Role of microcredit and community-based organizations in a wetland area in Bangladesh

In: http://hdl.handle.net/1993/4514

Abstract

Microcredit has been considered one of the most significant innovations in the field of development in the last thirty years. It provides collateral free financial resources to the poor worldwide. It plays an important role in poverty eradication, socio-economic development, livelihood diversification and women empowerment especially in the developing and under-developed nations. It has contributed positively to the natural resources management by forming social capital, creating alternate income and diversifying livelihoods of the resource dependent rural people. Natural resource management, in general, and fisheries resources management in particular, are currently undergoing a major paradigm shift. In recent years, the notion of government as the only decision-making authority has been replaced by multi-scale, polycentric governance, which recognizes that a large number of stakeholders in different institutional settings contribute to overall management of resources. Improving the management of natural or common pool resources and empowering local communities, community-based management has become a common strategy in the last two decades. Community-Based Organizations are grassroots institutions that involve rural communities in co-management. Several factors influence the functioning and sustainability of these CBOs which contribute to the management of common-pool resources in Bangladesh. To address the complexities of socio-cultural systems and sustainable natural resource management, managers, practitioners, and theoreticians widely rely on social learning. The evidence of social learning is apparent in collaborative participation and group actions where individuals meet, interact, share ideas, learn collectively and take collective decisions. They adjust the management approaches and change their perceptions according to their social learning in natural resources management. The purpose of the research was to assess the role of microcredit in improving rural livelihoods (mainly fishing households), ...