Microfinance or Debt Trap: Case for Yunus'' Grameen Bank in Bangladesh

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The book explores the origins and evolution of microfinance, initiated by Nobel Laureate Muhammad Yunus in Bangladesh. While Grameen Bank has operated for over 30 years, the empirical analysis reveals that its microfinance program has failed to significantly improve the income of rural borrowers. Instead, it suggests that the bank may have contributed to a "debt trap," negatively impacting the very individuals it aimed to help. This critical examination challenges the effectiveness of microfinance as a tool for poverty alleviation in rural Bangladesh.