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Asian Journal of Research in Business Economics and Management
Year : 2013, Volume : 3, Issue : 11
First page : ( 149) Last page : ( 172)
Online ISSN : 2249-7307.

Effectiveness of Microcredit Program on the Poor Women: A Comparative Study of Grameen Bank, BRAC and ASA in South Western Region of Bangladesh

Yeasmin Mst. Farhana*, Ahmed Shuheli Shaila**

*Lecturer, Department of GED, Northern University, Bangladesh, India

**Assistant Professor, Department of Humanities, Khulna University of Engineering & Technology (KUET), Khulna, Bangladesh, India

Online published on 7 November, 2013.

Abstract

Microcredit in Bangladesh has developed a successful model of reaching credit to resource poor households that are generally bypassed by government financial institutions. The study is mainly conducted on effectiveness of the microcredit program on the poor women in South Western Region of Bangladesh. It is mainly conducted on among the Grameen Bank, BRAC and ASA in Bangladesh. The study is exploratory in nature. It includes the survey, observations, and general overview of microcredit in Bangladesh. The study is related to find out the features of major three microcredit programs (Grameen Bank, BRAC and ASA).It is also related to explore the reasons of receiving microcredit, interest rate, getting benefits from the loan, improvements of socioeconomic status of the respondents, conditions of taking loans and respondents opinion about microcredit program. This paper includes some recommendations for the improvement of microcredit programs in Bangladesh.

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