Rafiqul Islam Molla's Books

Inside Story of Microcredit in Bangladesh: An Empirical Investigation of the Role and Productivity

By: Md. Mahmudul Alam ,Rafiqul Islam Molla

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Inside Story of Microcredit in Bangladesh: An Empirical Investigation of the Role and Productivity

By: Md. Mahmudul Alam ,Rafiqul Islam Molla

There is no denying the fact that microcredit (MC) has been playing an important role in the movement for poverty alleviation. But by the same breath it is also a hard fact that it has serious limitations in terms of its delivery system, rules of repayment, interest rate charges, etc. These limitations made it largely fail to realize its potential and expected goals. A credible study on the productivity of MC was required to determine its actual interest paying capability. In the absence of any established economic justification, based on productivity, this exorbitantly high interest rate is found morally untenable and has become the primary target of criticism for its minimal or marginal achievements. As a result, recently the government rightfully fixed 27% as the maximum interest rate chargeable for microcredit (with effect from July 2011). However, we need not undermine the importance and efforts of the microcredit movement, both as an economic as well as a social institution, for the betterment of the poor in the society. We need not be selfish and miser to give the movement its due credit. MC should not be summarily viewed as unuseful and unsuccessful. It has been making some contributions to the betterment of the poor and it should be given the appreciation it deserves. But like many other researchers we are troubled by the contradicting attitudes of the microcredit providers toward the borrowers. In one hand they are concerned and committed to pull the poor out of poverty, on the other hand they are so harsh in the timely payment of repayment installments putting a blind eye to the sufferings of these poor borrowers. Therefore, MCs need to be more innovative to be able to serve and take care of the wellbeing of the critical group among the borrowers. We are also puzzled to see that in spite of the exorbitantly high interest rate charges and all other limitations, increasing number of these poor are borrowing credit from these MCIs. This surgical study on the inside story of microcredit in Bangladesh, using a rich data set developed through a survey of 555 sample borrowers from rural, semi-urban, and urban areas of all 7 administrative divisions of Bangladesh, is an effort to address these issues and find answers to these and other issues like its potentiality to become a growth tool in the third sector economy. To our own best assessment this study made three major contributions to MC literature: a) application of economic-profit counting method in economic productivity analysis, b) identification of the critically vulnerable group among the borrowers; and c) the revelation that MC is respected by the borrowers more as a social than economic institution. To them, microcredit has facilitated their social and political empowerments and safeguarded their social status. We are thankful to the sample micro borrowers for their sincere cooperation and responses in the operation of this research. We are equally thankful to the field investigators for their honest and untiring search for information. Lastly we are grateful to Professor Anisuzzaman Chowdhury of University of Western Sydney, Australia, and Senior Economic Affairs Officer, Department of Economic and Social Affairs, United Nations, New York, for writing a thoughtful foreword to this work.

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LAP Lambert Academic Publishing

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ISBN 10

384659251X

ISBN 13

9783846592519

Development Issues, Policies and Actions: Selected Recent Works on Malaysia and Bangladesh

By: Rafiqul Islam Molla,Md. Wahid Murad ,Md. Mahmudul Alam

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Development Issues, Policies and Actions: Selected Recent Works on Malaysia and Bangladesh

By: Rafiqul Islam Molla,Md. Wahid Murad ,Md. Mahmudul Alam

Development Issues, Policies and Actions is intended as a book of readings on development for the general readers and for the undergraduate and graduate students of development as a supplement to the text book on economic development. It is written with materials mostly taken from our recent research works on current development issues and policy actions in Malaysia and Bangladesh. As a result, we believe that the intended readers and students will find the materials fairly known and easier to read and comprehend. To make the book more reader-friendly, we provided a comprehensive summary at the end of each essay. Readers who are time pressed but want to know the basic contents and the key messages of the essays at the shortest time at hand, can do so by reading the summaries of the essays. An additional and special feature of this book is that it emphasizes on the holistic and ethical aspects of development. This aspect is least covered by most standard text books on the subject. In that sense this book will serve as a make up for the deficiencies of the text book materials in terms of ethical orientation, essence, and higher goals of development. We gratefully acknowledge the generosity of the publishers and authors of all the research works from where the materials have been compiled for use in this book. Similarly we are profoundly thankful to all the scholars, particularly to Prof. Golam Dastagir of Jahangirnagar University, Dhaka, and Prof. Munir Quddus of Prairie View A&M University, Texas, for their critical comments on the draft of the book. Specially, we are profoundly thankful and grateful to Prof. Datuk Dr. Syed Othman Alhabshi for writing the scholarly foreword of this book. Finally, we remain thankful to Universiti Malaysia Perlis, Malaysia and the International Islamic University Chittagong, Bangladesh for jointly publishing this book.

