This paper addresses whether microcredit participants in Bangladesh are trapped in poverty and debt, as many critics …, invest in children's schooling, and be lifted out of poverty. This is not to say that non-participants have failed to … of poverty reduction have been higher for participants. Testing the net effect of microcredit programs requires applying …

Microfinance is often criticized for not adequately addressing seasonality and hard-core poverty. In Bangladesh, a … and extreme poverty. Although the program has demonstrated its promise, it is too early to conclude whether the accrued … benefits are large enough to contain both seasonal and chronic poverty on a sustained basis …