Microcredit & Microfinance || Effective against poverty or not?

World is becoming micro in every aspects as well as also in financial services like microfinance, microcredit etc.

Microcredit was initiated academically first at Bangladesh by Dr. Muhammad Yunus and his established company Gramin Bank.

Then it was extended to Microfinance. But there are a lot of criticism about these derivatives. Do these really effective for the reduction of poverty or not?

I will discuss this according to the experience and real scenario that have experienced by Bangladesh.

So let's have a cup of tea with the discussion about microfinance and micro credit..

About Me:

I am Tariqul Islam
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I am an Engineer by Graduation,
Teacher by occupation
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        I believe, Life is beautiful!