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163

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Publication Centre at Universiti Malaysia Perlis: Perlis, Malaysia and Research and Publication at International Islamic University Chittagong (IIUC): Chittagong, Bangladesh

Published Date

ISBN 10

9675415363

ISBN 13

9789675415364

Microentrepreneurship Development in Bangladesh: Achievements and Shortcomings

By: Md. Mahmudul Alam,Rafiqul Islam Molla,Mohammad Muntasir Hossain

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Microentrepreneurship Development in Bangladesh: Achievements and Shortcomings

By: Md. Mahmudul Alam,Rafiqul Islam Molla,Mohammad Muntasir Hossain

Micro-entrepreneurial activities play a pivotal role in rural economic development in the third world countries. As a result, in Bangladesh poverty alleviation through rural centric micro-entrepreneurship development has been focused for more than thirty five years. Over 600 registered and thousands unregistered microcredit organizations including globally prominent institutions like Grameen Bank, BRAC, ASA, BARD, ActionAid, CARE etc. are operating here with their own reputed models. However, the micro-entrepreneurship development and its achievements in the country are still lagging behind a satisfactory level due to a number of prevailing factors. This book examines its major achievements and shortcomings from the perspectives of the structured institutions, non-structured institutions, and non-institutional factors, and government’s policy guidelines influencing development of micro-entrepreneurship, and makes recommendations for overcoming the shortcomings.

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LAP Lambert Academic Publishing AG & Co. KG

Published Date

ISBN 10

3838330447

ISBN 13

9783838330440

Development Issues, Policies and Actions: Selected Recent Works on Malaysia and Bangladesh

By: Rafiqul Islam Molla,Md. Wahid Murad ,Md. Mahmudul Alam

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Development Issues, Policies and Actions: Selected Recent Works on Malaysia and Bangladesh

By: Rafiqul Islam Molla,Md. Wahid Murad ,Md. Mahmudul Alam

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163

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Publication Centre at Universiti Malaysia Perlis: Perlis, Malaysia and Research and Publication at International Islamic University Chittagong (IIUC): Chittagong, Bangladesh

Published Date

ISBN 10

9675415363

ISBN 13

9789675415364

Microentrepreneurship Development in Bangladesh: Achievements and Shortcomings

By: Md. Mahmudul Alam,Rafiqul Islam Molla,Mohammad Muntasir Hossain

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Microentrepreneurship Development in Bangladesh: Achievements and Shortcomings

By: Md. Mahmudul Alam,Rafiqul Islam Molla,Mohammad Muntasir Hossain

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Solve jigsaw puzzle

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LAP Lambert Academic Publishing AG & Co. KG

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ISBN 10

3838330447

ISBN 13

9783838330440

Book's by Rafiqul Islam Molla

Inside Story of Microcredit in Bangladesh: An Empirical Investigation of the Role and Productivity

Inside Story of Microcredit in Bangladesh: An Empirical Investigation of the Role and Productivity

Development Issues, Policies and Actions: Selected Recent Works on Malaysia and Bangladesh

Development Issues, Policies and Actions: Selected Recent Works on Malaysia and Bangladesh

Microentrepreneurship Development in Bangladesh: Achievements and Shortcomings

Microentrepreneurship Development in Bangladesh: Achievements and Shortcomings

Development Issues, Policies and Actions: Selected Recent Works on Malaysia and Bangladesh

Development Issues, Policies and Actions: Selected Recent Works on Malaysia and Bangladesh

Microentrepreneurship Development in Bangladesh: Achievements and Shortcomings

Microentrepreneurship Development in Bangladesh: Achievements and Shortcomings

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