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Microfinance, gender issue, and poverty reduction in Bangladesh

   

Added on  2020-01-23

26 Pages9512 Words147 Views

Table of ContentsIntroduction.....................................................................................................................................................................3Research Aim.............................................................................................................................................................3Research objectives....................................................................................................................................................3Rationale of the study.................................................................................................................................................4Contribution of the study............................................................................................................................................6Literature Review............................................................................................................................................................6Understanding the concept of Microfinance and poverty reduction..........................................................................7Women empowerment through microfinance in Bangladesh..................................................................................10Microfinance, gender issue, and poverty reduction.................................................................................................11Summary..................................................................................................................................................................14Methodology.................................................................................................................................................................14Research philosophy and research approach............................................................................................................14Research strategy......................................................................................................................................................15Research method, data collection, and data analysis techniques and tools..............................................................15Ethical Consideration...............................................................................................................................................17Gantt chart................................................................................................................................................................17REFERENCES..............................................................................................................................................................21

Impact of Microfinance on Poverty Alleviation: A comparative Analysis of Male andFemale Beneficiariesin Bangladesh.IntroductionThe application of the microfinance tools, including microcredit, micro saving,entrepreneurial guidance is a kind of trend nowadays. Microfinance is widely applied on thebelief that it could help to poor people who otherwise have no way to overcome their difficultiesassociated with poverty and lack of opportunities. Specially, within developing countriesincluding Bangladesh, microfinance programs are heavily in operation with a view to empowerpoor people. Apart from the availability of microfinance facilities and effectiveness of thosefacilities, women have been much of recipient of these facilities (Isahaque et al. 2015). Thisresearch study intends to comparatively analyse the effectiveness of microfinance in reducingpoverty in men and women in the Bangladeshi context. Research AimThis research study aims are to identify the impact of Microfinance on PovertyAlleviation: A comparative Analysis of Male and Female Beneficiaries in Bangladesh.Research objectivesTo understand the different impacts of microfinance and possible consequences ofprioritizing women over men for microfinance services under the objective of reducingpoverty in the householdTo identify the factors that constrains access and to analyse different results of previousstudies in reducing poverty through offering microfinance to women and menTo comparatively analyse the success of microfinance in reducing the poverty ofhouseholds in Bangladesh when women and men are the recipient of loan

To suggest recommendations to policy makers so that the rate of poverty in Bangladeshcan be reduced.Rationale of the studyThe concept of microfinance was emerged in Bangladesh as a way of helping the poor tostand on their feet until they establish a strong foundation in the sense of access to financial andrelated services. The Grameen Bank brought the concept into practical application in Bangladeshas per the guidance of Muhammad Yunus in 1970s. However, the microfinance concept could betraced to back to 1800s, Grameen Banks’s initiatives led to the modern developments of theconcept and related applications. With the unique and extraordinary characteristics of thefinancing concept and the relevance of the applicability in the Bangladeshi context, themicrofinance services were started to expand over the country and over the world as well(Khandker, 1999). The contribution of the microfinance in alleviating the poverty wasemphasized from its initial work plan. The interest rates are high but it is easy for the individualsto pay back when it is returned in installments (Roodman, 2011).On the other hand, it becomesdifficult for the individuals to pay back the amount when it has to be returned altogether. Then,it could be reasonably expected that this financing system was well-established within theBangladesh due to the poor economic conditions prevailed in the country as a whole and thedeteriorated living conditions of the individuals. But, the concept was not limited to Bangladeshor other developing countries such as Pakistan, Vietnam, etc. Also, the system was effectivelyapplied in many of the developed countries such as the UK and the USA (Bruton and Khavul,2011). The microfinance could be identified as a broad set of financial services including creditfacilities, savings, insurance, advisory, entrepreneurship guidance, etc. However, the microcreditcould be recognized as the most prominent aspect of the microfinance. The other many of therelated aspects under microfinance services are cantered by the microcredit facilities. Moreimportantly, in the case of alleviation or eradicating the poverty, the microcredit facilities areimmense of helpful as it provides the required capital to small entrepreneurs who wouldotherwise be in difficult find them (Kabeer, 2005). Usually, the microcredit facilities that centred the microfinance services would be provided toindividuals who are from the poor families. The application for the microfinance facilities would

