Logistics and Supply Chain Management at Wal-Mart Coursework

Logistics and Supply Chain Management at Wal-Mart - Coursework Example Wal-Mart is known for its price leadership strategy and strives to provide customers with quality products and services at the cheapest possible price which is in tune with its famous strategy of ‘Every Day Low Price’ (Popularly referred as EDLP). The strategy of low price is in turn aligned with Sam Walton’s strategy of helping people save money. Wal-Mart presently provides goods at the cheapest possible price and has positioned itself as a price leader in the mind of the customers.Against the backdrop of this bold positioning strategy lies an efficient and technology-driven logistics management which has provided the firm with advantages like cost reduction to an extent that it is able to provide the best quality products at the cheapest price in the market. Logistics form the USP of Wal-Mart. Its supply chain initiatives involving the latest technology like RFID, cross-docking aided by an efficient integration of all its business processes using Enterprise Reso urce Planning have created benchmarks for the company. The efficiency of logistics management of the firm could be analyzed from the fact that its logistics management model has become the benchmark in the global retail and logistics industry. The distribution centers of Wal-Mart which are the backbone of its supply chain management strategy are considered to be the most advanced technologically. Presently Wal-Mart has more than 40 regional centers for distribution with each center spreading over one million square feet on an average.

Aalto university Essay Example for Free

Aalto university Essay Student reports serve as an important source of information for potential outgoing exchange students in regards to the various exchange programs available to GSOM students. An individual’s study abroad experience is as unique as the exchange programs provided by GSOM. As every report will be available for viewing at the GSOM website, these contributions will aid in the decision-making process for future outgoing exchange students. The topics below are meant as an aid only. Students are encouraged to use their imagination, while remaining as specific and detailed as possible. The use of pictures, articles from different sources or any other materials that would contribute to the report would be of great use to these reports. Please send your reports and any other supporting materials to GSOM International Office by e-mail [emailprotected] pu. ru FOR REGISTRATION: Skvorcova Ekaterina Your host university: Aalto University School of Business Your study program at GSOM: Master in Corporate Finance Your level and year (for ex. : bachelor, 3rd yr. ): 2nd year Master The semester and year that you studied abroad: Fall 2012. See more:  First Poem for You Essay BEFORE DEPARTURE WHAT DO YOU WISH THAT YOU HAD KNOWN BEFORE LEAVING FOR YOUR HOST SCHOOL? INVITATION/VISAS Firstly I received a letter from my host university, it offered me to fill an application form with approximate choice of courses. Then I was offered to book an accommodation and only after it Aalto University sent me an invitation for visa. It was worth asking them to scan it, because by post it took 3 months. The cost of visa is 250â‚ ¬, it’s called a permission for living, it was done in 3 weeks. For this permission one needs valid  passport, 4 photos, insurance and an invitation from Aalto University. AFTER ARRIVAL INTERNATIONAL SERVICES Helsinki Assosiation of Business students is known for its reliability. They’re called ‘buddies’. They organize plenty of programs for incoming students – picking-up service, parties, travels and so one. I really liked Walrush Day, Sport Days and some parties orgabized by KYY Assosiation. INTERNATIONAL INTRO WEEK? Unfortunately my permission for living was giving to me from 8th of September, but an Orientation Day was held the day before. I heard, that Orientation program took a few days or one weekend, where all incoming students had possibility to know the University, city center and each other. CULTURE SHOCK My host University were really helpful, every professor or coordinator were eager to help with every problem. As for culture shock, it was not so severe, because our nordic cultures are similar somehow. CAMPUS FACILITIES Comparable with GSOM facilities, the building is not so pretty, but all the services are the same – Wi-Fi access, computer access, library. It was not necessary to bring your own computer. ACADEMICS COURSES Every semester consists from 2 parts – for example, fall semester, the 1st part – from 10th of September till 22th of October, the 2nd part – till 15th of December. Before the beginning of each part a student have some time to choose courses, definitely, it’s worth not wasting your time and register for them in the very first day of registration. Needles to say, one should read carefully the description of the courses and priority of students, I was rejected to registration of two courses, because one of them was only for CEMS and another for finnish students as priority audience. Finally I passed 4 courses: New Product Development, Behavioral Finance and Decision Making, Management and Strategy Making, and Spanish Business Communication. In general the workload is not heavier comparable with GSOM, but it depends on the courses and teacher’s methods. TEACHING The style of teaching is not dramatically different from GSOM one, the material is covered sometimes more deeply, speed is lower. Quality of teaching is perfect, class participation is obligatory. Style of teaching is mixed with seminars, lectures, a lot of group projects. EXAMS I’ve taken 3 common exams and 1 book exam. If you have less time, it’s better to pass a book one, moreover you have 3 chances to pass them. CORPORATE CONTACT AND INTERNSHIPS Was there a strong corporate presence at your host university? Were you able to use the host schools career services and were there any internship opportunities? LANGUAGE COURSES If your exchange period is less than half a year it’s not worth studying Finnish, because it’s quite complicated. But Aalto University offers a lot of other opportunities for you with foreign languages such as Spanish,  German, French mostly with native speakers in a very interactive mode. HOUSING FACILITIES One of the first steps in filling the documents was choosing my accommodation. Aalto is a partner with HOAS which offers different kinds of accommodation for incoming students, you can choose whatever you want. I’ve chosen a room in 5 km from University, almost in the Center (5 min by train), it costs 390â‚ ¬ per month. COSTS/EXPENSES †¢ accommodation 390â‚ ¬ per month †¢ textbooks everything you can find in a library †¢ local transportation (buses, trains) 22â‚ ¬ per month. †¢ food/groceries (is this more or less RUR than in St. Petersburg? ) 200â‚ ¬ per month †¢ entertainment – very expensive BANKING If your stay in Helsinki is less than 2 years it’s not worth to open up a bank account, because in this case it would be not free, you can easily use your Russian bank account, everywhere you can pay using it. Finnish people use cash very rarely, so it’s not worth taking a lot of cash, just for the case when something is wrong with your bank account. STUDENT HEALTH SERVICES There is a health care insurance for all students who buy a student card, I’ve never used it. It costs 50â‚ ¬. SOCIAL EVENTS I’ve noticed that mostly exchangers associate mostly with domestic students rather than with others. It’s good to join KYY Association, they offer a lot of entertainment. SPORTS/RECREATION Unisport (gym + group trainings) is the best way to keep fit here, it’s not so expensive for students (42â‚ ¬ per 3 months) STUDY TOURS/FIELD TRIPS Excursions are not mandatory, their duration depends on the place. It’s good to know that everything is twice more expensive. WHAT TO BRING Laptop, camera, sleeping bag (for trips). GENERAL IMPRESSIONS The school is really worth visiting with all of their facilities, exchange students are crazy that’s why your stay will be unforgettable, but as for me Finland is not so friendly. REPORT CARD On a scale from 1- 5 (with 5 being best, 3 being acceptable) rate your host university on: 3 Academic value of your stay: 4 The experience in general: 4 Are you willing to give us permission to list your e-mail address at the end of this report so that students can contact you if they have questions? [emailprotected] ru.

