The Impact of the South Asia Partnership-Bangladesh Microfinance Program on the Socioeconomic Development of Bangladesh: An Empirical Evidence

Masum Billah Patowary , S. M. Rifat Hassan , Arijita Roy , Tarina Kamal

Microfinance, Savings, Income, Beneficiaries.

This is an empirical study with qualitative and quantitative data about the impact of microfinance program of SAP Bangladesh. The study reviewed the related scholarly publications, such as journals, agency reports, and newspapers. The results show that the beneficiaries of microfinance programs benefit greatly in terms of reduced poverty, increased income, and increased savings. To a lesser extent, microfinance programs also contribute to job creation, but not nearly enough. The results show that microfinance service holders’ savings and consumptions increased as well since they now have a better living standard. In order to promote socioeconomic development, economic growth, and most importantly, the eradication of poverty, the conclusion emphasizes the necessity of accelerating microfinance initiatives. More training programs must be started in order to expand activities, and policies must be implemented correctly.

Published Paper   E-Certificate

"The Impact of the South Asia Partnership-Bangladesh Microfinance Program on the Socioeconomic Development of Bangladesh: An Empirical Evidence", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.9, Issue 6, page no.971 - 978, June-2024, Available :https://ijsdr.org/papers/IJSDR2406112.pdf

Volume 9 Issue 6, June-2024

Pages : 971 - 978

Paper Reg. ID: IJSDR_211686

Published Paper Id: IJSDR2406112

Downloads: 000347089

Research Area: Commerce

Country: Dhaka, Dhaka, Bangladesh

Published Paper PDF: https://ijsdr.org/papers/IJSDR2406112

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2406112

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition