Report on the Impacts of Micro-credit on Sustainable Development and Peace in Bangladesh

The paper is the outcome of a study conducted in rural area of Bangladesh during the period of November 2006 to January 2007 among the micro-credit holders of the Grameen Bank (GB) and Bangladesh Rural Advancement Committee (BRAC). Of the micro credit holders, 63 borrowers were taken in Teota village of Shivalaya upazila of Manikgonj district. Structured questionnaires were used to collect information on relevant issues of the paper specially to learn about how they were using loans and what was happening in their life. with the collaboration of this case study (on micro credit holders of assigned village), the paper tries to explore the transparent impact of micro-credit on sustainable development and peace of the country like Bangladesh.
Micro-credit is an important field for improving the economic life of the poor. It is now familiar in many countries because it has attracted the view of the common people after getting recognition by the Nobel Laureate Committee. Nevertheless, most of the people in the world are seriously stricken with the dearth of poverty even in the developed countries in some context. Otherwise it has generally been considered in the last two years as a commendable idea in the developing countries “At the beginning when micro-credit was first introduced here it was given to the men with the subsequent change to women which introduced changes with regard to their economic dependence, limited incomeopportunity and mobility.”[1] It has been a different dimension since a large number of people across the world remains under the destitute situation of abject
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[1] Monirul I. Khan, Mushtaque Chowdhury and Abbas Bhuiya (June 2000), Marginalization of women’s Employment and the role of household; The case study of BRAC’s Micro-credit program in Rural Bangladesh, Social Science Review, Vol.17, No. 1, P. 15.