Assessment of multidimensional poverty and effectiveness of microfinance-driven government and NGO projects in the rural Bangladesh

Tamgid Ahmed Chowdhury*, Pundarik Mukhopadhaya

*Corresponding author for this work

Research output: Contribution to journalArticle

14 Citations (Scopus)

Abstract

This paper has developed a multidimensional model usable in assessing economic, social, political and cultural dimensions of poverty by utilizing primary data collected from 78 villages in Bangladesh using a participatory approach. Employing the developed model, a comparative analysis has been performed between microfinance-driven government (GO) and NGO (non-government organization) projects to explore their relative effectiveness in enhancing wellbeing of the poor in rural Bangladesh. It is observed that GO agencies are more effective in enhancing 'economic wellbeing' of the poor, whereas NGOs are contributing more in the 'social' aspects of wellbeing. Findings also revealed that, as whole, GO agencies perform 42% better than NGOs in improving living standards of the rural poor which contradicts with the existing literature of poverty reduction projects in developing countries.

Original languageEnglish
Pages (from-to)500-512
Number of pages13
JournalJournal of Socio-Economics
Volume41
Issue number5
DOIs
Publication statusPublished - Oct 2012

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