SOCIO-ECONOMIC EFFECTS OF MICROFINANCE OF GRAMEEN BANK ON BORROWER HOUSEHOLDS IN BOGRA DISTRICT OF BANGLADESH
Journal Title: International journal of research -GRANTHAALAYAH - Year 2019, Vol 7, Issue 5
Abstract
The study is to examine the socio-economic effects of microfinance of Grameen Bank (GB) on borrower households in the study area. Microfinance of Grameen Bank has a contribution on change of socio-economic status, reducing poverty and increase income generating activities. It is to investigate the socio-economic change occurred among them in the reference time of period. The collected data were estimated using statistical techniques. Statistical analyses include mean, Chi-square test, analysis of variance (ANOVA) test and four Likert scales (four point-scales) such as Strongly increase (Strongly Agree), Moderate increase (Agree), Unchanged (Disagree) and Decreased (Strongly Disagree). The total sample size was only 168 borrowers of GB through simple random sampling from eight centers under four branches, and where multi-cluster sampling has been used for this study. The ANOVA test is performed to examine the association between microcredit and socio-economic factors such as education, occupation, average monthly income, savings, value of assets and cultivated land, etc. After taken loan from Grameen Bank (GB), change of average monthly income, savings, average monthly expenditure, occupation of borrowers, education expenditure for children of borrowers, asset value of borrower households are being increased. The respondents showed the level of changes in 16 chosen indicators separately. Participation impact score (PIS) of selected change items (16 items) reveal that how much changes to have occurred among the women borrowers after joining GB. The result of Standardized PIS (SPIS) reveals the overall significant, which is above 70 percent. The results of PIS or SPIS indicate that the highest score among selected 16 items is for improved participation in family decision-making and the lowest score among all is for improvement counting ability. Finally, coverage and schemes of microcredit programmes, lowering interest rate, extending the repayment period, delaying the start-up of instalment are among the main suggestions that can be pursued so as to obtain better outcomes of microcredit activities in the study area and in the whole country as well. In spite of some barrier of microfinance institutions, microcredit has a positive contribution on socio-economic of borrower households in the rural area of Bangladesh.
EMPLOYEE RETENTION AND TURNOVER USING MOTIVATIONAL VARIABLES AT INDIA
This research looked at the extent to which identified intrinsic and extrinsic motivational variables influenced the retention and reduction of employee turnover in both public and private sector organizations. The resea...
WORKING CAPITAL MANAGEMENT AMONG LISTED COMPANIES OF PAKISTAN
The study aims to investigate the strength of working capital management for measuring the financial performance of listed stocks. The study incorporates descriptive statistics, Pearson correlation, and multiple regressi...
ANALYSIS OF THE IMPORTANCE OF RESEARCH IN STUDENTS IN THE HEALTH AREA
Research is considered an activity aimed at obtaining significant findings that increase human knowledge and enrich science, thanks to it the world has changed generating progress, quality of life, health, innovation, he...
DIVERSITY OF ENVIRONMENTAL HEALTH MARKERS ODONATA AND LEPIDOPTERA IN GWARIGHAT REGION OF RIVER NARMADA, JABALPUR (M.P.) INDIA
River Narmada is the fifth largest westwards flowing river of India. Biodiversity protection and conservation is a national and international agenda and responsible for sustainable development of a region or a country an...
ENHANCEMENT OF TEXT BASED EMOTION RECOGNITION PERFORMANCES USING WORD CLUSTERS
Human Computer Interaction (HCI) researches the use of computer technology mainly focused on the interfaces between human users and computers. Expression of emotion comprises of challenging style as it is produced with p...