What is it about?
The article discusses how disciplinary power is applied to microcredit programmes in Bangladesh to recover loans to the fullest. The microcredit NGOs such as Grameen Bank and BRAC boast of 100 percent loan recovery. The disciplinary power they use in this case denies the real economic benefits of the clients who are marginalised and poor communities of people. The clients cannot get out of a kind of "poverty trap" because of institutional bindings.
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Why is it important?
The article is important to learn the secret of the microcredit NGOs with regard to loan recovery. It shows the real-life experiences of the clients of NGOs such as Grameen Bank and BRAC in case of loan repayment. What the inner critical dynamics they encounter is focused on. It may be a good read.
Perspectives
It is a critical study of the microcredit NGOs programmes and operation. It demonstrates how poor people are systematically disciplined and bound with institutional norms and practices. You can learn loan recovery policy and practice deeply just by reading a few pages of this paper.
Dr. Md Nazrul Islam
Shahjalal University of Science and Technology
Read the Original
This page is a summary of: The application of Foucault's disciplinary power to microcredit programmes in two villages of Sylhet, Bangladesh, Development in Practice, July 2019, Taylor & Francis,
DOI: 10.1080/09614524.2019.1635568.
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