MICRO-FINANCING FOR ENTREPRENEURS IN DEVELOPING COUNTRIES: BANGLADESHI FARMERS CASE
Ural Federal University (RUSSIAN FEDERATION)
About this paper:
Conference name: 11th annual International Conference of Education, Research and Innovation
Dates: 12-14 November, 2018
Location: Seville, Spain
Abstract:
Transition turns into a perennial feature of modern societies in a growing number of variations in differing mixture of local and global contexts. Still, the human, the anthropological dimension of all these cases shares one denominator, the overcoming of poverty in its mostly intermediate and quotidian form. The name and phenomenon of micro-crediting arrives to compensate the ugly truth of people economic plagues. The figure of Bangladesh scientist Dr. M. Yunus is indispensable for understanding the genetics of this socially relevant economic tool. However, the surface of micro-crediting in such countries as modern Russia, and other post-Soviet countries looks somewhat more gloomy, the remedy, again, could be found in Prof. Yunus ideas. We offer our analysis of the origins of socially relevant micro-crediting in its authentic form introduced by the Bangladesh scientist; and we also discuss the equivocal outcomes of superficial applications of the original social technology and its very frame. We show the arguments, that the original idea of fighting the poverty in its concrete forms is working in other regions and is definitely bound for the search of future beginnings in this direction.Keywords:
Globalization, emerging markets, global entrpreneurs.