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Impact of microfinance on poverty: qualitative analysis for Grameen Bank borrowers

Poverty is economic, social, political and even moral issue all over the world. Microfinance has been designed to eliminate poverty and may help marginal people to materialize their dreams. Microfinance has been formalized primarily in Bangladesh with this concept. Grameen Bank (GB) has been serving...

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Main Authors: Mohammad, Aslam, Kumar, Senthil, Sorooshian, Shahryar
Format: Article
Language:English
Published: Sciedu Press 2019
Subjects:
HG Finance
Online Access:http://umpir.ump.edu.my/id/eprint/26159/1/16476-57654-1-SM.pdf
http://umpir.ump.edu.my/id/eprint/26159/
https://doi.org/10.5430/ijfr.v11n1p49
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spelling my.ump.umpir.261592019-11-27T03:20:15Z http://umpir.ump.edu.my/id/eprint/26159/ Impact of microfinance on poverty: qualitative analysis for Grameen Bank borrowers Mohammad, Aslam Kumar, Senthil Sorooshian, Shahryar HG Finance Poverty is economic, social, political and even moral issue all over the world. Microfinance has been designed to eliminate poverty and may help marginal people to materialize their dreams. Microfinance has been formalized primarily in Bangladesh with this concept. Grameen Bank (GB) has been serving large number of people below poverty level here. Initially, microfinance institutions have been supported by the Government or Donor assuming its positive impact on borrowers. However, ambiguous impacts have been reported in several studies that make microfinance questionable. Therefore, this study intent to measure the impact of microfinance on GB borrowers through the process of qualitative changes in borrowers lives. The process has been measured by some case studies for participant and non participant borrowers using Modified Household Economic Portfolio Model (M HEPM). Our qualitative analysis shows that microfinance makes positive changes in the process of borrowers lives observed through financial and activity diaries of the borrowers. Sciedu Press 2019-10-17 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/26159/1/16476-57654-1-SM.pdf Mohammad, Aslam and Kumar, Senthil and Sorooshian, Shahryar (2019) Impact of microfinance on poverty: qualitative analysis for Grameen Bank borrowers. International Journal of Financial Research, 11 (1). pp. 49-59. ISSN 1923-4023 (print); 1923-4031 (online) https://doi.org/10.5430/ijfr.v11n1p49 10.5430/ijfr.v11n1p49
institution Universiti Malaysia Pahang
building UMP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang
content_source UMP Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Mohammad, Aslam
Kumar, Senthil
Sorooshian, Shahryar
Impact of microfinance on poverty: qualitative analysis for Grameen Bank borrowers
description Poverty is economic, social, political and even moral issue all over the world. Microfinance has been designed to eliminate poverty and may help marginal people to materialize their dreams. Microfinance has been formalized primarily in Bangladesh with this concept. Grameen Bank (GB) has been serving large number of people below poverty level here. Initially, microfinance institutions have been supported by the Government or Donor assuming its positive impact on borrowers. However, ambiguous impacts have been reported in several studies that make microfinance questionable. Therefore, this study intent to measure the impact of microfinance on GB borrowers through the process of qualitative changes in borrowers lives. The process has been measured by some case studies for participant and non participant borrowers using Modified Household Economic Portfolio Model (M HEPM). Our qualitative analysis shows that microfinance makes positive changes in the process of borrowers lives observed through financial and activity diaries of the borrowers.
format Article
author Mohammad, Aslam
Kumar, Senthil
Sorooshian, Shahryar
author_facet Mohammad, Aslam
Kumar, Senthil
Sorooshian, Shahryar
author_sort Mohammad, Aslam
title Impact of microfinance on poverty: qualitative analysis for Grameen Bank borrowers
title_short Impact of microfinance on poverty: qualitative analysis for Grameen Bank borrowers
title_full Impact of microfinance on poverty: qualitative analysis for Grameen Bank borrowers
title_fullStr Impact of microfinance on poverty: qualitative analysis for Grameen Bank borrowers
title_full_unstemmed Impact of microfinance on poverty: qualitative analysis for Grameen Bank borrowers
title_sort impact of microfinance on poverty: qualitative analysis for grameen bank borrowers
publisher Sciedu Press
publishDate 2019
url http://umpir.ump.edu.my/id/eprint/26159/1/16476-57654-1-SM.pdf
http://umpir.ump.edu.my/id/eprint/26159/
https://doi.org/10.5430/ijfr.v11n1p49
_version_ 1651866950721077248
score 13.211869

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