The Awareness of Microfinance in Developing Economies and its Impact

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ACKNOWLEDGEMENT

I would like to take this chance for thanking my research facilitator, friends & family for support they provided & their belief in me as well as guidance they provided without which I would have never been able to do this research.



DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

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Table of contents

ACKNOWLEDGEMENTII

DECLARATIONIII

CHAPTER 01: INTRODUCTION1

Background of the Study1

Aims and Objectives of the Study1

Research Questions2

Outline of the Study2

CHAPTER 02: LITERATURE REVIEW4

Microfinance4

The Structure of Microfinance6

Microfinance Models and Methods7

Role of Banks in Promoting Micro finance8

Poverty Reduction through Micro finance11

Impact of Microfinance on Developing Economies13

CHAPTER 03: RESEARCH METHODOLOGY17

Research Methods17

Qualitative Research Method17

Quantitative Research Method18

Research Design18

Search Technique19

Ethical Consideration20

CHAPTER 04: DISCUSSION22

CHAPTER 05: CONCLUSION26

REFERENCES28

CHAPTER 01: INTRODUCTION

Background of the Study

As a part of global civil society, microfinance is subject to the same ideological and practical questions and criticisms. It has been heralded as an alternative to failed state-led development programs of the past, and therefore existing outside the troubled state apparatus. Proponents argue microfinance provides necessary financial services to those unfairly left out of economic growth. However, microfinance is also deeply rooted in neoliberal Capitalist ideology, and opponents assert it continues the tradition of ill conceived development that further marginalizes those it purports to assist. The shortcomings of past international development programs implemented by big aid agencies such as the World Bank and the United Nations have been well discussed by many. The objective of this dissertation is to analyse the benefits microfinance Institutions bring to a developing economy and what their impact is on the local community, and also to evaluate the awareness Microfinance is creating to foreign investors and more stable economies. Under the light of the above mentioned objective writer wants to accomplish the following aims.

Aims and Objectives of the Study

Before starting on the course of the research, a researcher has to decide upon the aims and objectives of the research study, which would help the researcher in conducting the research. The aims and objectives act like a guide for the researcher through which the researcher can deduce research questions. The aims and objectives of this research study are as follows. The objective of this dissertation is to analyse the benefits microfinance Institutions bring to a developing economy and what their impact is on the local community, and also to evaluate the awareness Microfinance is creating to foreign investors and more stable economies. Under the light of the above mentioned objective writer wants to accomplish the following aims.

To critically analyse the impact Microfinance creates on economies of developing countries.

To critically evaluate the impact of foreign investors to the local community.

To compare and contrast the different types of Microfinance models and methods.

To critically conclude all primary and secondary ...