Poverty In Bangladesh Essay

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What measures then, have been adopted to fight poverty?

Homeworking Jobs - Poverty In Bangladesh Essay

To deal with poverty, the UN initiated the introduction of the microcredit concept and declared the year 2005 as the International Year of Microcredit (United Nations 2004, par 1).The dominant factors influencing poverty, as revealed by a study (UNESCO 2014, par 3), are social structure and culture.Clearly, both factors are beyond the control of the individual and there should be social and governmental intrusion to effect change and sustain communities.VSO is working to improve health outcomes, ensure that more people have safe, sustainable means of making a living, and working with communities to respond to the effects of a changing climate and environment.Our projects are making real progress, and we’re excited to see what we will achieve in a time of national growth of industry and opportunity.In support for this concern, Grameen Bank took the initiative to mobilise efforts of the program by extending loans to women.This is because women are considered as most vulnerable in categorising the segments of the world’s poor (Sarker 2000, 8).In addition, a short discussion is taken on the issue of the possible pitfalls of replicating the bank’s popular introduction of the micro-credit program in Bangladesh to other poor countries.Grameen Bank and the impact of microcredit Despite the fact there are no precise standard courses of action for measuring poverty, the term, as defined by the United Nations (UN), has two concepts: absolute and relative (UNESCO 2014, par. Absolute poverty embraces the idea of measuring poverty in relation to the amount of resources needed to supply basic living needs for all individuals.Lending through joint liability characterises the release of loan borrowings by groups rather than individually with expressed acceptance of the liabilities for the loans of fellow members (Ahlin 2007, 2).Collection-wise, requiring each member to be jointly liable for each other’s debt is a viable option as it will lessen the likelihood that loans will become uncollectible.