Free College Essays - Chaos in The Sound and the Fury :: Sound and the Fury Essays

The Sound and the Fury - Chaos A key theme in William Faulkner’s novel The Sound and the Fury is the deterioration of the Compson family. May Brown focuses on this theme and explains that Quentin is the best character to relate the story of a family torn apart by† helplessness, perversion, and selfishness.† In his section, there is a paradoxical mixture of order and chaos which portrays the crumbling world that is the core of this novel. The most important element in Quentin’s section is his obsession with time. To Quentin. time is torturous and destructive. He blames time for his loss of Caddy to sin and hence for his own suffering. Quentin becomes obsessed with avoiding time and attempts to avoid all implements which tell time. When he realizes that he has about as much chance of escaping time as stopping Caddy from losing her virginity, he tries to defeat time by destroying himself Therefore, at the end of his section, he commits suicide. Another significant element to look at in Quentin’s section is his imagery. For one, â€Å"the mirror† constantly creeps up in Quentin’s mind and is a symbol of Quentin’s inability to look at Caddy’s marriage directly. Moreover, Quentin always sees Caddy as â€Å" confined â€Å"in the mirror because this is his illusion of her childhood purity. He cannot accept that she has crossed the threshold into maturity. Doors are another important image in Quentin’s section. They portray Caddy’s actual entry into the world of maturity - a notion which Quentin refuses to accept. Water, as well, is alluded to often. It represents Quentin’s understanding of the knowledge of good and evil which he constantly tries to deny and his obsessions with sex and mortality. It is in water that Quentin finally decides to take his own life. Throughout Quentin’s section there are a number of grammatical errors, unfinished sentences, fragmented thoughts, and repeated phrases. These intentional â€Å"mistakes† are an essential part of Quentin’s narrative. They help depict Quentin’s madness and the confused state which he is in on the day of his suicide. We see from his thoughts and memories that he has become just as cynical and fatalistic as his alcoholic father who says, no battle is ever won.

Impact of Micro Enterprise Loan of Developments of Micro Enterprises in Bangladesh

Table of Contents 1Introduction:6 1. 1Objectives:6 1. 2Scope of the Study:7 1. 3Methodology and Data Collection:8 1. 4Limitations:11 2Institute of Microfinance (InM)13 2. 1Vision:13 2. 2Mission:13 2. 3Governance:14 2. 4Governing Body14 2. 5Current Governing Body of InM14 2. 6General Body15 2. 7Activities of the Institution:16 2. 8Research:16 2. 9Trainings:17 3Evaluation and Development of Microfinance Sector:20 4The Microfinance Sector In Bangladesh:25 4. 1The Microfinance Regulation:26 4. 2The Microfinance Institutions:28 4. 3Microfinance Delivery Mechanism:29 4. 4Microfinance Products:30 Trends and Growth of Microfinance Program of MFIs:35 5. 1Employment and Gender35 5. 2Membership in MFI-NGOs37 5. 3Trends in Lending Behavior39 5. 4Intensity in Number of Loans:41 5. 5Loans Disbursement:41 5. 6Average Size of Loans Disbursed:41 5. 7Recovery Rate:42 5. 8Loans Outstanding:44 5. 9Trends in Savings Mobilization46 5. 10Net Savings per Member:46 5. 11Savings withdrawal Rate:49 5. 12Financ ing of Loans: Loan Revolving Fund50 6Microenterprise in Bangladesh54 6. 1Definition of Microenterprise:54 6. 2Role of Microenterprise in the Present Context of Economy:55 Microenterprise Loan Demand Side Analysis59 7. 1Education:59 7. 2Sources of Finances:59 7. 3Number of Employees or Labor:60 7. 4Business Plan:61 7. 5Governmental Aids and Regulations:61 7. 6Financial Institutions:61 8Microenterprise Loan Supply Side Analysis64 8. 1Major Providers of Microenterprise Loan:69 8. 1. 1Bangladesh Extensions Education Services:69 8. 1. 2Objectives69 8. 1. 3Achievement70 8. 2BURO Bangladesh72 8. 3Grameen Bank:73 8. 3. 1Eligibility:74 8. 3. 2Terms and conditions:74 8. 3. 3Sectors covered:74 8. 3. 4Overview of microenterprise loan of Grameen Bank74 8. ASA Bangladesh:76 8. 4. 1Small Business Loan Program:76 8. 4. 2Small Entreprenuer Lending:76 9Impact of Microenterprise loan on Income generation78 9. 1Impact of Microcredit lending on the revenue of the microenterprises:78 9. 1. 1Hypothesis:78 9. 1. 2Model:78 9. 1. 3Analysis:78 9. 1. 4Findings:79 9. 2Impact of Loan Amount on the Microenterprise Revenue:80 9. 2. 1Hypothesis:80 9. 2. 2Model:80 9. 2. 3Analysis:80 9. 2. 4Findings:81 9. 3Impact of Training on the revenue of the microenterprises:82 9. 3. 1Hypothesis:82 9. 3. 2Model:82 9. 3. 3Analysis:82 9. 3. 4Findings:84 10Case Study:86 0. 1Success Story86 10. 2Failure Story91 11Conclusion and Recommendations:97 List of Tables and Figures: Table 1: Staff Strength and Growth of MFI-NGOs35 Table 2: Growth of Membership38 Table 3: Borrower and Member Ratio (%)39 Table 4: Average Loan Size (Tk)41 Table 5: Loan Portfolio Quality through recovery Rate41 Table 6: Loan Portfolio Quality – Overdue in Loans Outstanding42 Table 7: Loan Performance through Outstanding Loan Size (Tk. )43 Table 8: Net Savings Performance46 Table 9: Savings Withdrawal Rate (%)48 Table 10: Distribution of Cumulative Loan Fund by Sources50 Table 11: Sources of Finance of Microenterprises58 Table 12: Distribution of Loan by Stated Purpose:63 Table 13: Change in the Distribution of Loan by Stated Purpose:64 Table 14: Micro Enterprise Loan in Various Sectors (July 2008-June 2009) by BEES71 Table 15: Loan Disbursements by BURO72 Table 16: Microenterprise Loan by GB73 Table 17: Loan Disbursed to Male Borrower by GB74 Table 18: Loan Disbursed to Female Borrower by GB74 Figure 1: Percent distribution of Staff of MFI-NGOs by gender 200935 Figure 2: Percent distribution of Staff of MFI-NGOs by gender 200835 Figure 3: Trend in Credit Staff of MFI-NGOs36 Figure 4: Percent Distribution of Membership in MFI-NGOs by Rural and Urban Areas in 200936 Figure 5: Percent Distribution of Membership in MFI-NGOs by Rural and Urban Areas in 200836 Figure 6: Trend in Membership by Location of MFI-NGOs37 Figure 7: Distribution of Growth of Membership37 Figure 8: Loan Outstanding43 Figure 9: Loans Outstanding Per Borrower by Gender44 Figure 10: Loans Outstanding Per Borrower by Location45 Figure 11: Trends in Net Savings per Member by Gender46 Figure 12: Trends in Net Savings per Member by Location47 Figure 13: Percent Distribution of Loans by Stated Purposes in 200965 Figure 14: Percent Distribution of Loans by Stated Purposes in 200865 Figure 15: Percent Distribution of Loans by Stated Purposes in 200766 Figure 16: Percent Distribution of Loans by Stated Purposes in 200666 Figure 17: Trend of Microenterprise Loan Along with Total Loan:67 Figure 18: Microenterprise Loan as Percentage of Total Loan:68 Introduction: The magnitude of micro-entrepreneurial activities plays a decisive role in the economic development of the rural livelihoods, especially in third world countries. Micro-entrepreneurship has always been considered as a proven instrument to fight poverty in an effective manner. As a consequence, poverty alleviation through rural centric microentrepreneurship development has been focused for more than the last thirty five years in Bangladesh. This development of micro-credit programs and micro-enterprise in Bangladesh has emerged as a major strategy for the alleviation of poverty and unemployment that continue to pose problems to the economic and social development in the country. Government and non-governmental organizations (NGOs) have adopted several approaches and strategies to overcome these issues. Relying on peer pressure from borrower group members rather than on collateral for repayment, micro-credit operation in Bangladesh has been a sustained success story, efficiently recycling lending resources with increasing disbursements, high recovery and a low rate of late payment, making a significant contribution to micro-enterprises with income and employment generation, and private sector enterprise development. The objective of the study is to examine the impact of micro-credit on micro enterprises and provide an overall analysis of the micro credit program in Bangladesh and their role in developing microenterprises in Bangladesh. The micro-credit programs have been developed with the aims of the provision of credit to the poor and the development of micro-enterprises through rural women, with the ultimate goal of the alleviation of poverty in the country. Objectives: The main concern of the study is to develop a clear understanding about the role of microfinance institutions in developing microenterprises in Bangladesh. So, the study mainly focuses on the microenterprises & microfinance institutions of Bangladesh and how the MFIs are functioning to develop the microenterprise of Bangladesh. To find out this the paper will look into the various aspects of the microenterprise and microenterprise loans and the providers of such loan. This study will try to fulfill the following objectives. 