Challenges of Small Enterprise Beneficiaries of Palli Daridro Bimochon Foundation: An Organization Work for Rural Development in Bangladesh

Abstract

The major purpose of the study is to determine the extent of the problems faced by the small enterprise beneficiaries of Palli Daridro Bimochon Foundation (PDBF) on their socio-economic development and to explore the relationships between the socio-economic characteristics of the small enterprise beneficiaries and their problem. A total of 838 small enterprise beneficiaries of four upazilas under 55 districts of PDBF constituted the population of the study. A face to face interview survey was conducted to collect data from the randomly selected 271 respondents. The major proportion (61.62 percent) of the small enterprise beneficiaries faced medium problems in their socioeconomic development, while 19.56 percent faced high and 18.82 percent faced low problems. An overwhelming (81.18%) majority of small enterprise respondents of PDBF faced medium to high problems faced. Among fourteen problems, a high rate of interest was ranked 1st, followed by inadequate loan amount as per demand and duplication of business in the same business area. Correlation analysis revealed that length of involvement, savings deposit, loan availability, satisfaction towards loan received condition, and attitude towards Small Enterprise Loan Program (SELP) of PDBF were significantly associated with the problems of small enterprise respondents. Therefore, it may be recommended that the PDBF authority should consider the significant factors to reduce the respondents’ problem and to maximize their socioeconomic development.