International Journal of Social Science & Economic Research
Submit Paper

Title:
MICROFINANCING AND ALLEVIATION OF POVERTY: A SOLUTION TO PRESSING ISSUES OF EMERGING MARKET ECONOMIES

Authors:
Avikam Kanodia

|| ||

Avikam Kanodia
Pathways World School Aravali

MLA 8
Kanodia, Avikam. "MICROFINANCING AND ALLEVIATION OF POVERTY: A SOLUTION TO PRESSING ISSUES OF EMERGING MARKET ECONOMIES." Int. j. of Social Science and Economic Research, vol. 7, no. 9, Sept. 2022, pp. 2902-2913, doi.org/10.46609/IJSSER.2022.v07i09.010. Accessed Sept. 2022.
APA 6
Kanodia, A. (2022, September). MICROFINANCING AND ALLEVIATION OF POVERTY: A SOLUTION TO PRESSING ISSUES OF EMERGING MARKET ECONOMIES. Int. j. of Social Science and Economic Research, 7(9), 2902-2913. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i09.010
Chicago
Kanodia, Avikam. "MICROFINANCING AND ALLEVIATION OF POVERTY: A SOLUTION TO PRESSING ISSUES OF EMERGING MARKET ECONOMIES." Int. j. of Social Science and Economic Research 7, no. 9 (September 2022), 2902-2913. Accessed September, 2022. https://doi.org/10.46609/IJSSER.2022.v07i09.010.

References

[1]. Amul. (n.d.). About Us - The Amul Model :: Amul - The Taste of India.
[2]. https://amul.com/m/about-us
[3]. Ashraf, M. A. (2014). Evidence on the Impact of MFIs on Income of the Rural Poor in Bangladesh. Developing Country Studies,4(5),35–42.
[4]. https://iiste.org/Journals/index.php/DCS/article/view/11383
[5]. Bhuiya, M. M. M. B., Khanam, R. K., Rahman, M. M. R., & Nghiem, H. S. N. (in press). Microcredit Participation and Impact on Socio-Economic Wellbeing of Rural Households: Empirical Evidence from Bangladesh. Development in Practice.
[6]. Bhuiya, M. M. M., Khanam, R., & Rahman, M. M. (2016). Microfinance Operations in Bangladesh- An Overview. Journal of Applied Business and Economics Vol. 18(3) 2016, 18(3), 52–62.
[7]. Bhuiya, M. M. M., Khanam, R., Rahman, M. M., & Nghiem, H. S. (2016). Impact of microfinance on household income and consumption in Bangladesh: Empirical evidence from a quasi-experimental survey. The Journal of Developing Areas, 50(3), 305–318. https://doi.org/10.1353/jda.2016.0111
[8]. Charitonenko, S., & Rahman, S. M. (2002, September). Commercialization of Microfinance: Bangladesh. Asian Development Bank. http://hdl.handle.net/11540/3017
[9]. Dwivedi, R. (2010). Amul : A Cooperative with a Brand. Prabandhan-IIMS Journal of Management,2,60–69. https://www.researchgate.net/publication/279923559_Amul_A_Cooperative_with_a_Brad
[10]. Ghate, P. (2007). Indian Microfinance: The Challenges of Rapid Growth (First ed.). SAGE Publications Pvt. Ltd.
[11]. Grameen Bank. (n.d.). Breaking the vicious cycle of poverty through microcredit – Grameen Bank. https://grameenbank.org/breaking-the-cycle-of-proverty/
[12]. Imai, K. S., & Azam, M. S. (2012). Does Microfinance Reduce Poverty in Bangladesh? New Evidence from Household Panel Data. Journal of Development Studies, 48(5), 633–653. https://doi.org/10.1080/00220388.2012.661853
[13]. Karmakar, K. G. (2000). Rural Credit and Self-Help Groups: Micro-finance Needs and Concepts in India (First ed.). SAGE Publications Pvt. Ltd.
[14]. Mallick, D. (2012). Microfinance and Moneylender Interest Rate: Evidence from Bangladesh.
[15]. World Development, 40(6), 1181–1189. https://doi.org/10.1016/j.worlddev.2011.12.011
[16]. Morduch, J. (2022). Economics of Microfinance (2nd ed.). Prentice Hall of India. Roodman, D., & Morduch, J. (2013). The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2231535
[17]. R. Righter, “Bangladesh’s famous financer uses microcredit to bring wealth to the underprivileged of many nations,” Times(London), Oct 31st 1998
[18]. Strøm, R. Ø., & Mersland, R. (Eds.). (2014). Microfinance Institutions: Financial and Social Performance [E-book]. Palgrave Macmillan.
[19]. Wright, G. W., Sahoo, S. S., & Chowdhury, A. M. C. (2021, August 11). Bangladesh – The Basket Case That Taught Microfinance to The World. Microsave. https://www.microsave.net/2021/08/05/bangladesh-the-basket-case-that-taught-microfinance-to-the-world/
[20]. Yunus, M. (2003). Banker to the Poor: The Story of the Grameen Bank (New edition). Aurum.

ABSTRACT:
This paper has looked into the benefits of microfinancing as well as cooperatives, with special reference to India, and has concluded that by and large such institutions have filled the gap that has been left vacant by macro- finance institutions. They have been a great asset to society and especially to women. The sense of being master of your own business has enabled the upliftment of several citizens above the poverty line. Though the success of microfinancing was first seen in Bangladesh, it has been copied in many emerging market economies with success. There have been negative issues like indebtedness leading to suicide which have arisen in the process. Addressing them would help in strengthening this avenue of empowering both men and women.

IJSSER is Member of