Early findings from a study of influences on financial decision-making in a chronically poor rural area of Bangladesh

Laurel Jackson

Early findings from a study of influences on financial decision-making in a chronically poor rural area of Bangladesh

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

Abstract

This paper reports on early findings from a study of the influences on financial decisionmaking in a chronically poor rural area of Bangladesh. Findings indicate that financial decisions to take up microfinance loans from NGO's are the result of significant financial pressures and are done so for income smoothing purposes, rather than for investment in new income streams. The households who utilise microloans for purposes other than new entrepreneurial ventures are experiencing escalating "debt spirals" which gives rise to increased financial vulnerability. These findings raise questions about the sustainability of microloans as a means of poverty alleviation.

Original language	English
Title of host publication	Proceedings of the Australian & New Zealand Marketing Academy (ANZMAC) Conference 2009: Sustainable Management and Marketing, 30 November-2 December 2009, Melbourne, Australia
Publisher	ANZMAC
Number of pages	7
ISBN (Print)	1863081585
Publication status	Published - 2009
Event	Australian & New Zealand Marketing Academy. Conference - Duration: 3 Dec 2012 → …

Conference

Conference	Australian & New Zealand Marketing Academy. Conference
Period	3/12/12 → …

Keywords

finance, personal
decision making
rural poor
consumer behavior
Bangladesh

Cite this

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title = "Early findings from a study of influences on financial decision-making in a chronically poor rural area of Bangladesh",

abstract = "This paper reports on early findings from a study of the influences on financial decisionmaking in a chronically poor rural area of Bangladesh. Findings indicate that financial decisions to take up microfinance loans from NGO's are the result of significant financial pressures and are done so for income smoothing purposes, rather than for investment in new income streams. The households who utilise microloans for purposes other than new entrepreneurial ventures are experiencing escalating {"}debt spirals{"} which gives rise to increased financial vulnerability. These findings raise questions about the sustainability of microloans as a means of poverty alleviation.",

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author = "Laurel Jackson",

year = "2009",

language = "English",

isbn = "1863081585",

booktitle = "Proceedings of the Australian & New Zealand Marketing Academy (ANZMAC) Conference 2009: Sustainable Management and Marketing, 30 November-2 December 2009, Melbourne, Australia",

publisher = "ANZMAC",

note = "Australian & New Zealand Marketing Academy. Conference ; Conference date: 03-12-2012",

}

Jackson, L 2009, Early findings from a study of influences on financial decision-making in a chronically poor rural area of Bangladesh. in Proceedings of the Australian & New Zealand Marketing Academy (ANZMAC) Conference 2009: Sustainable Management and Marketing, 30 November-2 December 2009, Melbourne, Australia. ANZMAC, Australian & New Zealand Marketing Academy. Conference, 3/12/12.

Early findings from a study of influences on financial decision-making in a chronically poor rural area of Bangladesh. / Jackson, Laurel.
Proceedings of the Australian & New Zealand Marketing Academy (ANZMAC) Conference 2009: Sustainable Management and Marketing, 30 November-2 December 2009, Melbourne, Australia. ANZMAC, 2009.

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

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AB - This paper reports on early findings from a study of the influences on financial decisionmaking in a chronically poor rural area of Bangladesh. Findings indicate that financial decisions to take up microfinance loans from NGO's are the result of significant financial pressures and are done so for income smoothing purposes, rather than for investment in new income streams. The households who utilise microloans for purposes other than new entrepreneurial ventures are experiencing escalating "debt spirals" which gives rise to increased financial vulnerability. These findings raise questions about the sustainability of microloans as a means of poverty alleviation.

KW - finance, personal

KW - decision making

KW - rural poor

KW - consumer behavior

KW - Bangladesh

UR - http://handle.uws.edu.au:8081/1959.7/uws:33271

M3 - Conference Paper

SN - 1863081585

BT - Proceedings of the Australian & New Zealand Marketing Academy (ANZMAC) Conference 2009: Sustainable Management and Marketing, 30 November-2 December 2009, Melbourne, Australia

PB - ANZMAC

T2 - Australian & New Zealand Marketing Academy. Conference

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ER -

Early findings from a study of influences on financial decision-making in a chronically poor rural area of Bangladesh

Abstract

Conference

Keywords

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