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Research Article Open access CC BY 4.0

Assessing the Effectiveness of Microfinance Initiatives in Alleviating Poverty in Rangpur Division, Bangladesh

Mst. Nishrat Zaman, Md. Nazmus Sakib

Asian Journal of Economics, Business and Accounting · pp. 229–240 · Published 25 Sep 2023

10.9734/ajeba/2023/v23i201107

Abstract

This study explores how microfinance initiatives have reduced poverty, particularly in Bangladesh's Rangpur division. This study aims to find the microfinance initiatives' effectiveness in alleviating poverty in the Rangpur Region of Bangladesh. A survey-based exploratory approach, the study is grounded on the primary data collected from 120 respondents who have obtained Microcredit from different non-governmental organizations (NGOs). The study used several statistical tools to investigate the findings using IBM SPSS (V-23). The study observed the demographic traits, attitudes towards microcredit programs, and their effects on asset ownership, income, housing, education, and health. The results provide significant information for regulators and development professionals to construct new, more focused interventions to reduce poverty in Bangladesh.

Microfinance poverty reduction Bangladesh Rangpur division Non-governmental organizations (NGOs)

References (6)

  1. 1 Women's Studies International Forum
  2. 2 Sustainable development goal disclosures: Do they support responsible consumption and production? [DOI]
  3. 3 Financing micro-entrepreneurs for poverty alleviation: a performance analysis of microfinance services offered by BRAC, ASA, and Proshika from Bangladesh [DOI]
  4. 4 How health shocks and its relationship to repayments of loans from microfinance institutions can affect migrant households in Bangladesh [DOI]
  5. 5 Examining The Social Impact of Microfinance on Poverty Reduction [DOI]
  6. 6 Journal of International Development [DOI]

Cited by 2

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