American Journal of Environmental Sciences

Microfinance and Sustainable Livelihood: A Conceptual Linkage of Microfinancing Approaches towards Sustainable Livelihood

Abul Bashar Bhuiyan, Chamhuri Siwar, Abdul Ghafar Ismail and Md. Aminul Islam

DOI : 10.3844/ajessp.2012.328.333

American Journal of Environmental Sciences

Volume 8, Issue 3

Pages 328-333

Abstract

The aim of this study is to discuss about the conceptual explanation of microcredit and sustainable livelihood Moreover, this study also described about conceptual linkages of microcredit towards a sustainable livelihood framework. The study found that the providing accesses of microfinancing are potentially working in the way of ensuring sustainable livelihood of the poor women in the world. The study recommended that zakat based Islamic mode of financing and Qard-al-Hasan on the basis of spiritual values would be an alternative model for poverty alleviation and ensuring sustainable livelihood.

Copyright

© 2012 Abul Bashar Bhuiyan, Chamhuri Siwar, Abdul Ghafar Ismail and Md. Aminul Islam. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.