Regulated Microfinance in Bangladesh- Prosper and Challenges

Syed Lutful Kabir Chowdhury


Bangladesh is the founder of microfinance and have passed three decade of its success without any regulation. Microfinance Institution (MFI) becomes under regulation through act no 32 of 2006 as Microcredit Regulatory Authority (MRA) and already has passed six year. The article aims to know the opportunity and challenges of regulation in microfinance of Bangladesh. This is an analytical article based on secondary data from the different sources. Microcredit regulatory act 2010 is the main focus of the article. Some data has been analyzed using statistical method. The analysis has found that, regulation is very fruitful and effective for Bangladeshi MFIs. Regulatory body has addressed on the maximum area including governance, security of the depositors, monitoring and reporting also. But from the global experience we found here some probable area has not been addressed yet. Besides the fruitful regulation, few challenges are exist to overcome. Some initiative and policy be able to more strengthen the regulatory framework.


Microcredit Regulatory Authority (MRA), Governance, Microfinance Institution (MFI), Regulatory act, Policy

Full Text:


Copyright (c) 2014 Syed Lutful Kabir Chowdhury

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.


All published Articles are Open Access at 

Paper submission: