Empowerment through Microcredit: An Examination of Grameen Bank Model in China
DOI:
https://doi.org/10.54097/hbem.v20i.13040Keywords:
Grameen Bank's Microcredit Model; Regional Economic Development; Women's Entrepreneurship; Poverty Alleviation.Abstract
This study explores the application of Grameen Bank’s microcredit model in China and its potential impact on regional economic development. The model, which primarily targets impoverished and marginalized groups, especially women, has been instrumental in providing financial services to those who are typically excluded from traditional banking systems. By offering microloans, Grameen Bank has facilitated entrepreneurship among women, thereby contributing to sustainable rural development and alleviating poverty. This work delves into the historical and present context of the model, comparing its implementation between Bangladesh, its origin country, and China. Furthermore, it presents case studies from Lukou Village in Jiangsu Province to illustrate how women's entrepreneurship loans have empowered women and affected regional economic development. In conclusion, the paper highlights the challenges and suggests improvements for the Grameen model’s application in China.
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