Evaluation of Microfinance and Women Empowerment: Case Study on Grameen Bank in Northern Bangladesh
Evaluation of microfinance and women empowerment: Case study on Grameen Bank in Northern Bangladesh Chapter One: Overview
Where there is informal economy condition of developing countries, women face a comparative disadvantage. In the northern area of Bangladesh, economic conditions forced rural women to adopt microfinance (credit and savings) as one major strategy for self reliance.
Women go through relatively much more hardship than men in countries that are striving towards economic growth to compete with developed countries.
Microfinance has been a proven successful vehicle for self-reliance of women in the northern poverty-ridden country areas of Bangladesh, where women are almost forced to adopt to this particular financial strategy due to their poor economic conditions.
The principle of microfinance or microcredit is to provide bank and credit services to those otherwise are not eligible to get credit or finance because of their financial condition being way below the poverty level.
So, in the context of normal banking and financial world where people with such financial liability and risk may be considered burdensome some the total economy, the concept of microfinance is truly innovative for so-called third-world developing nations. In those economies, with almost no substantial source of income and lack of credit history, women are furthermore ineligible for credit or loan.
Therefore, women in countries like that fail to reach any financial strength due to their ineligibility to obtain modern banking or financial services. In this dark area of economy, Professor Dr. Mouhammad Yunus shed some light of hope by successfully implementing this truly innovative idea of microfinance.
Objectives:
* To measure the effects of microfinancial services on rural women. * By the way of analyzing the literature on microfinance and women empowerment. * To find out the beneficiaries and the benefits of microfinance. * To find out the
Where there is informal economy condition of developing countries, women face a comparative disadvantage. In the northern area of Bangladesh, economic conditions forced rural women to adopt microfinance (credit and savings) as one major strategy for self reliance.
Women go through relatively much more hardship than men in countries that are striving towards economic growth to compete with developed countries.
Microfinance has been a proven successful vehicle for self-reliance of women in the northern poverty-ridden country areas of Bangladesh, where women are almost forced to adopt to this particular financial strategy due to their poor economic conditions.
The principle of microfinance or microcredit is to provide bank and credit services to those otherwise are not eligible to get credit or finance because of their financial condition being way below the poverty level.
So, in the context of normal banking and financial world where people with such financial liability and risk may be considered burdensome some the total economy, the concept of microfinance is truly innovative for so-called third-world developing nations. In those economies, with almost no substantial source of income and lack of credit history, women are furthermore ineligible for credit or loan.
Therefore, women in countries like that fail to reach any financial strength due to their ineligibility to obtain modern banking or financial services. In this dark area of economy, Professor Dr. Mouhammad Yunus shed some light of hope by successfully implementing this truly innovative idea of microfinance.
Objectives:
* To measure the effects of microfinancial services on rural women. * By the way of analyzing the literature on microfinance and women empowerment. * To find out the beneficiaries and the benefits of microfinance. * To find out the
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