ISSN : 1997-1052 (Print)
2227-202X (Online)
 
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Participatory Market Research for Micro Finance of Street Children
A.K.M. Jamal Uddin, Hassan Imam Khandaker
Abstract

This study attempts to dissect the emerging notion ‘micro-finance’ that has achieved importance to study the livelihood strategies of street children in both developed and developing countries. Destitute and deprived street children are continually fighting to earn livelihood and try to support their family. Devoid of proper management, they cannot properly utilize their earned money and face severe economic hardships during off earning seasons and emergency periods. Their financial crisis forces them to allure by sundry criminal groups to entangle in socially abominable offensive activities that increase the threats and risks to their life. This paper has attempted to analyze how the provision of financial services to the poor brought about enormous success to their lives, enhancing their economic capacities and giving them the opportunity to save their future by themselves, rather than being the passive recipients of aid. In such a perspective, microfinance appears to be an appropriate tool for street children, as long as its limitation is taken into consideration. Indeed, this innovative approach, essential for giving a better future to street children, remains only as an intervention tool. This study follows diverse techniques of PRA such as seasonal income, expenditure, savings and credit, seasonally migration, financial service matrix, life cycle, time series of assets acquisition and ownership and Focus Group Discussion (FGD) to gather information. For this purpose, individual cases were also selected purposively from different areas of Dhaka city. Finally, this paper attempts to unearth the apparent nature of economic behavior, demands and needs of children those who live on the street.

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