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Title: Microfinance, poverty alleviation & women entrepreneurs in the Bangladeshi community : rhetoric and realities
Author: Naser, Muhammad Abu
ISNI:       0000 0004 7426 8157
Awarding Body: De Montfort University
Current Institution: De Montfort University
Date of Award: 2018
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The subject of this study developed from a personal interest in the financial crisis of developing countries. The study develops, extends and contributes to the existing knowledge about microfinance in general and Bangladesh in particular, and raises ethical considerations for the industry. The objective of this thesis is to critically investigate and evaluate the realities of micro lending in Bangladesh. In particular it appraises the costs and benefits from the perspective of a) the user b) the lender and c) the government. The thesis also sheds some light on UK based Bangladeshi small-scale entrepreneurs and their microfinance-based ventures. This investigation utilises quantitative and qualitative data collection methods, including focus groups, semistructured interviews and questionnaires. Since the 1970s microfinance has developed into a mainstream approach to poverty alleviation in the developing world. It has developed its credentials in the academic field, has been utilised as strategy by banks and has been given the backing of world institutions like the IMF and the World Bank. The approach has become widespread as an acceptable approach and set of tools to address the issue of poverty amongst the poor. However, this thesis argues that despite the rhetoric and hype surrounding microfinance as a novel system of lending to alleviate poverty and enhance opportunity for the poor, it fails to meet its objectives. The research finds that the reality of micro credit, contrary to its stated purposes, was to lock small-scale entrepreneurs into greater debt. Furthermore, the field research found that women were the primary recipients and users of microfinance. The thesis does not take issue with the theoretical models and normative objectives of micro finance which are, arguably, necessary, desirable and possible. This research concludes, however, that the reality and practice is not only at odds with theory but is contrary to the normative objectives of the rhetoric of microfinance. For instance, while people in extreme poverty in Bangladesh can gain access to microfinance to deal with emergency situations, it does not necessarily advance entrepreneurial activity.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available