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International Journal of Trade & Commerce-IIARTC
Impact Factor (IF):5.135 (COSMOS), IF:7.249 (ISRA), IF:3.721 (ISI)
ISSN:2277-5811 (P), ISSN:2278-9065 (O)
Frequency: Half Yearly
Bangladesh Extension Education Services Through Channeling Micro Savings Into Micro Investment to Create Entrepreneur
Author: Ali, Nawazeesh Muhammad, Wanasilp, Wanakiti,
NGOs have played a key role in poverty reduction, creating entrepreneurs, and economic growth in Bangladesh through microfinance. Besides microfinance, NGOs like Bangladesh Extension Education Services (BEES) now offer micro-savings schemes and micro-investment opportunities to create entrepreneurs. But a significant obstacle to channeling micro-savings into micro-investment is loan outstanding. The study used secondary data collected from BEES for quantitative analysis. The study period is between February 2021 to May 2021 for analyzing data from2009-10 to 2019-20. Three different types of statistical analysis were undertaken: Correlation Analysis, Graphical Analysis, and Ordinary Least Square Regression Analysis. The study used three hypotheses to test the relationship between micro savings-loan outstanding, micro investment-loan outstanding, and micro savings-loan outstanding. The study found success in BEES programs of using microsavings to stimulate micro-investment and build entrepreneurship. Overall, the study found BEES to be very successful in channeling microsavings into micro-investment and recommend other NGOs to follow BEES success and engage in the micro-savings to micro-investment conversion program to build entrepreneurship. In addition, the study has recommended strong political-economic practices such as semiannual auditing by the Microcredit Regulatory Authority (MRA) to prevent such unethical practices.
Keywords:Micro Savings, Micro Investment, Loan Outstanding, Entrepreneurship, Political Economy and Development, Regulations.
International Journal of Trade & Commerce (Vol: 10 Issue:1)
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