MICRO CREDIT IN RURAL AREAS FOR FEMALES

An Investigation of Access to Micro Credit in Rural Areas for Female Entrepreneurs in Retail Sectors in Bangladesh: Applying Grounded Theory Approach

Table of Contents

Chapter 1: Introduction3

Focus of the study3

Research Rationale3

Research Questions4

Background for the Study4

Women Condition in Bangladesh5

Women with Micro credit5

Chapter 2: Literature Review9

Research Paradigms11

Positivist Paradigm12

Phenomenological Paradigm12

Research Methods13

Data Collection14

Primary Data14

Data Analysis16

Research Timescale17

Summary18

Chapter Three: Methodology19

Phenomenology19

Grounded theory20

Ethnography21

Positivist Paradigm22

Analyzing Qualitative Data23

Criteria for evaluating qualitative studies24

Limitations of the Qualitative Approach25

Ethical Considerations in Qualitative Research26

Research Design27

Assumptions & Limitation29

Summary33

Chapter 4: Research Methods34

Survey Instrument34

Participants35

Data Collection36

Sample strength37

Limitation of the method38

Story 1.53

Story 2.54

Ma?or Findings56

Micro credit, poverty reduction and empowerment56

References61

Bibliography69

An Investigation of Access to Micro Credit in Rural Areas for Female Entrepreneurs in Retail Sectors in Bangladesh: Applying Grounded Theory Approach

Chapter 1: Introduction

Focus of the study

Micro credit is one of the revolutionary economic inventions of 20th century. This loan pro?ect is aimed at the people who are unable to apply for traditional bank loans. It works as a platform for the unemployed people to self employment. Especially the developing countries like, Bangladesh, has been benefited by Micro credit, where most of the Micro credit clients are women. In Bangladesh women are financially still in backward condition. The condition is worse in rural areas where illiteracy rate is at its highest. But Micro credit has opened the door for them to have small earnings which provide them position in family, society and community. Therefore, the following ob?ectives will be examined in this paper-

To review extant conceptual models and theoretical frameworks related to micro credit institutions in the developing countries.

Doses availability to micro credit enable female in Bangladesh to succeed?

Is there any significant link between access to micro credit and business success?

Research Rationale

To critically evaluate the various aspects of Micro credit, how it is able to change the lives and professions of women, its impact on them and its effect on their role as small entrepreneurs.

Review the literatures done on Micro credit and focusing specifically on women, affected by that.

Justify the criticisms and make recommendations on changes required to make it more effective for women to strengthen their power in family, community, society, country and above all financially.

Research Questions

To what extant do the micro credit organisations are working in developing countries, throwing light on Bangladesh situation?

How much micro credit works for the poor women to succeed in retail?

Has this success been effectively brought by Micro credit?

Background for the Study

Micro credit is a financial loan pro?ect for the poor people who don't have ability for traditional banking or loans. It was originated in Bangladesh by the Grameen Bank. In 2006 Grameen Bank and its founder Dr Muhammad Yunus won Nobel Peace prize for pioneering Micro credit and its successful application in Bangladesh. Micro credit is the extension of small loans for the poor people who are not considered eligible for the conventional bank loans or in other words, not bankable. These people lack verifiable credit history and steady employment. As a consequence, they don't have even the minimum qualifications to access the traditional ...