1. To have an overview of the history of microfinance in Bangladesh: Under this objective I will try to gain understanding about different development phases through which the microfinance sector of Bangladesh has reached to current position. . To develop a clear insight about the microfinance sector of the Bangladesh: In this part I will focus on various institutional frameworks of microfinance sector, its rules and regulation, microfinance mechanism and various institutions working in this sector. 3. To analyze the recent development of the microfinance sector of Bangladesh: This part of the study will focus on the recent development of microfinance sector based on data from 2007-2009. The part will try to reveal recent status of microfinance sector by evaluating various aspects. 4. To study the market and reveal the actual demand scenario for microenterprise loan. An overview of the demand scenario of the microenterprise loan will be presented in this part, this will focus on the sources of microenterprise capital to have demand scenario of microenterprise loan. 5. To investigate the current supply scenario of the microenterprise loan: By analyzing previous and current data a brief scenario of the supply condition of microenterprise loan will be made in this part. A study on the major providers of microenterprise loan will also e done. 6. To exhibit the impact of microenterprise loan on the income of the borrower: A statistical analysis will be made to find out the impact of microenterprise loan on the borrowers income and consumption. Scope of the Study: As the title of the study suggests, the study will evolve around the microfinance sector of the Bangladesh as well as their role in providing finance to microenterprises. So, it can be said that it will cover the whole microfinance sector of Bangladesh with emphasis on microenterprise loan. A thorough analysis will basically cover * The emergence and development of microfinance sector in Bangladesh * Its various aspect, rules & regulation * Procedure and mechanism for providing microfinance * Recent development, present scenario and trend in microfinance * Sector wise comparisons on various aspects * Opportunities for development * Major providers of microfinance and their role in providing microenterprises loan, * Demand side and supply side analysis of microenterprise loan * Impact of microenterprise loan on the income and consumption of the microenterprise owners. * Case study Methodology and Data Collection: Both the qualitative and quantitative analysis will be done in the study. For selecting methodology I divided the whole report into six major parts. Each part will grow depending on different methodology. In the following part I will describe the methodology for each part independently. Part 1: Analysis of the Microfinance sector of Bangladesh This part will totally done by analyzing secondary data. In the first segment of the part the history of microfinance will be described and a brief overview of the development of microfinance sector from the beginning to the 21st century will be made. In this segment I will mainly focus on the four development phase of microfinance sector namely action research phase in the 1970s, micro credit development phase in the 1980s, consolidation phase in the 1990s and expansion phase from 2000 onwards. In the next segment I will describe the microfinance sector with an overall description about the microfinance regulation, the microfinance Institutions, microfinance delivery mechanism and microfinance products. In the last and final segment of this part I will show the trend analysis of the microfinance sector for the last three years. I will use extensive table, charts and graphs to explain the trends that were prevailing in the sector. I will cover the following areas in the trend analysis part; employment and gender, membership in MFI-NGOs, trends in lending behavior, trends in savings mobilization, financing of loans, loan revolving fund etc. Part 2: Microenterprises in Bangladesh This part is also depended totally on secondary sources of data. The central point of this part is microenterprises in Bangladesh. Here I will provide the definition of microenterprise in Bangladesh and the role of microenterprises in present economic context. Part 3: Demand Side Analysis This part will use primary data to collect information about the demand side of the microenterprise loan that is owner of microenterprises. For the analysis data are collected from the primary sources. For the study 120 owner of micro enterprises are selected from different areas of Bangladesh. Out of these 120 businessmen 30 are collected from Dhaka City, 30 from Chandpur and Comilla District, 30 from Chittagong City and 30 from Sylhet city. The businesses which have capital up to $10,000 are selected for this study. For better analysis of true picture of micro enterprises, businesses that are started within 5 years are selected. Most of the selected businesses are grosser shop (50), readymade garments shop (30), big poultry shops (10), libraries and educational shops (30). Data are collected by two ways – questionnaire and personal interview. Part 4: Supply Side Analysis Secondary information from various printed materials i. e. publications and websites are used to collect data for this part. In this part I will provide segment wise microfinance distribution by the MFIs of Bangladesh for the last three years. I will also provide the trend of microenterprise loan and changes in the amount of loan disbursed by the MFIs from year to year. In this part I will also provide information about the big four institute of microenterprise loan providers with a descriptive analysis of their microenterprise loan scheme. Part 5: Impact Analysis of Microenterprise Loan These parts will analysis the impact of microenterprise loan on the income and consumption of the borrower. For the analysis I will use Ordinary Leas Square Method for analyzing impact. The data will be collected from the survey data provided by Institute of Microfinance to me for this purpose. In the data set I have information about both the borrower and non borrower of microenterprise loan. So I have decided to define models for impact assessment. Effect of Borrowing: In the first model I want to use Income from the microenterprise as a dependent variable and starting assets of the microenterprise (i. e. land, building etc. & borrower or non-borrower as dependent variable to find out whether the borrower has more capacity to generate more income. Hypothesis: H1= Borrower of microenterprise loan are able to generate more income than non-borrower H0= Borrower of microenterprise loan are not able to generate more income than non-borrower Model: Ii =? + ? 1li + ? 2ei + ? 3bi + ? 4oi + ? 5bri Here, I= Income from the Microenterprise l = Land e = Equipment b = Buildings o = Others assets br = Borrower or Non-borrower (dummy variable) Effect of Loan Amount: On the other hand I also want to find out is the amount of microenterprise loan effect the income of the borrowers. For this I want to use income from microenterprise as dependent variable and starting assets and amount of loan s independent variable. Hypothesis: H1 = Loan amount has a positive effect on borrower’s income H0 = Loan amount has a negative effect on borrower’s income Model: Ii =? + ? 1li + ? 2ei + ? 3bi + ? 4oi + ? 5 lni Here, I= Income from the Microenterprise l = Land e = Equipment b = Buildings o = Other assets ln =Borrowed amount Effect of Training: To find ou t if training has any impact on the earnings of the microenterprise owners I here develop a model where I tried to figure out the relationship between training and income of the microenterprises. In this purpose I used the same model used for loan amount but I include one more independent variable that is training (dummy yes or no). Hypothesis: H1 = Training has positive effect on borrower’s income H0 = Training has negative effect on borrower’s income Model: Ii =? + ? 1li + ? 2ei + ? 3bi + ? 4oi + ? 5 lni + ? 