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ISSN: 1553-345X (Print)
ISSN: 1558-3910 (Online)
Research Article Open Access

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

Abul Bashar Bhuiyan1, Chamhuri Siwar1, Abdul Ghafar Ismail2 and Md. Aminul Islam3
  • 1 Universiti Kebangsaan Malaysia (UKM), Malaysia
  • 2 Natio Universiti Kebangsaan Malaysia (UKM), Malaysia
  • 3 Universiti Perlis Malaysia, Malaysia

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.

American Journal of Environmental Sciences
Volume 8 No. 3, 2012, 328-333

DOI: https://doi.org/10.3844/ajessp.2012.328.333

Submitted On: 10 November 2011 Published On: 15 June 2012

How to Cite: Bhuiyan, A. B., Siwar, C., Ismail, A. G. & Islam, M. A. (2012). Microfinance and Sustainable Livelihood: A Conceptual Linkage of Microfinancing Approaches towards Sustainable Livelihood. American Journal of Environmental Sciences, 8(3), 328-333. https://doi.org/10.3844/ajessp.2012.328.333

Open AccessCopyright: © 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.

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Keywords

  • Microcredit and microfinance
  • sustainable livelihood
  • qard-al-hasan