Online from: 2008
Subject Area: Accounting and Finance
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|Title:||Impact of microfinance of IBBL on the rural poor's livelihood in Bangladesh: an empirical study|
|Author(s):||M. Mizanur Rahman, (Islami Bank Training and Research Academy, Dhaka, Bangladesh), Fariduddin Ahmad, (Islami Bank Bangladesh Limited, Dhaka, Bangladesh)|
|Citation:||M. Mizanur Rahman, Fariduddin Ahmad, (2010) "Impact of microfinance of IBBL on the rural poor's livelihood in Bangladesh: an empirical study", International Journal of Islamic and Middle Eastern Finance and Management, Vol. 3 Iss: 2, pp.168 - 190|
|Keywords:||Bangladesh, Finance, Islam, Microeconomics, Poverty|
|Article type:||Research paper|
|DOI:||10.1108/17538391011054390 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Acknowledgements:||This paper has benefited from comments and suggestions of many people. The authors gratefully acknowledge Mr Abdur Raquib, Ex-EP, IBBL; Mr Md. Ismail Hossain, Ex-DG, Islami Bank Training and Research Academy (IBTRA); and Mr M. Jafrullah, DG, IBTRA for their valuable suggestions and guidance. The authors gratefully appreciate the suggestions of Dr Mushreef Hossain, Chief Scientific Officer, Bangladesh Rice Research Institute for editing the papers.|
Purpose – This paper describes a scheme which aims to alleviate rural poverty by providing small and microinvestment to the agricultural and rural sector for generating employment and to raise the income of the rural poor.
Design/methodology/approach – To assess the impact of rural development schemes on rural poor's livelihood, primary data were collected from 1,020 clients working across the country. Multistage random sampling method was followed to select the clients. Tabular, graphical, and econometrical methods were followed to analyze the data.
Findings – Results show that household income, productivity of crops and livestock, expenditure, and employment had increased significantly due to the influence of invested money. Results of the Logit-model showed that clients' socio-economic factors like age, number of family members in farming, total land size and clients' ethics and morals had a positive and significant influence on household income.
Practical implications – Client's opined that the microinvestment program had provided them with the opportunity to perform their economic activities in a more organized way, leading them to the higher quality of life and also develops their awareness towards health care, proper sanitation, and drinking safe water.
Originality/value – The paper recommends the replication of this program in other rural areas of the country with the increment of investment size, demand-led effective training on different income generating activities and monitoring on more
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