NGO in bangladesh

Topics: Poverty, Economics, Development Pages: 3 (300 words) Published: April 26, 2014
M
icrocredit in Bangladesh : Achievements and
Challenges
Dr. Salehuddin Ahmed
Managing Driector
Palli Karma
-
Sahayak Foundation (PKSF)
Bangladesh.
1. Introduction
In recent years, microcredit, in its wider
dimension known as microfinance,
has become a
much
f
avoured intervention for poverty alleviation in
the developing countries
and least
development countries. There is scarcely a poor
country and development
oriented donor
agency (multilateral, bilateral and private) not
involved in the promotion
(in one for
m or
other) of a microfinance program. Many
achievements are claimed about the
impact of
microfinance programs, and an outside
observer can not but wonder at the
range of diversity
of the benefits claimed.
Although Bangladesh has huge potential for
develop
ment, it is, for various socio
-
economic
reasons, among the poorest countries in the
world. About half of the
country's population live
below the poverty line with 80% in the rural
areas. The burden of poverty
falls
disproportionately on women, who constitu
te half of the total population. Logically,
therefore, poverty alleviation and creation of
rural employment are top
priorities in the
development agenda of the government of
Bangladesh (GOB) which has adopted
a broad
-
based approach to poverty alleviation,
emphasizing macroeconomic stability, economic
liberalization, and support for a number of
government agencies and non
-
government
organizations (NGOs). Substantial progress has
been made in implementing
the microcredit
program (MCP), and the scope for its e
fficient expansion is enormous.
Money begets money. Adam Smith said “Money,
says the proverb, makes money.
When you
have got a little, it is often easy to get more.
The great difficulty is to
get that little” (“The
Wealth of Nations” 1937, p. 93). It is ve
ry difficult for the poor to get small working
capital
from formal banking system for various
reasons. A collateral...
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