The Effects of Microcredit on The Empowerment of Women in Northern Region of Bangladesh
Author (s)
Md. Rakibul Islam Rubel, Md. Mozahidul Haque, & Mohammad Earfan Ali Khondaker
Abstract
The study investigated the effects of microcredit on the empowerment of women in the Northern region of Bangladesh. The leading NGOs namely ASA, BRAC, GRAMEEN BANK, PROSHIKA, SKS and TMSS were targeted for data collection in the three selected districts viz., Gaibandha, Rangpur and Dinajpur in the Northern region of Bangladesh. A total of 247 women (Microcredit borrowers) were selected randomly from the selected districts as the sample of the study. The findings of the study showed that microcredit reduces economic problems of the women and helps to enhance economic empowerment. And also after taking loan or involving with microcredit their family income, expenditure and savings increased significantly. Positive and significant empowerment effects were found for the indicators: intra-HH decision, mobility, and own & child healthcare. It is seen that after taking loan or involving with microcredit decision-making power have changed for the women in all the dimensions used in this study and more importantly the women view such changes rather positively. If interest rates are kept low, payments are collected in a reasonable amount of time, and support in terms of education and advice are granted to borrowers, microcredit can continue to positively impact and empower women in Bangladesh and abroad. It is hoped that the findings of this study would prove to be useful for Government departments, NGO’s, Agencies and Researchers who wish to do further research in the areas mentioned above and may be helpful to the policy makers and planners in formulating plans for national development.
Key words: Microcredit, Effects of Microcredit, Economic Empowerment of Women, Empowerment of Women, Decision-making power, Mobility of women, Bangladesh.
| Title: | The Effects of Microcredit on The Empowerment of Women in Northern Region of Bangladesh |
|---|---|
| Author: | Md. Rakibul Islam Rubel, Md. Mozahidul Haque, & Mohammad Earfan Ali Khondaker |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.5281/zenodo.3550854 |
| Media: | Online and print |
| Volume: | 3 |
| Issue: | 6 |
| Acceptance Date: | 16/11/2019 |
| Date of Publication: | 22/11/2019 |
| PDF URL: | https://ijsab.com/wp-content/uploads/428.pdf |
| Free download: | Available |
| Page: | 191-202 |
| First Page: | 191 |
| Last Page: | 202 |
| Paper Type: | Research Paper |
| Current Status: | Published |
Cite This Article:
Md. Rakibul Islam Rubel, Md. Mozahidul Haque, & Mohammad Earfan Ali Khondaker (2019). The Effects of Microcredit on The Empowerment of Women in Northern Region of Bangladesh. International Journal of Science and Business, 3(6), 191-202. doi: https://doi.org/10.5281/zenodo.3550854
Retrieved from https://ijsab.com/wp-content/uploads/428.pdf
About Author (s)
Md. Rakibul Islam Rubel, M.S., Department of Statistics, Hajee Mohammad Danesh Science and Technology University, Dinajpur-5200, Bangladesh.
Md. Mozahidul Haque, (Corresponding author), M.S., Department of Statistics, Hajee Mohammad Danesh Science and Technology University, Dinajpur-5200, Bangladesh.
Dr. Mohammad Earfan Ali Khondaker, Associate Professor, Department of Statistics, Faculty of Science, Hajee Mohammad Danesh Science and Technology University, Dinajpur-5200, Bangladesh.
DOI: https://doi.org/10.5281/zenodo.3550854