Impact of Microcredit Program of BRAC on Poverty Alleviation: A Case Study of Jhenaidah District in Bangladesh

Md. Arif Billah

Authors

Md. Arif Billah

Keywords:

poverty, microcredit, poverty alleviation

Abstract

This main purpose of this study is to examine the role of conventional microcredit for poverty alleviation. Bangladesh Government and Non-Government Organizations (NGOs) have been trying to alleviate poverty of its people. NGOs provide microcredit to poor people to enhance their income and improve the living levels. The study reveals that microcredit programs have generated positive results for large numbers of the poor. Micro-credit has significant impacts on income, savings and expenditure levels of the household. The poor are not homogeneous, so impact varies significantly among different segments of the population according to their socio-economic status, gender, background, family composition and others. The analysis shows that in general, the microcredit is an instrument that can help to accumulate savings and income and finally assist to alleviate poverty. But still it is not only the instrument that can alleviate poverty but it is the vital component that can help to the poor people for standard living levels. Our analysis shows that after taking loan there is a significant change in the respondents' income savings and expenditures.

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Impact of Microcredit Program of BRAC on Poverty Alleviation: A Case Study of Jhenaidah District in Bangladesh. (2020). Global Journal of Human-Social Science, 20(E1), 37-44. https://socialscienceresearch.org/index.php/GJHSS/article/view/3079

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