6 ti Here, I= Income from the Microenterprise l = Land e = Equipment b = Buildings o = Other assets ln =Borrowed amount t = Training (dummy) Part 6: Case Study: In this part I will describe two successful and two unsuccessful case of microenterprise loan. I will provide will brief description of the project and reasons for success or failure will be provided. Limitations: Paucity of resources and lack of capacity were the main limitations for the study. However, restricted by these limitations I have tried to give my best effort to prepare the report. Overview of the Organization ————————————————- Institute of Microfinance (InM) Institute of Microfinance (InM) is a non-profit organization established primarily for meeting research and training needs of national as well as global microcredit programs. It endeavors to enhance and improve the microfinance-related research and training climate particularly in Bangladesh. The Institute is contemplating a transition to a much broader center of excellence in the area of microfinance, enterprise development, poverty reduction and allied areas at the national and international levels through collaborative approach to research, knowledge management, training and education, and participation of reputed institutions and scholars in its programs. The Institute’s main focus is on developing itself as a center of excellence with emphasis on research, training, academic and knowledge management. However, research is the most prominent among all the activities and its research activity centers around microfinance, poverty and development issues. InM was initiated and promoted by the Palli Karma-Sahayak Foundation (PKSF), and is now registered as an independent non-profit institution under the Societies Registration Act 1860. InM is currently funded mainly by UK’s Department for International Development (DFID) through its Promoting Financial Services for Poverty Reduction Program (PROSPER). InM is responsible for developing overall capacity in the microfinance sector and to achieve knowledge creation, management and dissemination in the area of microfinance and poverty. In addition to expanding the research, training and consultancy services for microfinance practitioners, PROSPER has been providing assistance to enable microfinance institutions to access demanded training and consultancy services from accredited providers. InM is also committed to support interested institutions to offer long-term microfinance courses. Vision: Towards establishing a poverty free world, InM sees itself as a frontline center of excellence in knowledge creation and management. Mission: Firstly, InM will contribute to the capacity building of the microfinance sector in Bangladesh through training and academic programs for human resource development, conducting research studies and dissemination of findings, regular dissemination of new knowledge and technology, for the benefits of the sector. Secondly, the institute should emerge as a center of excellence in microfinance, poverty, enterprise development, and other allied areas at the national and international levels through building network with microfinance institutions, sector stakeholders, reputed researchers, thinkers and professionals, and exchange of ideas and experiences. Governance: Institute is governed by a two-tier–Governing Body and General Body–governance system. The basic governance lies with the Governing Body. It comprises of seven members, including the Executive Director of the Institute as an ex-officio member. The General Body is the Institute’s highest authority. It is responsible for the overall policy guidance and direction for efficient functioning of the Institute. Total number of members of the General Body is 8, including 7 (seven) members of the Governing Body. Governing Body The Institute is governed by a two-tier–governance structure-Governing Body and General Body. The basic governance lies with the Governing Body. It comprises of seven (7) members, including the Executive Director of the Institute as an ex-officio member. Current Governing Body of InM Chairman Professor Wahiduddin Mahmud Former Advisor to the Caretaker Government of Bangladesh, and Member of the United Nations Committee for Development Policy (UN CDP) Members Dr. Iqbal Mahmud Professor Emeritus Chemical Engineering Department Bangladesh University of Engineering & Technology (BUET) Dr. Quazi Mesbahuddin Ahmed Managing Director Palli Karma-Sahayak Foundation (PKSF) Ms. Rasheda K. Choudhury Former Advisor to the Caretaker Government of Bangladesh, and Executive Director Campaign for Popular Education (CAMPE) Dr. Pratima Paul-Majumder Senior Research Fellow Bangladesh Institute of Development Studies (BIDS) Dr. Toufic Ahmad Choudhury Director General Bangladesh Institute of Bank Management (BIBM) Dr. Md. Mosleh Uddin Sadeque Executive Director (Interim) Institute of Microfinance (InM) General Body The General Body is the Institute’s highest authority. It is responsible for the overall policy guidance and direction for efficient functioning of the Institute. Total members of the General Body is thirteen (13) including seven (7) members of the Governing Body. Other members of the General Body are as follows: Mr. Khondkar Ibrahim Khaled Chairman Bangladesh Krishi Bank (BKB) Professor A. K. M. Nurun Nabi Department of Population Sciences University of Dhaka Dr. Jadab Chandra Saha Former Managing Director Bangladesh Krishi Bank Ms. Parveen Mahmud President Institute of Chartered Accountants of Bangladesh (ICAB) Dr. M. A. Hakim Professor & Chairman Department of Business Administration University of Development Alternative (UODA) Dr. Jashim Uddin General Manager (Administration) Palli Karma-Sahayak Foundation (PKSF) Activities of the Institution: The Institute has a plan to work with three divisions: Research and Knowledge Management * Education and Training * Administration and Accounts Research: Research is the most prominent among the InM activities. The major focus of its research is on microfinance, poverty, and development issues. InM conducts research studies independently and/or jointly with distinguished researchers and institutions from home and abroad. The underlying objective of the research agenda is to ge t insights into the problems of poverty and development and also to assess the impact of different interventions. On-going Research Projects Multiple Memberships (Overlapping) in Microcredit Program. * Strategic Behavior of NGOs/MFIs in Bangladesh * Health and Nutrition among the Beneficiaries of Microfinance Institutions (MFI) in Rural Bangladesh. * Microinsurance, Poverty and Vulnerability in Bangladesh (Phase-I) * Searching for an Explanation of Differences in Poverty Levels and Trends at Sub-National Levels. * Understanding the Poverty and Resource Dichotomy- An Inquiry into the Livelihood of any Backward Community in Resource-Rich Areas of Bangladesh. * Access to Financial Services (Phase -1) Poverty Alleviation through Enhanced Usage of Migrant Remittance * Assessment of the Impact of PKSF Interventions on Sustainability of Partner Organizations (POs) * Impact of Microcredit on agricultural Farm Performance and food security in Bangladesh. * Internal Female Migration in Rural Bangladesh: An Effective Household Coping Strategy. * Differentiated Corporate Governance and MFI Performance in Bangladesh. * Poverty Dynamics in Rural Areas of Bangladesh: Phase-I * Designing Appropriate Microinsurance Products for the Low Income Households Completed Research Projects Baseline Study of Food Security for Vulnerable Group Development and Ultra Poor Beneficiaries Project (Sponsored by PKSF) * Identification of Appropriate Micro Insurance Approach for Ultra Poor of Bangladesh. (Sponsored by UNDP) * Urban Microfinance in Bangladesh * Monga in Greater Rangpur: Intensity, Coping, Vulnerability, and the Impact of Mitigating Strategies. * Impact of Cash for Work Program under PRIME in Lalmonirhat Districtct. (PKSF & InM) * Overlapping in Microcredit Programs in Patrail Union, Tangail. PKSF & InM) * Impact of PRIME Interventions on Monga Mitigation in Greater Rangpur Region: PhaseI Trainings: There is a growing demand to expand the InM's activities to support training progr ams to build the capacity of the MFIs so that practitioners can make tangible efforts towards building a sustainable microfinance sector. The institute intends to embark upon providing training to the development practitioners, journalists, editors, senior executives of different MFIs, policymakers, regulators, government officials and international agencies. In addition, it will act as a facilitator in capacity building of the existing training institutions. InM has a future plan to organize training programs for the participants even from outside Bangladesh. InM wants to put special thrust on-need-based training that requires customized, standard and integrated training modules for the training programs. Furthermore, the institute is mandated to play active role to capacity building of the institutions in the