ABSTRACT
The programmatic success of the bank has internationalized the microcredit concept and has made microlending initiatives for poor people, specifically for women, a new paradigm to achieve the goal of equitable and sustainable development. Microcredit is a widely discussed topic among academics in the field of equitable and sustainable development, development workers, and development critics. The chapter suggests that women become the primary target of the microcredit program because of their positional vulnerability; they are seen as submissive, shy, passive, immobile, and easy to discipline. The primary concern of the different schools addressing women’s issues in development has so far been the incorporation of women in economic development within the neoliberal agenda. The Grameen Bank has shown past capacity to bring changes in its policies; it therefore holds the promise to incorporate the policy recommendations of this research for the betterment of the institution and its poor borrowers.
