Abstract
The aim of this study is to discuss about the conceptual explanation of microcredit and sustainable livelihood Moreover, this study also described about conceptual linkages of microcredit towards a sustainable livelihood framework. The study found that the providing accesses of microfinancing are potentially working in the way of ensuring sustainable livelihood of the poor women in the world. The study recommended that zakat based Islamic mode of financing and Qard-al-Hasan on the basis of spiritual values would be an alternative model for poverty alleviation and ensuring sustainable livelihood.
Highlights
Sustainable livelihood is a key agenda for ensuring the capabilities, assets and activities required for a means of living in the present world
From the begging of civilization it is destroying human basic rights and depriving them through involving of multiple dimensions from limited income, vulnerability, lack of essential assets and opportunities in the face of shocks too few possibilities to participate in collective decision making for every human is entitled (David and Jonathan, 2009)
The study concluded that microcredit is providing the poor the accessibility for the credit to increase their total family through different livelihood strategies of Income Generating Activities (IGAs) and sufficient income provides a hope to the poor to ensure achievement of sustainable livelihood by improving good health, access of children's education, achieved skill, acquiring assets, take part social activities
Summary
Providing the poor with credit will generally help to solve the problem of the poor In this regards, microfinance program is generally perceived as one of the practical and attractive means for providing accessibility of the poor to credit and reducing poverty and achieving of sustainable livelihood (Bhuiyan et al, 2011a; 2011b). Participatory approach realized that poor as well as the lower income group are facing major problems is access to credit Their lack of assets for collateral, lack of financial records and limited credit history has made almost impossible for them to obtain credit from the formal
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