There are about three billion people, half of the world's population, living on the income of less than two dollars a day. Among these poor communities, one child in five does not live to see his or her fifth birthday. To enhance international development, the United Nations Organization UNO announced the millennium development goals, aimed to eradicate poverty by In this regard, microcredit is the form of financial development that has its primary aim to alleviate the poverty. Governments, donors and NGOs around the world responded enthusiastically with plans and promised to work together towards the realization of these goals. In the recognition of microcredit, the UNO celebrated the year as a year of micro-credit, as a result this financing instrument is perceived worldwide as a very effective mean against hunger and poverty, mainly in developing countries.
Microcredit and Women's Outward Mobility in Rural Bangladesh: A Study of the Grameen Bank
Microcredit - Free Finance Essay - Essay UK
Proponents of the microenterprise movement report that microcredit institutions such as the Grameen Bank do in fact improve the lives of women both within families and in the broader society through increased incomes. Muhammad Yunus, founder of the Grameen Bank, states that women as microloan recipients have lessened their dependence on husbands, and have also increased their mobility outside the home. Much of this research focuses on married women since power relationships within marriages and families are a main concern. Findings suggest that despite the opportunities provided by microlending, unintended and less desirable outcomes have at times reinforced and legitimized patriarchal dynamics structures that are unfavorable to women. Consequently, while loans have the potential to give women leverage in the family, that influence also may be challenged and even lead to violent retribution against them. You do not have access to any existing collections.
Free Finance essays
My kind mother and my father who devotedly sacrificed their all assets to bring me to the position and they through their love, affection, close care, moral and financial Support, left no stone unturned to afford me sincere help at all critical occasions of life. I would thank my supervisor Mr. Zia ud din for his help and patience through out my report. I also wish to express thanks to the staff of the bank of Khyber and special thanks to Mr. And also thankful to staff of the Bank of Khyber, state life branch especially department.