come from the men or women of those respective families. Recent, research studies and the fieldwork reports reveal, that it could be seen a considerable difference in providing these servicesbetween men and women of those families. Specifically, the women were highly dependent onthe men in their families before microfinance based women empowerment programs come intoplay in the Bangladeshi context. As per the Microcredit Summit Campaign report (Daley, 2011),seven microfinance facility packages out of ten were offered to the women. The men were theparty who feed the family and essentially the family was centered by the men. But, when itcomes to the provision of the microfinance services to the families, the probability of offering thefacilities to the women is considerably higher (Isahaque et al. 2015). This research would investigate the matter of how far the microfinance has been able toovercome the poverty issue in men and women in Bangladesh. However, the study wouldcarefully address the research gap regarding the comparative approach in reducing the povertythrough providing the microfinance facilities to the men and women. It is evident that themicrofinance facilities from the beginning and incrementally have been provided centring thewomen (Nilanjana. 2013). Also, most of the researches and field studies show what reasons havecaused for being effective the provision of facilities to the women. However, it outstandinglyseems there is a considerable gap of a comparative approach to investigate the matter how thesetwo approaches differ (Paromita, 2009). When the literature is studied, it could be found hundreds of very insightful researches on theability of the microfinance facilities in overcoming the issues of poverty and encouraging theentrepreneurial efforts of the poor (Twyeafur andKhan, 2012). In the same way, the empiricalevidence for confirming the considerable success in providing the facilities to the women couldbe found (Sundaresan, 2008). Nevertheless, the lack of a comparative approach in confirmingthis phenomenon, specifically in the Bangladeshi context imposes a considerable question whatwould be the other case. Then, this research study would bring the discussion to the surface,while addressing the how women and men comparatively utilize the microfinance facilities toovercome their poverty. On the other side, it refers to the same point how microfinance would beeffective in the reduction of poverty in the Bangladeshi context, but from a considerable andrarely touched angle.

Besides, the study is not only aimed at the classical theme of the role of the microfinance inalleviating the poverty. But, at the same time, it would address what have been and what wouldbe the best option, on the ground level, to provide the microfinance facilities in the Bangladeshicontext. Mohshin and Christine, (2008); Ryan, (2011); Kathryn et al. (2004) stated that manyreasons for the alleviating poverty through providing microfinance facilities to women includingthe less mobility of women, easy to access for supervision and guidance, economicallyutilization of resources and so on. On the other hand, Beatriz and Nigel (2008) argues with theobjective of the empowerment of the women, a social and family system imbalance could beoccurred as they called ‘the women-disempowering effect’ which is counterproductive to as theycalled ‘women-empowerment effect’. Hence, this research study would be trying to fill animportant gap in the field of the role of the microfinance in reducing the poverty in theBangladeshi context. Also, the study would be highly useful for the financial institutions whoproved the microfinance services, policy makers, service beneficiaries, many other social entitiesas the microfinance has become a very important aspect of much of the community.Contribution of the studyThe study will contribute to the theoretical background related to the microfinance and thepoverty reduction between men and women. Further study on impact of microfiance on men isdiscussed. Further, discussuon is considered on impact of microfiance on women Along withthis, factors that constrains access to and the use of microfinance by male and femaleentrepreneurs is also included (Beatriz, and Nigel, 2008). Moreover, literature is examined it canbe hardly find empirical evidence with read to the role of the microfinance in reducing thepoverty on a comparative basis between men women. Hence, it can be fairly expected that thestudy will address a gap in the theoretical understanding that various parties including futureresearchers, policy makers, microfinance institutions and practitioners, students, etc. will befound useful. The present research is conducted in order to find out why micro-credit is givenmore to women as compare to man . Contribution to study is to identify the importance andconcept of microfilament for people in Bangladesh who are suffering from poverty.

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