International Development Planning Review

Can micro-credit improve the livelihoods of the poor and disadvantaged?: Empirical observations from Bangladesh

International Development Planning Review (2008), 30, (2), 155–175.

Abstract

Over the last three decades, micro-credit has gained prominence worldwide in reducing poverty on a global scale. As an efficient socio-economic financial mechanism, micro-credit enables various actors, both governmental and non-governmental, to realise their targets, among them the Millennium Development Goals. Based on research on micro-finance in central Bangladesh, this article examines and analyses the role of micro-finance institutions in promoting rural livelihoods in the country. The study reflects on recent arguments against micro-credit and shows that, despite some criticisms, micro-finance is making significant contributions to improving the livelihoods of disadvantaged rural communities.

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Author details

Hossain, Farhad

Knight, Tonya