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Towards sustainable entrepreneurship and social development for rural women in Bangladesh

Simi, Shahin (2011) Towards sustainable entrepreneurship and social development for rural women in Bangladesh. Masters by Research thesis, Murdoch University.

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      Abstract

      Entrepreneurship today has become an important professional skill to reduce poverty among rural women in Bangladesh. Recent studies show that most rural women borrowers claim that their sustainable socio-economic development depends on current ‘micro credit policy’. However, most women entrepreneurs’ practical situation is still vulnerable and unproductive, especially in rural Bangladesh. Usually, when a woman runs an enterprise solely, after a certain period, if she is unsuccessful, that micro credit turns into a burden for her. The study proposes to critique micro credit policy, because the practical fact is the micro credit policy most often only tries to help rural women to survive, but does not encourage them to sustain their business through group co-operation. The paper attempts to discuss from different perspectives the ability of women entrepreneurs in rural Bangladesh to improve their economic situation and to strengthen their empowerment in the rural community. In addition, the research also analyzes the socio-economic sustainability of women’s enterprises. The study examines key approaches to eradicate the poverty and vulnerability of rural women as they aim to reach the MDGS (Millennium Development Goals) through entrepreneurship development corresponding to small business institutions. It shows how group-based women’s enterprises as co-operative societies can improve the chances of sustainability of their businesses and can provide faster capital accumulation. The study also investigates whether there are enough prospects for food processing and handicraft as business for rural women entrepreneurs in Bangladesh. Indeed, a new insight of policy initiatives has been proposed, like reducing micro-credit interest rate or distribution of a little funding by government or some donor agencies to cover the higher costs of microfinance institutions (MFIs) instead of imposing higher interest rate for encouraging women to sustain into their enterprise business. The main findings of the study are rural women entrepreneurship development for eliminating poverty, empowering women with more advanced education and skill and, ensuring sustainable development of rural women through improving micro-credit policy, precise government’s intervention and group-based entrepreneurship business efforts.

      Publication Type: Thesis (Masters by Research)
      Murdoch Affiliation: School of Sustainability
      Supervisor: Pettitt, Bradley
      URI: http://researchrepository.murdoch.edu.au/id/eprint/8892
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