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Begin New Search Political Geography Bangladesh Journal The Journal of Diplomacy and International Relations

1. Forward

Publication Date:
09-2008
Content Type:
Journal Article
Journal:
The Journal of Diplomacy and International Relations
Institution:
School of Diplomacy and International Relations, Seton Hall University
Abstract:
The field of microfinance has come a long way. It was not long ago that the idea of simply recovering the lion's share of the principal was a remarkable achievement when extending credit to the poor. Doubts persisted up until recent years whether microfinance could be scaled up in countries other than Bangladesh, Indonesia and Bolivia. The empirical case for microfinance as a robust approach to poverty reduction was long perceived to be flimsy. The beliefs that the poor and especially the poorest could save and that microfinance institutions (MFIs) could be good stewards of that savings and intermediate these resources were not widely held.
Political Geography:
Bangladesh, Indonesia, and Bolivia

2. Poverty and Microfinance: An Investigation into the Role of Microcredit in Reducing the Poverty Level of Borrowing Households in Bangladesh and the Philippines

Author:
M. Jahangir Alam Chowdhury
Publication Date:
09-2008
Content Type:
Journal Article
Journal:
The Journal of Diplomacy and International Relations
Institution:
School of Diplomacy and International Relations, Seton Hall University
Abstract:
It is often argued that the formal and informal financial sectors in developing countries have failed to serve the poorer section of the community. Collateral, credit rationing, a preference for high income clients and large loans, and lengthy bureaucratic procedures of providing loans keep poor people outside the boundary of the formal sector financial institutions in developing countries. On the other hand, the informal financial sector has also failed to help the poor. Monopolistic power, excessively high interest rates, and exploitation through the undervaluation of collateral have restricted the informal financial sector in providing credit to poor people for income generating and poverty alleviation purposes.
Topic:
Poverty
Political Geography:
Bangladesh and Philippines