC), for example, successfully pioneered in entering the South Korean market and from there India, Pakistan, Turkey, and Russia. Surprisingly, information on leasing at the very micro-level of such economies is rare. In times of commercialization and product diversification among microfinance institutions, insurance and remittance services as well as savings products have gained much attention. Leasing still is underdeveloped in that respect. This paper aims at the analysis of leasing in microfinance institutions and its potential to increase and upgrade the institution itself as well as its customers. As there clearly is a shortage of research and data in that field, the author will present the most recent literature available, including the state of microfinance and leasing in developing countries. Due to the lack of academic and practical information, this paper can not contain a complete analysis of all aspects of microleasing. It rather discusses the main features of microleasing with respect to the success factors of microinsurance, microcredit, microsaving and other products already introduced in microfinance institutions. The author will highlight the major opportunities and threats to the microleasing business that are likely to be faced by its stakeholders. The distinctive features of more advanced countries on the one hand and less developed and informal economies on the other hand will be part of the paper, as well.

Ending Global Poverty

A Guide to What Works

Author: Stephen C. Smith

Publisher: St. Martin's Press

ISBN: 1466892323

Category: Business & Economics

Page: 288

View: 8347

Over 800 million people suffer from chronic hunger, and over ten million children die each year from preventable causes. These may seem like overwhelming statistics, but as Stephen Smith shows in this call to arms, global poverty is something that we can and should solve within our lifetimes. Ending Global Poverty explores the various traps that keep people mired in poverty, traps like poor nutrition, illiteracy, lack of access to health care, and others and presents eight keys to escaping these traps. Smith gives readers the tools they need to help people overcome poverty and to determine what approaches are most effective in fighting it. For example, celebrities in commercials who encourage viewers to "adopt" a poor child really seem to care, but will sending money to these organizations do the most good? Smith explains how to make an informed decision. Grass-roots programs and organizations are helping people gain the capabilities they need to escape from poverty and this book highlights many of the most promising of these strategies in some of the poorest countries in the world, explaining what they do and what makes them effective.

More Pathways Out of Poverty

Author: Sam Daley-Harris,Anna Awimbo

Publisher: N.A

ISBN: 9781565492295

Category: Business & Economics

Page: 187

View: 5708

* Follow up to the case studies presented in 2002’s Pathways out of Poverty * Companion book to the 2006 Global Microcredit Summit More Pathways Out of Poverty explores new practices in microfinance, some of them revolutionary, and draws on the success of the industry to illustrate the challenges involved in lifting clients out of poverty. Taken together, the contributions from leading microfinance leaders and institutions serve as a map for ensuring that microcredit contributes powerfully to cutting absolute poverty in half by 2015. For more information about the Global Microcredit Summit, visit: www.microcreditsummit.org