Women's empowerment through the development of micro entrepreneurship in rural Bangladesh

Abstract

Existing gender ratio in demographic structure of Bangladesh indicates that women comprise almost 50% of its total population, of whom >80% live in rural areas. Women in rural Bangladesh are considered as a vulnerable group and the poorest of the rural poor. The main objective of this study is to show the process of women's empowerment through the development of micro entrepreneurship in rural Bangladesh. This research is based on the review of study, personal observation and a case study of Grameen Bank and BRAC (Bangladesh Rural Advancement Committee) in four rural areas of Bangladesh. This study has conducted an m-depth interview of 40 women borrowers and 16 branch managers of both Grameen Bank and BRAC. The case analysis shows that microfinance institutions provide poor women with small capital, create an opportunity to conduct small business and assist them to become economically empowered. Women's participation in home typed, traditional business can significantly build social capital, create awareness and enhance their capability to uplift their position. This study also identifies some socio-cultural barriers of women's entrepreneurship in rural Bangladesh and concludes with some suggestions for the improvement of the condition. © Medwell Journals, 2010.