Abstract
This study was conducted to examine the effectiveness of community based organization (CBO) microcredit programmes of ‘Concern Worldwide’ in selected urban areas of Mymensingh district. The study is concerned with CBO microcredit use, assessing repayment performance, identifying the factors affecting repayment performance and assessing the impact of loan on livelihood improvement of the beneficiaries. Tabular and statistical analyses were applied for achieving the objectives. Overall, 84% of the total loan applied for was received by the respondents. Maximum amount of loan (89%) was received by rickshaw puller during the study period. The respondents used their maximum borrowed money productively. About 96, 94 and 98% of the total borrowed money were utilized purposively by small trading, saloon and rickshaw pulling respondents, respectively. Repayment performance of CBO microcredit programmes was highly satisfactory. Respondents’ income and loan receipt amount positively contributed to loan repayment, whereas respondents’ age, education, family size and forced saving negatively affected loan repayment. Almost all of the respondents mainly repaid their loan on time with the hope of getting loan in future. Self-consciousness and proper supervision by the CBO staff and Concern Worldwide field workers were the other important contributing factors for timely repayment of loan. Overall, the CBO microcredit programme was found to have significant positive effects on livelihood improvement of the poor beneficiaries. Key words: Effectiveness, Concern Worldwide, livelihood, community based organization (CBO) microcredit programme, Bangladesh.
Highlights
Bangladesh is considered to be the highest densely populated country in the world
This study was conducted to examine the effectiveness of community based organization (CBO) microcredit programmes of ‘Concern Worldwide’ in selected urban areas of Mymensingh district
The study is concerned with CBO microcredit use, assessing repayment performance, identifying the factors affecting repayment performance and assessing the impact of loan on livelihood improvement of the beneficiaries
Summary
Bangladesh is considered to be the highest densely populated country in the world. About 40% of her population lives below the national poverty line (MOF, 2009). The country is known as the land of microcredit revolution. By ensuring financial services to the poorest, microcredit programme is widening the concept of employment and livelihood improvement. Approximately 56,945 NGOs are serving more than 15 million households across the country (Hasan, 2009). Despite this success, microfinance services have been bemoaned for their inability to reach the extreme poor
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
