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Micro Credit in Bangladesh

In: Business and Management

Submitted By funwithsabbir
Words 5173
Pages 21
Report
On

Microcredit and Economic Development of Bangladesh

Submitted To:

Mahmood Hasan
Course Instructor
BUS 251
Section - 7
BBA Program
School of Business
North South University

Submitted By:

Page No. 1. Executive Summary 4 2. Introduction 5 3. Micro credit 6 4. Three C’s of microcredit 7 5. History 8 6. Micro credit delivery models 9 7. Clients of microcredit 12 8. Microcredit in economic development 13 9. Impact of microcredit on poor people 15 10. Economic condition of Bangladesh 17 11. Microcredit in Bangladesh 19 12. Challenges of microcredit 22 13. Conclusion 23 14. Reference 24 15. Appendices 25

The most important finding in the last two decades in the world of finance did not come from the world of the rich or the relatively well-off. More important than the hedge fund or the liquid-yield option note was the finding that the poor can save, can borrow (can indeed decide on loans to fellow poor), and will certainly repay loans. This is the world of microfinance.
The interest in microcredit or microfinance has burgeoned during the last two decades: multilateral lending agencies, bilateral donor agencies, developing and developed country governments, and non-government organizations (NGOs) all support the development of microcredit. A variety of private banking institutions has also joined this group in recent years. As a result, microcredit services have grown rapidly during the last decade, although from an initial low level, and have come to the forefront of development discussions concerning poverty reduction.
World over, microcredit has proved to be an important tool to reach the poorest people. It is the social mandate and the holistic development

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