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Association For Social Advancement
The Association for Social Advancement is a non-governmental organisation based in Bangladesh which provides microcredit financing. History The association was established in 1978 by Md. Shafiqual Haque Choudhury and a team of people who were then working for other established NGOs,Stiles, K. (2002) International Support for NGOs in Bangladesh: Some Unintended Consequences. World Development. Vol. 30, No. 5, pp. 835–846. but who themselves were arguing for a more radical way to alleviate the exploitation of rural villages caused by the 1971 Bangladesh atrocities.Rutherford, S. (2009) The Pledge: ASA, Peasant Politics and Microfinance in the Development . New York: Oxford University Press. The founding framework of ASA was aimed at empowering rural landless villagers from the "bottom up" through "people's organizations". These were run by volunteers who advocated that a consciousness for solidarity amongst the village poor would lead to collective social action. ASA has currentl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhaka
Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list of cities proper by population density, most densely populated cities in the world with a density of about 34,000 citizens per square kilometers within a total area of approximately 300 square kilometers. Dhaka is a megacity, and has a population of 10.2 million residents as of 2024, and a population of over 23.9 million residents in Greater Dhaka, Dhaka Metropolitan Area. It is widely considered to be the most densely populated built-up urban area in the world. Dhaka is an important cultural, economic, and scientific hub of Eastern South Asia, as well as a major list of largest cities in the Organisation of Islamic Cooperation member countries, Muslim-majority city. Dhaka ranks list of cities by GDP, third in South Asia and 39th in the worl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh
Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by population density, most densely populated with a population of over 171 million within an area of . Bangladesh shares land borders with India to the north, west, and east, and Myanmar to the southeast. It has a coastline along the Bay of Bengal to its south and is separated from Bhutan and Nepal by the Siliguri Corridor, and from China by the List of Indian states, Indian state of Sikkim to its north. Dhaka, the capital and list of cities and towns in Bangladesh, largest city, is the nation's political, financial, and cultural centre. Chittagong is the second-largest city and the busiest port of the country. The territory of modern Bangladesh was a stronghold of many List of Buddhist kingdoms and empires, Buddhist and List of Hindu empir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microcredit
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically do not have access to traditional banking services due to a lack of collateral (finance), collateral, steady employment, and a verifiable credit history. The primary aim of microcredit is to support entrepreneurship, facilitate self-employment, and alleviate poverty, particularly in low-income communities The United Nations declared 2005 as the International Year of Microcredit to raise awareness of microfinance as a strategy for poverty reduction and financial inclusion. By the early 2010s, microcredit had expanded significantly across developing countries, with estimates suggesting that more than 200 million people were beneficiaries of microcredit services worldwide. While widely adopted, the effectiveness of microcredit remains debated, with mixed evidence on its long-term impact on poverty alleviation. Despite its widespread adoption, the impact of microcredit on poverty al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1971 Bangladesh Atrocities
The Bangladesh genocide was the ethnic cleansing of Bengalis residing in East Pakistan (now Bangladesh) during the Bangladesh Liberation War, perpetrated by the Pakistan Army and the Razakars. It began on 25 March 1971, as Operation Searchlight was launched by West Pakistan (now Pakistan) to militarily subdue the Bengali population of East Pakistan; the Bengalis comprised the demographic majority and had been calling for independence from the Pakistani state. Seeking to curtail the Bengali self-determination movement, erstwhile Pakistani president Yahya Khan approved a large-scale military deployment, and in the nine-month-long conflict that ensued, Pakistani soldiers and local pro-Pakistan militias killed between 300,000 and 3,000,000 Bengalis and raped between 200,000 and 400,000 Bengali women in a systematic campaign of mass murder and genocidal sexual violence. West Pakistanis in particular were shown by the news that the operation was carried out because of the 'rebell ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers, with over $600 billion when it filed for bankruptcy in 2008 (equivalent to over $ billion in ). The biggest sovereign default is Greece, with $138 billion in March 2012 (equivalent to $ billion in ). Distinction from insolvency, illiquidity and bankruptcy The term "default" should be distinguished from the terms "insolvency", illiquidity and "bankruptcy": * Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. * Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. * Insolvency: A legal term meani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grameen Bank
Grameen Bank () is a microfinance, specialized community development bank founded in Bangladesh. It provides small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral. Grameen Bank is a statutory public authority. It is originated in 1976, in the work of Muhammad Yunus, a professor at the University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983, the Grameen Bank was authorized by national legislation to operate as an independent bank. In 1998, the Bank's "Low-cost Housing Program" won a World Habitat Award. In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize. The bank's success has inspired similar projects in more than 64 countries around the world, including a World Bank initiative to finance Grameen-type lending systems. History Muhammad Yunus was inspired during the Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit Centre
A profit center is a part of a business which is expected to make an identifiable contribution to the organization's profits. Overview A profit center is a section of a company treated as a separate business. Thus profits or losses for a profit center are calculated separately. A profit center manager is held accountable for both revenue and costs (expenses), and therefore for profits. This means that the manager is accountable for driving the sales revenue generating activities which lead to cash inflows and at the same time controlling the cost-generating activities. This makes the profit center management more challenging than cost center management. Profit center management is equivalent to running an independent business because a profit center business unit or department is treated as a distinct entity enabling revenues and expenses to be determined and its profitability to be measured. Business organizations may be organized in terms of profit centers where the prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-profit Organisations Based In Bangladesh
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance Organizations
Microfinance consists of financial services targeting individuals and small businesses (SMEs) who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance product and services in MFI include: # Savings # Microcredit # Microinsurance # Microleasing and # Fund transfer/remittance. Microfinance services are designed to reach excluded customers, usually low income population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Peck Christen, Robert; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1978 Establishments In Bangladesh
Events January * January 1 – Air India Flight 855, a Boeing 747 passenger jet, crashes off the coast of Bombay, killing 213. * January 5 – Bülent Ecevit, of Republican People's Party, CHP, forms the new government of Turkey (42nd government). * January 6 – The Holy Crown of Hungary (also known as Stephen of Hungary Crown) is returned to Hungary from the United States, where it was held since World War II. * January 10 – Pedro Joaquín Chamorro Cardenal, a critic of the Nicaraguan government, is assassinated; riots erupt against Anastasio Somoza Debayle, Somoza's government. * January 13 – Former American Vice President Hubert Humphrey, a Democrat, dies of cancer in Waverly, Minnesota, at the age of 66. * January 18 – The European Court of Human Rights finds the British government guilty of mistreating prisoners in Northern Ireland, but not guilty of torture. * January 22 – Ethiopia declares the ambassador of West Germany ''persona non grata''. * January 24 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
