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abstract (description)
Abstract Micro financing is perceived to contribute towards poverty reduction by developing small enterprises. We examined the Challenging the Frontiers of Poverty Reduction (CFPR) programme implemented by the Bangladesh Rural Advancement Committee (BRAC) between 2002 and 2007. We selected this case because it used a different approach of micro financing where assets were transferred rather than cash to participants. We examined two aspects of the programme: (i) the impact of micro financing through asset transfer instead of cash on reducing poverty; (ii) the factors that contributed to positive impact or little or no impact on the economic conditions of the participant households and the trajectories of changes experienced in these economic conditions. These were analysed using data gathered from a survey of 21 beneficiaries and also from the in-depth interviews of 8 of these households, which included both successful and not so successful cases. The study found that the asset transferring programme resulted in significant improvement in the livelihood of the majority of members. However, in some cases the beneficiaries did not see any or significant improvement in their livelihood. The study revealed that households that demonstrated proper planning, hard work, and personal interest in the business they started have witnessed improved quality of life through micro financing, while idleness of members and absence of proper planning resulted in failures. To some extent, it was found that social barriers can also contribute to failures, even if the beneficiaries work hard and are highly motivated. Based on these findings, the study makes some policy recommendations 
accessCondition
Tshwane University of Technology 
identifier
ISSN 2070-5387 
languageTerm (code)
en 
languageTerm (text)
 
roleTerm (code)
cre 
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Creator 
namePart
Mahmuda, I 
roleTerm (code)
cre 
roleTerm (text)
Creator 
namePart
Baskaran, A 
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cre 
roleTerm (text)
Creator 
namePart
Pancholi, J 
roleTerm (code)
con 
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Contributor 
namePart
Middlesex University Business School, The Burroughs, London NW4 4BT, UK. 
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con 
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Contributor 
namePart
Finance Division, Ministry of Finance, Government of Bangladesh 
publisher
Tshwane University of Technology 
copyrightDate
2010-03-29 
form
Pdf 
recordIdentifier
6226681192068962-IERI_WP_2011_0108.pdf 
title
Institute for Economic Research on Innovation,Tshwane University of Technology 
topic
Enterprise development 
topic
Social innovation 
title
Financing Social Innovation: A Case Study of Micro Financing in Bangladesh 
typeOfResource
Text 
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