microfinance sector in Bangladesh. Module Development: InM has taken initiative to prepare standardized training module for the MFIs as per suggestions of the training expert committee. InM wants to put special thrust on training rather than prototype training which needs customized, standard and integrated training module for the training courses. Initially the following modules are developed by InM. * Microfinance Operations and Management. * Basic Book Keeping and Accounting Management for MFIs. * Improving Participatory Managerial Skills and Management Style. * Monitoring and Evaluation of Microfinance Program. Legal Regulatory System and Governance. Training Conducted by InM * March 27-31, 2011: Pilot Training Program on Microfinance Operations and Management with PMUK * February 07-11, 2011: Participatory Monitoring and Evaluation training at ELD, Thailand * December 5-15, 2010: Training of Master Trainers’ with AIT, Thailand * July 25-29, 2010: Participatory Rural Appraisal (PRA) * May 9-20, 2010: Training program for offic ials of Microcredit Regulatory Authority (MRA) * March 8, 2010: Training on Effective Time Management March 7-11, 2010: Basic Book Keeping and Accounting Management at UDDIPAN, Dhaka * February 8, 2010: Pilot Training on Microfinance Operations and Management (MOM) at CDF * January 24-28, 2010: Pilot Training Program on Basic Book Keeping and Accounting Management for MFIs with BRAC * January 17-21, 2010: Pilot Training Program on Basic Book Keeping and Accounting Management for MFIs with YPSA * January 10-14, 2010: Pilot Training Program on Basic Book Keeping and Accounting Management for MFIs with CDF * October 25-29, 2009: TOT on Basic Book Keeping and Accounting Management for MFIs * October 11-15, 2009: PRA Training for Dhaka City Corporation (DCC) / JICA Participants: * August 16-20, 2009: TOT for Dhaka City Corporation (DCC) / JICA Participants * July 19 – 29, 2009: TOT on Microfinance Operation and Management for Service Providers * December 26-28, 2006: Training prog ram titled â€Å"Poverty, Microfinance and Development† for Journalists of both Newspapers and Electronic Media. Evaluation and Development of the Microfinance Sector in Bangladesh ————————————————- Evaluation and Development of Microfinance Sector: The development of MFIs took place in several distinct phases over the last four decades. Micro credit was developed in the 1970s as a response to the relief and rehabilitation needs of post- independent Bangladesh when the government and private initiatives were focused on restoring livelihoods through income generating activities. The development of the microfinance sector has undergone four distinct phases in the past four decades: I. Action research phase in the 1970s II. Micro credit development phase in the 1980s III. Consolidation phase in the 1990s IV. Expansion phase from 2000 onwards In the 1970s, development organizations including local and international NGOs were involved in relief and rehabilitation. In addition to community development, health, literacy, agricultural sector development programs and food relief programs, some initiated income generation activities to help the landless poor, particularly women earn supplemental income. A major constraint faced by the population was the lack of access to capital for investment in income generating activities, so few could actually start enterprises. In the mid 70s, Grameen Bank initiated its ‘Jobra' experiment using the solidarity group-based credit delivery system using peer pressure and group guarantee to ensure timely repayment. The project achieved a high rate of success and it was formalized as Grameen Bank, with a special license obtained from the Bangladesh Bank. Grameen Bank remains the only bank with a poverty alleviation bank license. The license is of particular note as it allows Grameen as a licensed and regulated bank to mobilize savings legally, from members and non-members. Also in the 1970's, the Bangladesh Bank initiated the Dheki Rin Prokolpa in collaboration iwth an NGO Swanirvar Bangladesh. Several other NGOs were also trying out various micro credit mechanisms and soon micro credit programs became a part of every social development NGO, even if it was not a major part of the program. The 1980s is known as the period of microfinance program development. The success of Grameen Bank began to motivate social development NGOs to expand their economic development programs, with a particular emphasis on microcredit. The availability of donor grants resulted in the creation of revolving loan funds to make loans to NGO members for various income generating activities. NGOs began to expand their micro credit programs and some like ASA took a decision to shift focus from social and community development work to minimalist micro credit intermediation. In the 1990's, the Palli Karma-Sahayak Foundation (PKSF) was established as the promoted apex wholesaler financed with government funds and the World Bank. As a result, NGOs providing financial services had the benefit of relatively low cost refinancing along with technical assistance to enhance their institutional infrastructure and management information systems to expand outreach, improve efficiency and increase self- sufficiency to reduce dependence on grant funds. The first NGO to achieve full operational self- sufficiency and financial self-sufficiency was ASA. In the late 1990s, ASA was able to move away from donor grants and operate its microcredit portfolio through earned income, savings, and equity converted from the grants received previously. ASA became the largest borrower of PKSF funds and was eligible for loans from commercial banks. Soon other NGOs like BRAC and Proshika began to scale up their micro credit programs, although their continued focus in their social and community development programs delayed their targets for financial self-sufficiency. Towards the end of 1990, the microfinance sector was well established with the â€Å"Big Four† namely, Grameen Bank, ASA, BRAC and Proshika who in turn promoted smaller NGOs providing refinancing as well as technical support in their respective development methodology and microfinance practices. Although the vast majority of NGOs adopted the Grameen style of group lending and focused on rural areas, there were some new initiatives. For instance, in the early 90s, an NGO named Shakti Foundation took on the challenge of providing microfinance services to urban women living in the Dhaka slums who had limited literacy and numeracy skills and no permanent address, as slum evictions were common. The NGO Asharai promoted a savings based self-help group model of microfinance combined with community development services for tribal communities in the northwest part of Bangladesh. RDRS, an integrated service provider focused on micro credit initiatives along with agricultural interventions to increase the food sustainability of the drought affected population in the northern villages of Rangpur and Dinajpur districts. BURO Tangail, with its centre in the highly productive town of Tangail, started with a modified Grameen type methodology, but used action research and piloting of products to develop a range of credit and savings products, including flexible savings and term deposits. TMSS based in Bogra started with an integrated community development approach, using micro credit as a means to ensure sustainable development of the rural economy with a focus on social forestry, water resource management, agricultural and livestock management, fisheries and health, and now has grown into one of the top 10 MFIs in the country. Safe Save, a pilot project that took on the legal framework of a savings and credit cooperative started as a Lilliputian provider amongst the giants; however, has attained international fame for its success in innovating a savings based individual lending model in urban Dhaka, in contrast to the dominant Bangladeshi model of a credit-led group- based lending model for rural clients. The fourth phase was one of professionalization and expansion of microfinance portfolios, and moving towards commercialized funds to enhance sustainability. In the late 1990s, with the increasing threat of declining donor funds NGOs began to experience the need to enhance management capacity and develop action plans to access loans in order to expand outreach to attain scale and sustainability. In the last decade a number of NGOs have experienced tremendous expansion, with at least a dozen succeeding in reaching over one million clients. Bilateral donors and international development agencies have contributed significantly to this growth in the sector by providing technical assistance support, financing technical