Micro Financing Management and Its Prospects: A Case Study Analysis on Bangladesh Perspective

Microfinance's worldwide recognition has been credited to Prof. Dr. Muhammad Yunus who is the founder of the Grameen Bank in Bangladesh and recipient of the 2006 Nobel Peace Prize. Most microfinance studies in Bangladesh are limited to either one or two major MFIs or to the overall impact on clients’ poverty reduction, improvement in health and social status, enhancement of women entrepreneurship and empowerment, etc. This study aims at understanding the management part of micro finance and its prospect of application in Bangladesh. The article also looks into the contribution of micro finance in Bangladesh economy together with sources of fund for such micro finance institutes. Moreover, other studies focused on welfare impacts pay less attention to sustainable entrepreneurship development. Hashemi, Schuler, and Riley (1996). Finally we can summarize that micro finance credit has greatly contributed to the economy of a developing country like Bangladesh. Poverty eradication, unemployment reductions, self-employment prospects together with self confidence and belief among poorest that they can also survive and contribute to the economy to build a nation.