The Origin Traced to Bangladesh Grameen Bank Operationally, the origin of microcredit has generally been traced to 1976 when Muhammad Yunus as part of his experimental research sowed its seeds by lending 856 Taka($27) to 42 bamboo weavers who are very poor in a village on the outskirts of the Chittagong University Campus(Mahajan,2005 and Yunus,2004).He found that lending small amounts has resulted in bringing radical changes in the lives of the poor people and the poor people were able to repay
To scrutinize the impact of different category (small, medium and large) of business on the total business growth in Bangladesh we consider the regression model. The results are given in Table 06. It is observed that the small business play most significant role for increasing the growth of total business in Bangladesh. If one unit increases the small business the total business will 1.359 times spread across the country and the effect of medium business is less than the small business but more than
the poor and low income individuals. The importance of micro-finance in the developing economies like India can not be undermined, where a large size of population is living under poverty and large number of people does not have an access to formal banking facilities. The taskforce on Supportive Policy and Regulatory
three banks received the exclusive right to issue paper currency in 1861 with the Paper Currency Act, a right they retained until the formation of the Reserve Bank of India. The Presidency banks amalgamated on 27 January 1921 and the reorganized banking entity took as its
Hypothesis 5 03 Research Methodology 6 – 14 04 Literature Review 15 – 19 05 Chapter 1 (Energy Crisis) 20 – 24 06 Chapter 2 (Impact of Energy Crisis) 25 – 27 07 Conclusion 28 08 Recommendations 29 09 References 30 Introduction The textile sector of Pakistan plays a vital role in economy of country. Its importance arise mainly from its very large cotton production capacity. Pakistan currently ranks as the 4th largest producer of cotton in the world and
INTRODUCTION 1.1 Background Growth is essential for a healthy sustenance and survival of any firm in this competitive world. There are two growth routes available to any company: - organic and inorganic. The Theory of the Firm’s Growth Penrose states that the growth rate of the firm will decline with its age. Organic growth beyond certain size or age is a big challenge and hence inorganic growth gains significance. Inorganic growth means growing through mergers and acquisitions. The inorganic growth
provision of capital through small-scale loans facilitated via rural banking reforms and microfinance initiatives is an effective policy intervention to promote self-employment. Such microfinance initiatives target individuals who face difficulty obtaining conventional loans through commercial banks, with women being a special target group. Without access to formal loans, these individuals have often had to rely on informal-sector money lenders and other expensive sources of credit. Not only does microfinance
set up as well as the beginning of flights to Indonesia, Macau, China, Philippines, Vietnam and Cambodia in 2005. AirAsia now flies to all ASEAN countries, a great serving of Asian countries that include India, Iran, Sri Lanka and Bangladesh; as well as to the United Kingdom, France, Japan, Korea and Australia via AirAsiaX. In 2011, we are setting up additional AirAsia hub in the Philippines and are well on the way in setting up other similar operations in another place in the region
Women have always been globally underrepresented in the major decision –making processes in the political as well as in the private sector. This low participation is due to various societal norms that plays a major role in the lower participation of women. Leadership and political sphere is still considered as a ‘dirty area’ from which women needs to be protected. Also women are considered to be following social norms which would dictate them there domestic role. Despite these challenges women has
Poverty has been one of the drawbacks in economic development activities. Coleman (1999) argues that the lack of access to capital in less developed countries resulted in severe poverty in those countries. Everything around the people in Less Developed Countries (LDCs) revolves in a cyclical and unpredictable manner, whereby access to little or no capital and the production on a very small-scale basis makes it more unbear-able for the individuals to accumulate savings, acquire relevant assets and