Abstract
To evaluate the competing claims on the impact of microfinance programs on multidimensional poverty, a village study in Bangladesh was conducted where three microfinance programs had been operating for more than five years. The study found that microfinance has resulted in a moderate reduction in the poverty of borrowers, as measured by a variety of socio-economic indicators, but has not reached many of the poorest in the village. To make microfinance a more effective means of poverty reduction other services such as skills training, technological support, education and health related strategies should be included with microfinance.
Original language | English |
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Pages (from-to) | 670-683 |
Number of pages | 14 |
Journal | Journal of Asian and African Studies |
Volume | 45 |
Issue number | 6 |
DOIs | |
Publication status | Published - Dec 2010 |
Keywords
- Asia
- Bangladesh
- microcredit
- microfinance
- poverty
- well-being