Bangladesh Bank Training Academy Journal

Abstract

Poverty mitigation with microcredit is now growing attention among all evangelists, governments, donors, development agencies and others. The study primarily has been conducted to find out to what extent microcredit can surface the way to alleviate poverty of the Ultra-poor. A large number of hardcore poor are widowed, divorced or abandoned women. The rural poor are largely deserted by formal credit sources. Collateral requirements, complex procedures, poor communications and contemptible banking networks have restricted the availability of credit in the rural areas. Various informal credit sources were accessible to the rural poor, but these sources are still exploitative and inadequate. This paper shows that vulnerabilities and shocks are uncertain and painful phenomenon in the life of the Ultra-poor. The study investigate the impact of Ultra-poor Program of PKSF on increasing income, expenditure, saving, consumption level, wage employment versus self-employment creation, enrollment of the school going children, asset, social dignity, acceptance, vulnerabilities and shocks, crisis coping mechanism, participation of ultra-poor in rural power structure.