Micro-Finanace in Bangladesh
Objectives of the study
The objective of this study is to identify the rural finance situation of Bangladesh. The organized rural finances condition. The prime organizations to offer rural finances throughout the country. The impediments to render rural finances.
Methodology of the study
In the entire study I collect secondary information and try to evaluate my reports based on that. I collected information from its originating point and also from evaluation corner.
Limitations of the study
Because of my personal limitation and time management I try to do maximum. There are some limitations regarding finding proper information that may help me more to do better. The data on rural finances are not available in organized manner. Many firms render rural finances through improper distribution channel and don’t maintain database.
Micro Finance
A type of banking service that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. Ultimately, the goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving money, borrowing money and insurance.
“Microcredit, or microfinance, is banking the unbankables, bringing credit, savings and other essential financial services within the reach of millions of people who are too poor to be served by regular banks, in most cases because they are unable to offer sufficient collateral. In general, banks are for people with money, not for people without.” Microcredit is based on the premise that the poor have skills which remain unutilized or underutilized. It is definitely not the lack of skills which make poor people poor….charity is not the answer to poverty. It only helps poverty to continue. It creates dependency and takes away the individual’s initiative to break through the wall of poverty. Unleashing of energy and creativity in each human being is
The objective of this study is to identify the rural finance situation of Bangladesh. The organized rural finances condition. The prime organizations to offer rural finances throughout the country. The impediments to render rural finances.
Methodology of the study
In the entire study I collect secondary information and try to evaluate my reports based on that. I collected information from its originating point and also from evaluation corner.
Limitations of the study
Because of my personal limitation and time management I try to do maximum. There are some limitations regarding finding proper information that may help me more to do better. The data on rural finances are not available in organized manner. Many firms render rural finances through improper distribution channel and don’t maintain database.
Micro Finance
A type of banking service that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. Ultimately, the goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving money, borrowing money and insurance.
“Microcredit, or microfinance, is banking the unbankables, bringing credit, savings and other essential financial services within the reach of millions of people who are too poor to be served by regular banks, in most cases because they are unable to offer sufficient collateral. In general, banks are for people with money, not for people without.” Microcredit is based on the premise that the poor have skills which remain unutilized or underutilized. It is definitely not the lack of skills which make poor people poor….charity is not the answer to poverty. It only helps poverty to continue. It creates dependency and takes away the individual’s initiative to break through the wall of poverty. Unleashing of energy and creativity in each human being is