support and institutional development and sponsoring training within and outside the country to introduce the sector to international experiences. PKSF and a number of commercial banks have contributed to the expansion and outreach by refinancing microfinance portfolios to respond to increasing need for loan funds from existing and new customers. The support of action research and pilot testing of new products has added rigor and vitality to the sector. Expansion of microfinance portfolios has continued to the end of the 1990s and many MFIs are still experiencing high rates of growth with continued availability of commercial funds, increasing income from the loan portfolio, and member savings. The current phase is formalization and transformation. The larger and medium sized NGOs will prepare to transform into formal financial institutions in accordance with the newly established Microfinance Regulatory Authority Act, with the objective of integrating into the formal financial sector to gain access to additional sources of capital and equity as well as mobilize savings from the public. Smaller NGOs that are unable to transform due to low levels of equity and inadequate scale or performance may consider mergers to consolidate portfolios and combine their strengths to overcome weaknesses. Many of the smaller MFIs that have not been able to attain the adequate levels of sustainability and retain a committed customer base in competitive markets may be forced out of business. The sector will be faced with some new challenges, including intensified competition in some of the rural and urban markets where market saturation is already evident, and innovating mechanisms to service the markets that remain unbanked, including the extreme poor or â€Å"hard core poor† and the populations in remote areas that remain beyond the reach of either the formal banks or NGO MFIs. The Microfinance Sector of Bangladesh ————————————————- The Microfinance Sector In Bangladesh: The microfinance sector in Bangladesh consists of the following stakeholders who are categorized as the micro, micro and macro levels. The micro level consists of the existing clientele and the potential target client group who remain unserved or underserved. The micro level also consists of the different kinds of providers, including the formal, semi-formal and informal providers such as moneylenders, pawnbrokers and rotating credit and savings associations. The micro-level consists of the financing partners, including donors, refinancing partners, development finance institutions, multilateral and bilateral aid agencies, commercial banks, specialized banks, development banks, as well as government agencies. Private investors are new comers in the micro-level providing equity and capital to MFIs. The micro level also includes technical support providers including training institutions, networking institutions, microfinance associations, rating agencies, audit firms, consulting firms, independent consultants and academic or research institutions. The macro level consists of the regulatory bodies including the Central Bank or Bangladesh Bank and the Ministry of Finance. A principal player within the macro level is the NGO Affairs Bureau (NGOAB) which governs and supervises the NGO microfinance providers, including local and international NGOs with programs in Bangladesh. About 62 percent of the borrowers live below the poverty line. The vast majority of these clients do not have physical collateral to secure loans and need alternative collateral mechanisms. The 2005 World Bank report states that a total of 9. 6 million households are being served by MFIs. The total number of clients served by microfinance sector is approximately 24. 25 million with effective coverage to about 17. 32 million clients showing a substantial gap between demand and supply. Microfinance institutions, including Grameen Bank, collectively service more than 60 percent of the demand, with Grameen serving about 20 percent of the total. Women constitute 90 percent of the clientele. Average loan sizes are around Tk. 4000 (US$60). In 2006, micro credit loans constituted about 44 percent of the total disbursements in the credit sector. The microfinance providers are primarily MF NGO and a few non-bank financial institutions (NBFIs), and one specialized microfinance bank, namely Grameen Bank. Some of the ministries or divisions of the Government of Bangladesh support large micro credit projects and some of the commercial banks have established windows for microfinance loans. Microfinance NGOs cover the largest share of the microfinance market. A report published by the Micro credit Regulatory Authority (MRA) reveals that up to June 30, 2006, states that the volume of loans outstanding for the 651 major NGO- MFIs is US $1105. 86 million and CDF's statistics for 2006 show that up to December 2006, cumulative disbursement of 611 major MFIs was approximately US$8,171. 71 million. Grameen Bank is the only MFI with a specialized bank license. The MF NGOs are led by three very large organizations namely ASA, BRAC and Proshika which represent 94% of the total sector, in terms of numbers and more than 73% of the savings. The remaining part of the sector is comprised of 332 small & very small organizations. The Government of Bangladesh is a major stakeholder. The Microfinance Regulation: Most of the NGOs providing financial services were established as development organizations, and registered as LNGOs or INGOs. Most of the microfinance portfolios were grown on grant funds from foreign sources. With the increasing inflow of external resources, the government concerned with transparency and accountability created the NGO Affairs Bureau (NGOAB) in 1991. NGOAB played the role of the primary regulator of the development NGOs supported by foreign funds, providing microfinance services in the country. The fact that MFIs remained unregulated for the past four decades has had an impact on their substantial growth in outreach and sustainability as well as promoted innovation. However, as the sector has acquired significant scale particularly in terms of deposits there is a concern regarding depositor security and the interests of poor clients. They can easily be exploited by microfinance providers, especially as many providers are motivated more by the potential for profit rather than to achieve social development objective. Recent reform measures include the reformation of previous acts creating the Micro Credit Regulatory Authority Act 2006, building on the revious acts such as the Societies Registration Act 1860 (the same as in India) Companies Act 1913, Trusts Act 1882, Charitable and Religious Trust Act 1920 and Cooperative Societies Ordinance 1984 that have created the regulatory framework for the industry in the past. The Bangladesh Bank in coordination with NGOAB and in consu ltation with the microfinance NGOs represented by CDF and PKSF have established the Microfinance Regulatory Authority and created the Micro Credit Regulatory Authority Act 2006. All NGOs providing micro credit have to register with both the NGOAB if they are receiving foreign funds as well as the Microfinance Regulatory Authority if they wish to continue providing financial services. In time it is expected that all MFIs will apply for license, and be formalized and integrated into the formal financial sector. There are some in the industry who feel that it is essential to have a regulatory framework to protect the sustainability of the sector, foster innovation and nurture growth, and most importantly to protect the interests of the clients while there are others who fear that regulation could strangulate growth and innovation. The MRA Act requires all MFIs to register with the MRA in order to operate legally in the country in the provision of microfinance services. The MRA will issue and cancel licenses for micro finance operators, oversee, supervise and facilitate the entire range of activities of MFIs. The MRA will establish a depositor's insurance fund to ensure safety of the depositors and to secure all MFI deposits. All MFIs will be required to maintain a reserve fund which cannot be spent without prior permission of the authority. MFIs will not be allowed to take deposits from persons other than their members (i. e. no mobilization of deposits from the public who are not members of the MFI). MFIs that deviate from the norms will be subject to punishment of not more than one year of imprisonment or a fine of not more than Tk. 500,000 (US$ 7143). Furthermore, the MRA will keep a watch over the MFIs in Bangladesh in order to safe guard the interests of microfinance clients, as well as ensure the protection of microfinance customers