Microfinance and Its Discontents: Women in Debt in by Lamia Karim

By Lamia Karim

In 2006 the Grameen financial institution of Bangladesh received the Nobel Peace Prize for its leading edge microfinancing operations. This path-breaking learn of gender, grassroots globalization, and neoliberalism in Bangladesh appears to be like significantly on the Grameen financial institution and 3 of the major NGOs within the nation. Amid euphoria over some great benefits of microfinance, Lamia Karim deals a well timed and sobering standpoint at the useful, and probably harmful, realities for terrible girls inducted into microfinance operations.

In a chain of ethnographic instances, Karim exhibits how NGOs use social codes of honor and disgrace to form the behavior of girls and to extra an schedule of capitalist enlargement. those unwritten rules subordinate bad girls to a number of degrees of debt that regularly result in elevated violence on the loved ones and neighborhood degrees, thereby weakening women’s skill to withstand the onslaught of marketplace forces.

A compelling critique of the connection among robust NGOs and the financially strapped girls beholden to them for capital, this booklet cautions us to be vigilant in regards to the social realities during which ladies and loans circulate—realities that regularly have hostile results at the lives of the very girls those operations are supposed to help.

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Extra resources for Microfinance and Its Discontents: Women in Debt in Bangladesh

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NGOs in rural Bangladesh are the primary providers of services such as microfinance, primary education, reproductive healthcare, cell and solar technology, rural road reconstruction, potable water, pisciculture, forestry, ecological protection, and democracy training, to name a few. These services led to the creation of the NGO not only as the dedicated source of resource distribution but also as the pathway through which Eurocentric developmental agendas entered rural communities. Bangladesh is one of the most transnational sites for the study of NGOs and microfinance.

It exploits the situation of unemployed youths in our country and creates conditions that do not allow for other forms of recruitment, political recruitment for example, to occur. To rural people, they [NGOs] preach a kind of economism instead of a political progressive consciousness. Their goal is the extension of credit instead of industrial development. 65 Much of the NGO pro-poor lobby was rhetorical in nature and had gained few real benefits for the poor. Despite the work of the conscientization NGOs, Hashemi noted that the distribution of government lands has been The Structural Transformation of the NGO Sphere 17 negligible.

Dr. Zafarullah of Gonoshastha Kendro ran a Maoist healthcare NGO. ”57 Leaders of Nijera Kori and Proshika were secular nationalists who had organized their rural clients to fight against the landed elites in the 1970s and 1980s. 58 In its early days, the NGO movement was inspired by the work of the Comilla Project (now known as Bangladesh Academy for Rural Development). 59 The Comilla Project started farmers’ cooperatives to spread the use of the Green Revolution technology in the 1960s. The model was based on group formation, weekly meetings, awareness creation, and member savings plans.

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