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History of microfinance in Bangladesh: A life cycle theory approach

Author

Listed:
  • Md Aslam Mia
  • Hwok-Aun Lee
  • VGR Chandran
  • Rajah Rasiah
  • Mahfuzur Rahman

Abstract

This study aims to conceptualise and document the historical evolution of microfinance in Bangladesh using the life cycle theory (LCT). Based on the LCT nomenclature, the microfinance sector in Bangladesh shows characteristics broadly consistent with the saturation phase (2006–2015) – which potentially has adverse impacts on both microfinance clients and institutions. The maturity phase (1996–2005) of microfinance has corresponded with competition and several innovations (financial and non-financial). However, the saturation phase sees increasing presence of uncoordinated microfinance institutions and expansion of multiple borrowing, as well as commercialisation and ‘mission drift’, which constitute important challenges for the regulatory authority and management of microfinance institutions.

Suggested Citation

  • Md Aslam Mia & Hwok-Aun Lee & VGR Chandran & Rajah Rasiah & Mahfuzur Rahman, 2019. "History of microfinance in Bangladesh: A life cycle theory approach," Business History, Taylor & Francis Journals, vol. 61(4), pages 703-733, May.
    • Handle: RePEc:taf:bushst:v:61:y:2019:i:4:p:703-733
    DOI: 10.1080/00076791.2017.1413096
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    Cited by:

    1. Zhian Zhiow Augustinne Wong & Ramez Abubakr Badeeb & Abey P. Philip, 2023. "Financial Inclusion, Poverty, and Income Inequality in ASEAN Countries: Does Financial Innovation Matter?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 471-503, September.
    2. Md Aslam Mia & Hasanul Banna & Abu Hanifa Md Noman & Md Rabiul Alam & Md. Sohel Rana, 2022. "Factors affecting borrowers’ turnover in microfinance institutions: A panel evidence," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(1), pages 55-84, March.
    3. Francis Lwesya & Adam Beni Swebe Mwakalobo, 2023. "Frontiers in microfinance research for small and medium enterprises (SMEs) and microfinance institutions (MFIs): a bibliometric analysis," Future Business Journal, Springer, vol. 9(1), pages 1-18, December.
    4. Amani Gration Tegambwage & Pendo Shukrani Kasoga, 2022. "Loan repayment among group borrowers in Tanzania: the role of relationship quality," Future Business Journal, Springer, vol. 8(1), pages 1-11, December.
    5. Md Aslam Mia, 2024. "Loyalty of rural microfinance borrowers: International evidence," Bulletin of Economic Research, Wiley Blackwell, vol. 76(1), pages 67-94, January.
    6. Md. Ali Rasel & Sandar Win, 2020. "Microfinance governance: a systematic review and future research directions," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 47(7), pages 1811-1847, April.
    7. Serrano-Cinca, Carlos & Cuellar-Fernández, Beatriz & Fuertes-Callén, Yolanda, 2023. "Pathways to self-sufficiency in the microfinance ecosystem," The Quarterly Review of Economics and Finance, Elsevier, vol. 92(C), pages 262-273.

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