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Individual’s Perception in Microcredit: A Case Study in the Area of HSTU, Dinajpur, Bangladesh

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  • Shahnaz Parvin

    (Department of Finance and Banking, Hajee Mohammaad Danesh Science and Technology University, Dinajpur, Bangladesh.)

Abstract

The purpose of this study is to contribute to the literature by investigating the impact of microcredit programs on how individuals perceive microcredit and the facts about it.This study also investigates the efficiency of management policies of microcredit institutions in targeting the ‘real’ poor. Lastly, provide some insights on how to enhance these programs’ effectiveness in alleviating poverty. This study adds to the existing literature, which found that microcredit programs had a positive impact on participants’ income, expenditure, quality, quantity, and education. Furthermore, the findings show a significant relationship between microcredit and an increase in the recipient’s business profits and capital in countries such as Bangladesh. The researchers discovered, however, that providing microcredit was able to increase individuals’ feelings of empowerment and independence. Moreover, the targeting criteria of microcredit institutions are found to be very efficient in being able to reach the extreme poor. Finally, the study referred to common challenges in the microfinance business that, apparently, microfinance institutions in Bangladesh are facing.

Suggested Citation

  • Shahnaz Parvin, 2021. "Individual’s Perception in Microcredit: A Case Study in the Area of HSTU, Dinajpur, Bangladesh," International Journal of Science and Business, IJSAB International, vol. 5(8), pages 183-193.
    • Handle: RePEc:aif:journl:v:5:y:2021:i:8:p:183-193
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    References listed on IDEAS

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