Fishing is a longstanding occupation in the world. Small-scale fishing (SSF) communities of South Asia face many challenges in their lives and livelihoods. This study was conducted in one Jaladas village of southeastern Bangladesh to determine the conditions of fishing labours in big boats and provide some evidence-based recommendations for enhancing their holistic well-being. This study adopted the qualitative research design, specifically the Focus Group Discussion (FGD). A random survey of 50 households was conducted to find out socio-economic conditions. This paper finds that the young Jaladas are pushed away from their birth-ascribed occupation and engaged as fishing labours in big boats. Their existing working environment is like an ancient slavery system. Fishing labours are bound to work under such adversative conditions for survival. SSF communities become poorest of the poor due to lake of sufficient concentration from the government, NGOs, private sector, international development agencies and other actors. Moreover, relevant articles of the Universal Declaration on Human Rights (UDHR) and FAO initiated SSF Guidelines are not implemented properly in support of fishing labours working in large boats. Highest profit-earning mentality of commercial entrepreneurs, apathy, absence of rules of law; and non-recognition the rights of labours under small-scale fisheries sector in Labour Law of Bangladesh are major reasons for plights of fishing labours. Still research works are very inadequate in this area. Therefore, global human rights organizations are in dark from real scenario. This paper urged that the Government of Bangladesh (GoB) should include prioritized needs of fishing labour as provisions during the amendment of Labour Law. Proper execution of Labour Law and establishing the rules of law are concerning issues for ensuring the well-being of fishing labours. 

Promoting fishing profession and general well-being: A call for labour policy

Two-thirds of the world’s poorest and vulnerable, mostly women, live in rural areas, engaging in subsistence agriculture. Hence, in Ghana, rural banking was introduced to provide microcredit services to the marginalised neglected by commercial banks. One of such banks is the Sonzele Rural Bank in Jirapa was set up to offer credit services to improve the living condition, yet poverty in Jirapa is still high. This study, therefore, sought to investigate the role of rural banks in poverty reduction drawing evidence from the Sonzele Rural Bank inJirapa. Using a cross-sectional design, the study employed structured interviews to collect data. The cluster sampling technique was used to select thirteen women’s groups in Jirapa, and purposive sampling enabled the selection of four project staff. Paired-samples t-test and Kendall’s coefficient of concordance were employed in the analysis. The study revealed that credit with education was given to women in groups which enabled them to set up various enterprises and experienced an increase in income and expenditure on education and health thus, reducing poverty in the area. Beneficiaries noted that the issues of high-interest charges, short repayment schedules and absence of insurance policy need attention to make credit a poverty reduction tool. 

The Role of Rural Banks in Poverty Reduction among Women: Evidence from Sonzele Rural Bank, Ghana

Microfinance is an important tool in promoting financial inclusion, which has attracted global attention. More countries are offering microfinance with the support of the government, specialized organizations, and financial institutions. Microfinance is regarded as a means to promote inclusive growth. Therefore, this study analyzes the issues, challenges, and way forward of Islamic microfinance. The study employs a qualitative research method by reviewing the selected literature using content analysis. Islamic microfinance has proved to be more effective in reducing poverty and improving socioeconomic conditions. Although it takes a considerable number of resources and funds and many years to convert and adapt conventional microfinance to Islamic microfinance, it has a significant role to play in a Muslim-majority country to promote growth and prosperity among the poor. The study may significantly contribute toward the sustainable and socially impactful growth of the Islamic microfinance, especially in achieving the maqasid Shariah and Sustainable Development Goals (SDGs). The originality of this study may contribute to the formation of a new body of knowledge and enrich the literature sources in the field of Islamic microfinance that will benefit both academicians and practitioners. 

Potential of Islamic Microfinance: Issues, Challenges, and Way Forward

Poverty is the incapability of a person to meet his basic need like food, cloth, and shelter. Every country has to face poverty across the world. Bangladesh has also been suffering from poverty. Micro Finance Institutions in Bangladesh are trying to reduce the poverty alleviation over the country. The purpose of this study is to identify the impact of different microfinance services to poverty reduction in Bangladesh. A structured questionnaire was used to collect the data from respondents in Barishal division, Bangladesh, and OLS regression was estimated to find out the impact of microfinance services to the poverty reduction in Bangladesh. Results show that micro-credit mostly influences poverty reduction. Savings, micro-insurance, and training also influence the poverty reduction in Bangladesh. The implication of the study is that microfinance service provisions should be more user-friendly for the customers so that the services can be advanced to the locals of the different regions of Bangladesh for facilitating the rapid economic growth. Financial education may be introduced for a better understanding of microfinance services collection, usage, and for return policy. Policymakers may also provide some guidelines to fight poverty for their rest of life.

https://abc.us.org/ojs/index.php/abr/article/download/465/908

Impact of Microfinance on Poverty Alleviation: A Study in the Southern Part of Bangladesh

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Impact of Microfinance on Poverty Alleviation: A Study in the Southern Part of Bangladesh