against overpricing. Price setting will be judged by the government in keeping with guidelines and regulatory provisions. Resources will be allocated from the commercial banks and formal financial sector to meet the demand for micro credit. The MRA will be responsible for monitoring and evaluation of performance. The Act is a fairly recent intervention in a sector that has grown and developed and come of age over a period of four decades. It will take time for the stakeholders to get accustomed to the new regulatory framework and in turn for the regulatory authority to work out the existing areas of weakness or gaps in the Act and in the systems that are being established for registration, appraisal, licensing, monitoring and supervision. The present framework is a starting point. There will be modifications and amendments in the future. At present the legal frameworks do not include the option of a microfinance bank, as there is a fear of possible financial mismanagement resulting from limited controlling capacity of the newly formed MRA; however, in future this option may be provided based on the demand from MFIs for this particular legal framework and the capacity of the MRA to license and supervise these entities. Another critical concern is the exclusion of foreign microfinance institutions that are promoted by international NGOs. Local MFIs are concerned that these provides will have an unfair advantage as they will have continued access to financial resources from external sources which could result in negative competition. Domestic MFIs feel strongly that the MRA should establish a policy that monitors the cash flow into foreign MFIs and closely monitors their expansion strategies. Although insurance is an essential product to provide a social safety net to protect vulnerable populations from the impact of death, disease and other shocks and emergencies, the MRA has not included microinsurance as part of the products of MFIs. Insurance is a specialized financial product and is not within the purview of the Central Bank. At present, micro insurance products offered by both insurance providers and microfinance institutions are inadequate to meet the needs of microfinance customers. The sector will have to focus its efforts on action research and pilot testing with the government contributing to providing a social safety net for the vulnerable segments of the population. The Microfinance Institutions: The first generation MFIs that emerged in the 1970s had an explicit social agenda and their focus was on poor segments of the population particularly women. The geographic focus was primarily in the rural areas, but as migration created urban poverty, microcredit programs began to shift their focus to urban lending programs. While some NGOs offer an integrated development approach, including some community development, most NGOs have transformed into microcredit focused NGOs. MFIs are categorized into four major groups, including NGO MFIs, which constitute the large proportion of MFIs, commercial banks with microfinance windows, and government line ministries that have promoted micro credit projects and programs. There is one specialized microfinance bank, namely Grameen Bank. The Grameen Bank established in 1983 under a special law with the initial support from the Bangladesh Bank is the only MFI that has been awarded a license to operate as a specialized bank for microfinance. All the other MFIs are NGOs that are registered with the NGOAB and now with the MRA. The MFIs including Grameen Bank include the Big Four that have outreach to over 3 million clients. A handful of large MFIs reach over 1 million clients. Another 20 odd MFIs are categorized as medium sized institutions with outreach to less than 100,000 clients. The rest are small and very small MFIs, with about 20,000 clients. The smallest have less than 5000 borrowers. Most of these institutions operate in the rural areas, although several of the larger institutions are now lending in both rural and urban areas. A few institutions specialize in urban microfinance. The Government promoted micro credit programs are substantially large. About thirteen ministries and fifteen divisions of the government of Bangladesh deal with microfinance activities with a cumulative disbursement of US$1238 million at the end of December 2006. The government programs are less efficient with recovery rates of about 84 percent as compared to the NGOs that have repayment rates over 90 percent. The 2005 World Bank Report indicates that a total of 9. 6 million (out of 14. million households) or 37 percent of all households in the country are currently served by microfinance services. The â€Å"Big Four† – Grameen, ASA, BRAC and Proshika – collectively account for 86 percent of the 14. 3 million active borrowers. Collectively they have more than US$1249 million in loans outstanding and over US$402 million in savings. Microfinance Delivery Mechanism: Bangladeshi MFIs are best known for large-scale provision of microfinance services to the poor women using non-traditional collateral mechanisms. With more than 90 percent of clients being rural women, MFIs have demonstrated repayment rates of over 90 percent in comparison with the formal banking sector. The average loan size of MFIs is around Taka 4000 (US$60). Microcredit is provided to poor or low income households through groups. Loan contracts are made in the name of individuals, but the group is an essential mechanism in the delivery and recovery process. Depending on the provider, the group performs different functions, including providing a cost-effective mechanism for client screening, loan appraisal, disbursement, collection, monitoring, supervision and the mechanism for delivering non-financial services. Some MFIs are now making loans to individuals as in formal banking practices, without requiring membership in a group. The main feature of Bangladeshi microfinance is the provision of loans without demanding traditional collateral as security. The solidarity group concept is embedded in the social structure of Bangladesh which consists of closely knit groups at the village level who in the absence of external mechanisms provide essential social safety net for poor households. More importantly, the Bangladesh group model was developed according to the principles of group solidarity. An MFI organizes a joint liability group of up to 5 members who then form peer pressure groups of as many as 30 individuals or 6 joint-liability groups. The primary use of the group in the Bangladesh microfinance model is to offer alternative collateral mechanisms for the target client group that is unable to offer physical collateral to secure loans. Solidarity groups† provide group guarantee by using joint liability and peer pressure principles to enforce repayment from individuals within the group. In almost all the microfinance models, loans are further secured through the collection of compulsory savings that are deposited in a loan s ecurity deposit account. The loan security deposit helps when joint-liability and group guarantee mechanisms either are inadequate or fail. Microfinance Products: The traditional microfinance loan product is usually called the â€Å"General Loan. † This is a small loan with a ceiling that is under US$100 (at present the average loan size is US$60). Loan ceilings are based on the expressed demand from members as well as the fund availability the MFI to meet the demand for loans. When members reach the maximum loan size, they have the option of applying for a larger enterprise loan if the MFI offers this product at different rates and repayment terms and conditions, or has to consider moving to another provider that offers the desired product. The General Loan is provided in cycles of up to 12 months with about 45 monthly installments consisting of equal amounts of principal and interest. Loan installments are calculated based on the average household income of the target client group, allowing the vast majority of clients to repay without undue stress; however, most clients find repayment during the early years a struggle given their lack of adequate income and financial management capacity, and clients taking larger loans can also find installments difficult to handle if household income is not sufficient to manage essential expenditures. Interest charged by MFIs varies and is calculated on a flat or declining basis depending on the operational efficiency, cost of funds, inflation and other factors specific to the institution such as fees to cover non-financial inputs to the business or social development services. Upon the successful repayment of a loan, the client is eligible to apply for a larger loan in the next