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Poverty Alleviation and Conventional MFIs - Challenges and Prospects (Paperback)
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Poverty Alleviation and Conventional MFIs - Challenges and Prospects (Paperback)
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This book presents a rigorous empirical study of various aspects of
poverty alleviation in rural Bangladesh. The themes include the
trend and structure of rural poverty and the role of microfinance
in alleviating rural poverty through participation of the rural
poor in NGOs and microfinance institutions (MFIs). It also includes
different challenges of participation of rural poor women in
NGO-MFIs. In probing those issues, this book employs a different
approach of investigation. In comparison with other poverty
studies, this book can claim a number of distinct features. First,
this book probes the participation behavior of rural poor women who
face different socioeconomic, cultural and psycho-attitudinal
challenges to participate in NGO-MFIs which ultimately prevented
the attainment of the prime objective of poverty alleviation in
Bangladesh. In analyzing those issues, this book uses a social
psychological theory named the theory of planned behavior (TPB) as
a theoretical model upon which the research framework was grounded
upon. Second, unlike other studies which are based on relatively
small and unrepresentative samples, this book is based on a
nationally representative large-scale survey. Third, even though it
employs a cross-sectional survey, the study explored in this book
attempts to infuse an element of dynamics by employing information
on both current and initial condition of resources of households
being defined as the resource-base a household had inherited at the
time it was formed. This type of data-set helped analyze the
dynamics of resource adequacy of the participants in NGO-MFIs which
yielded key insights into the challenges of poverty alleviation.
Fourth, a concern with the possible influence of microfinance in
the economy runs as an intrinsic theme throughout the book. In
addition to devoting a long chapter of emergence of NGO-MFIs in
Bangladesh, the author analyzes the role of microfinance in its
specific contexts in each subsequent chapter, for example, in
shaping the trends in poverty, inequality, resource accumulation
and in influencing participation of the rural poor in NGO-MFIs and
in affecting the ability of the rural poor to be free from poverty
and to cope with environmental shocks. Some remarks on possible
prospects or recommendations are provided at the end of the book.
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