Rural Development Scheme of Islami Bank Bangladesh Limited: An Analysis as an Alternative Microfinancc Program
No Thumbnail Available
Date
2014-06
Journal Title
Journal ISSN
Volume Title
Publisher
CRP (International Islamic University Chittagong)
Abstract
The Rural Development Scheme (RDS) of
Islami Bank Bangladesh Limited (fBBL) was introduced
in 1995 with the objective of eradicating poverty and to
involve the largest number of village-living poor folks
to create opportunity for income generation and
employment of the rural poor. RDS, despite its
limitations, has proven itself as an alternative
microjinance program to the conventional microfinance
providers and Non-Governmental Organizations
(NGOs) in Bangladesh. This paper, following a
comparative methodology, aims at analyzing the
success and failure of the RDS of fBBL throughout the
past few years, and testing its effectiveness as an
alternative to the conventional micro finance programs
which are mainly based on interest-bearing loans.
Description
Business Review Vol-3, Article-1, June 2014 (Page-07-24)
Keywords
RDS Microfinance, Islamic Microfinance, Poverty Alleviation