History of microfinance in Bangladesh: A life cycle theory approach

Mia, Md Aslam and Lee, Hwok Aun and Chandran, V.G.R. and Rasiah, Rajah and Rahman, Mahfuzur (2019) History of microfinance in Bangladesh: A life cycle theory approach. Business History, 61 (4). pp. 703-733. ISSN 0007-6791, DOI https://doi.org/10.1080/00076791.2017.1413096.

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Official URL: https://doi.org/10.1080/00076791.2017.1413096


This study aims to conceptualise and document the historical evolution of microfinance in Bangladesh using the life cycle theory (LCT). Based on the LCT nomenclature, the microfinance sector in Bangladesh shows characteristics broadly consistent with the saturation phase (2006–2015)–which potentially has adverse impacts on both microfinance clients and institutions. The maturity phase (1996–2005) of microfinance has corresponded with competition and several innovations (financial and non-financial). However, the saturation phase sees increasing presence of uncoordinated microfinance institutions and expansion of multiple borrowing, as well as commercialisation and ‘mission drift’, which constitute important challenges for the regulatory authority and management of microfinance institutions. © 2017, © 2017 Informa UK Limited, trading as Taylor & Francis Group.

Item Type: Article
Funders: Centre for Poverty and Development Studies (CPDS), Faculty of Economics and Administration, University of Malaya (Grant no: PD002-2017)
Uncontrolled Keywords: Microcredit and microfinance; microfinance institutions; multiple borrowing; life cycle theory; Bangladesh
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Economics & Administration
Faculty of Business and Economics
Depositing User: Mr. Mohd Safri
Date Deposited: 17 Mar 2020 02:29
Last Modified: 17 Mar 2020 02:29
URI: http://eprints.um.edu.my/id/eprint/16689

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