| dc.description.abstract | Purpose: The study aims to construct the socio-economic profile of Hoar people
in respect of micro-credit activities.
Methodology: Primary data have been collected from 2340 households consisting
of 1560 micro-credit borrowers and 780 non-borrowers from 30 clusters of Haor
region of Bangladesh. It has also conducted 30 KII and 30 IDI to cross check the
survey data. Z-test, F-test, t-test and factor analysis have been used in analysing
the data.
Findings: The Haor people live below the national and rural poverty levels.
About 95% households have knowledge on micro-credits while 85.8% tried to get
that support, 59.2% borrowed from formal, 18.4% from informal sources and
8.2% from the both. The reasons for exclusion from micro-credits are credit
misappropriation, non-cooperation of authorities, bureaucratic complexity, budget
limitations, ignorance and corruption. Other negative aspects are high interest rate,
short term loan, insufficient amount, local loans are easier and client friendly, low
cost and flexible terms and conditions are applied. Based on these findings, a set
of recommendations have been developed to improve the current situation for the
people of the studied area.
Practical Implications: The micro-credit authorities will gain pragmatic
insights of the socio-economic characteristics of Haor people. They will also be
able to re-structure or re-design micro-credit programs and concerned policies to
get better results from the related programs.
Originality/Value: Appropriate micro-credit programs can maximize productivity
to the Haor people which can bring them out from the vicious cycle.
Limitations: The study was restricted to the formal and informal micro-credit
sources. Modern financial technologies were excluded for some practical reasons. | en_US |
