Reassessing Grameen Bank's micro credit programme for poverty alleviation in bangladesh : a new perspective

Wadud, IKM Mokhtarul and Herath, Gamini 2005, Reassessing Grameen Bank's micro credit programme for poverty alleviation in bangladesh : a new perspective, in COE/JEPA Joint International Conference : The 4th International Conference of the Japan Economic Policy Association, Program, abstracts and full papers (excluding COE plenary and special sessions) and program : Towards a new economic paradigm, declining population growth, labor market transition and economic development under globalization, JEPA/21st Century COE Program, Kobe, Japan, pp. 1-13.

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Title Reassessing Grameen Bank's micro credit programme for poverty alleviation in bangladesh : a new perspective
Author(s) Wadud, IKM Mokhtarul
Herath, Gamini
Conference name COE/JEPA Joint International Conference (4th : 2005 : Kobe, Japan)
Conference location Kobe, Japan
Conference dates 17-18 December, 2005
Title of proceedings COE/JEPA Joint International Conference : The 4th International Conference of the Japan Economic Policy Association, Program, abstracts and full papers (excluding COE plenary and special sessions) and program : Towards a new economic paradigm, declining population growth, labor market transition and economic development under globalization
Editor(s) Maruya, Reishi
Publication date 2005
Conference series Japan Economic Policy Association and the 21st Century COE Programme of Kobe University Joint International Conference
Start page 1
End page 13
Publisher JEPA/21st Century COE Program
Place of publication Kobe, Japan
Summary Rural finance has been a mltior policy in alleviating poverty in developing countries. Of specific interest are the micro credit programmes that target the poorest segment of the population. Despite some successes in particular settings, the efficacy of micro credit programmes has been a mltior concern in recent years. This paper evaluates the success of the Grameen Bank, the premier micro credit provider in rural areas in Bangladesh in the context of contemporary development philosophies. Only a few studies have evaluated the performance of the Grameen Bank from a poverty alleviation perspective. Many have evaluated the efficiency of the Grameen Bank's micro credit programmes using attributes such as the repayment rate. In this paper, we add a new dimension to the literature by arguing that if poverty alleviation is the ultimate objective, then the bank's micro credit programme should be assessed from the borrowers' perspective. Rural credit should be conceptualised not as just an input to production but as a mechanism for rural transformation. Our analysis reveals that while Grameen Bank is an efficient provider of micro credit in rural Bangladesh, its programmes fall short of achieving poverty alleviation for a multitude of borrowers and reshaping the process is hence a critical imperative.
Language eng
Field of Research 140202 Economic Development and Growth
HERDC Research category E1 Full written paper - refereed
ERA Research output type E Conference publication
Persistent URL http://hdl.handle.net/10536/DRO/DU:30005856

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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