Description

Microfinance is a concept which many assume as a scheme that deals with giving the poor small amount loans which they cannot otherwise access from regular banks. However, it is basically the methodology that makes it different. Also, other than credit, a big element of microfinancing industry is ‘savings’ which is a built-in element in the concept. In Bangladesh, microfinancing institutions are playing the most important role in financial inclusion the rate of which in Bangladesh is the second highest among South Asia. Tanzina Ahmed Choudhury and Md Rezwanur Rahman unveils the dynamics of the microfinance industry of Bangladesh in the next leaves.