Short Essay On Microcredit
An initiative to recede poverty: Microcredit Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is considered as one of the developing countries of the present world. The country is burdened with so many predicaments. Among all the problems I decided to write about poverty. I think poverty is not only becoming an obstacle on the way of the development of our country but also making the situation more complicated by giving birth to many other issues like unemployment, illiteracy, child labor and many more. According to the United Nations’ statement, “Fundamentally, poverty is the inability of getting choices and opportunities...It means not having enough to feed and clothe a family, not having a school …show more content…
Poverty estimation study by Oxford University declared that Bangladesh is the third poorest country in South Asia. Several interventions have been prepared in order to eradicate poverty in Bangladesh. Among all Microcredit is one of the most effective ones. In 2006, the Norwegian Nobel Committee decided to award the Nobel Peace Prize to Dr. Muhammad Yunus and the Grameen Bank for taking the initiative to create economic and social development by providing the opportunity of Microcredit in Bangladesh.
The causes and consequences of poverty
Poverty is one of the critical problems that are endlessly impacting condition of Bangladesh from decades. Poverty is measured by the deprivation of the basic needs like shelter, food, cloths, education and treatment. The absences of these basic needs in a society make people live under poverty. Lusted writes, the reasons behind poverty can be lack of education and women empowerment, natural disasters, epidemics like AIDS and overpopulation which is also considered as one of the consequences. At present, the total population of Bangladesh is 166,280,712 whereas the area our country is only 147,570 km² (“South Asia: Bangladesh”). That means overpopulation
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