Inception and Evolution

Martin Greeley (), Asif M. Shahan () and Shubhasish Barua ()
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Martin Greeley: University of Sussex
Asif M. Shahan: University of Dhaka
Shubhasish Barua: University of Dhaka

Chapter Chapter 3 in Sustainable Development, Human Dignity and Choice, 2021, pp 17-32 from Springer

Abstract: Abstract As mentioned earlier, the PKSF was established by the GoB in 1990, with a mandate to contribute to poverty reduction/elimination and development in the country. In its Articles of Association, credit (not microcredit) is mentioned as a tool of poverty reduction, along with several non-financial services. But, the PKSF, from the very beginning, adopted micro-credit as the only tool for poverty reduction and turned into a funding agency for micro-credit only. In fact, the organisation, over the years, attained significant success as a funder of NGOs for micro-credit. This approach created some positive impact on the incomes of the borrowers, but the PKSF lost its mandated broader focus in relation to different domains including but not limited to education, training, health services and other livelihood interventions. It appears that the organisation simply followed the “...dominant thinking in the country at the time” which considered micro-credit as the major, if not the only means of poverty reduction.

Date: 2021
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DOI: 10.1007/978-3-030-71668-4_3

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