cycle, where the ceiling is increased automatically by Tk. 500 (US$7). Currently, loan ceilings for the General Loan are as high as Tk. 50,000 (US$700). Clients can borrow as much as they want within the ceiling of their loan cycle. In principle there is no pressure for clients to borrow the maximum amount and can opt to take smaller amounts based on their need and their repayment capacity. In case of arrears MFIs have policies regarding penalties. In case of default, the client is closely monitored and there is some grace period to recover outstanding amounts over the subsequent installments. In case of a loan default, the MFI follows its recovery procedures, depending on the terms and conditions specified in the loan contract. In the case of collecting bad debt, the first step is to work with the group members of the joint- liability group to analyze the reasons for default in consultation with the client and the family and identify options for recouping the loan outstanding. The next step is to discuss the situation with the larger peer group to identify the best strategy to recoup the loan. Depending on the situation, either the client will take responsibility to repay the entire amount or in other cases, the group members will help by contributing from the group fund to repay the outstanding amount to keep the group in good standing with the MFI. In situations where the client is not at fault, and the reasons for default is due to death, illness or business failure due to external factors, the interest may be waived, the entire loan may be rescheduled or even waived and covered by the loan loss reserve fund of the MFI. As microfinance loans increase in size, the exposure to risk inhibits group guarantee through the group fund as a reliable or viable means of recovering losses. Therefore, in the case of larger loans, a client is eligible for larger micro enterprise loans, but must maintain membership in the group and comply with all the group requirements, including regular meetings, compulsory deposits, and deposits in the voluntary savings account. Although the group must continue to assist in the collection of bad debt, the loans are secured through the loan security deposit of the individual client as well as the attachment of secondary assets that the client can liquidate if faced by income loss causing repayment problems. In a few cases, such as ASA, loans are being made to individuals outside the group mechanism to attract a different target group of clients, including men and women with established microenterprises who are not interested in group mechanisms but are interested in borrowing from an MFI as they are not eligible for commercial bank loans. The General and Micro Enterprise Loans are generally provided for many different purposes including investment in business activities including investment in productive assets such as agricultural land, equipment, machinery, electricity connection and inventory. Microfinance clients can obtain sector programme loans for micro enterprise development in areas such as trading, service sector, food production, poultry, livestock, agriculture, sericulture, fisheries and social forestry. Some NGOs offer clients enterprise development training, technical assistance for specific sub-sectors as well as marketing inputs. General loans are provided for any profitable and socially acceptable income enerating activities such as: rural trading; rural transport; paddy husking; food processing; small shops and restaurants, etc. Although diversion of loans for household consumption needs is not encouraged, there is an understanding that money is fungible, and what is important is that income levels w ithin the household enable a client to repay her installments regularly and continue to remain a customer in good standing. General loans usually range between USD$15 and USD$160. Members are eligible to apply for larger amounts once they have repaid their outstanding loan in full and as per the terms and conditions specified in the loan contract. The micro-enterprise loans are larger than general loans, and can be borrowed both at the group level and also as individuals directly, but with more rigorous credit appraisal including a thorough household and business appraisal to assess risk and potential for repayment. The clients are usually graduates who have successfully repaid several general loans and are committed to transforming small income generating activities into sustainable micro enterprises that will provide the primary income for the household. Some MFIs offer agricultural loan products that have different terms and conditions for repayment depending on the agricultural cycle. Repayments are made with monthly installments of interest and a payment of the principle amount in one or more installments depending on the cash flow of the household. MFIs also offer loans for other purposes, including asset creation, housing improvement, house construction, purchase of homestead land, as well as education of children. Several MFIs offer loans for repair of their homes, upgrading and in some cases actual construction of home or purchase of homestead land. Bangladesh Bank now offers house-building loans to MFIs at the rate of 1 percent per annum to finance the demand for housing loans from MFI clients. The average loan size is typically USD$310. In addition to these productive or investment loans MFIs also provide other loans for emergencies, disaster mitigation, sanitary latrines and tube wells. Due to the fact that Bangladesh is often affected by natural disasters including floods and typhoons, MFIs often provide emergency loans and disaster loans to help clients cope with the loss of income and assets as a result of a disaster. Typical microfinance loan products 1. General Loan 2. Micro enterprise Loan 3. Agricultural Loan (for cultivation purposes) 4. Housing Loan or House Improvement Loan 5. Education loan 6. Emergency or Disaster Loan 7. Tube well loan 8. Sanitary latrine loan ————————————————- ————————————————- Trends and Growth of Microfinance Programs of MFIs Trends and Growth of Microfinance Program of MFIs: The previous chapter dealt basically with the overall development of the microfinance sector. This chapter presents the overall trends and growth of the sector using panel data of 126 MFI-NGOs. These MFI-NGOs, however, have mobilized around 82 percent of the members mobilized by total MFI-NGOs of the country. GB is not included among these MFI-NGOs. The use of such panel data enables to clearly understand the growth and efficiency of the MFI-NGOs in the given period. Employment and Gender MFI-NGOs have not only contributed to providing financial services but also contributed to the generation of employment. Over the past four years, 2006 through 2009, there has been remarkable growth (Table) in employment creation by the MFI-NGOs. The panel data show, these 126 MFI-NGOs created some 31,505 new employments. The increasing trend in employment creation was observed from 2006 to 2008 while a slight decrease was taken place in 2009. A negative annual growth rate of total staff in 2009 was 0. 60 percent which was drastically lower compared to positive 2. 54 percent growth in 2008 and 27. 15 percent in 2007. Over a period of four years, 2006 through 2009, the growth was around 30 percent. There is a positive relationship between program expansion and number of staff employment. Credit staffs constitute a major share of total staff. The share of credit staff in total staff was around 62 percent in 2009 while no significant change was observed from 2008. On the other hand, the other staff contributed to around 38 percent of total staff resulting a slight increase in 2009 over 2008. Table [ 1 ]: Staff Strength and Growth of MFI-NGOs Figure [ 1 ]: Percent distribution of Staff of MFI-NGOs by gender 2009 Figure [ 2 ]: Percent distribution of Staff of MFI-NGOs by gender 2008 Women empowerment has been one of the major objectives of MFIs. Although this is reflected in mobilization of female members, it is not reflected in emale employment. Only around 26 percent of total staff and around 16 percent of total credit staff were female in 2009. Although the total number of female staff increased but the growth rate declined. This is evident from Figure 2. 1. 3. This may have happened because of longer hours of work, adverse geographical condition and overall, the psyc hology of the employers. Still the growth of female staff was higher compared to the growth of male staff in 2009. The growth of female staff was 6. 63 percent compared to a negative 2. 89 percent growth of male staff in 2009. The distribution of staff of MFI-NGOs by gender has been presented in Figure. However, recruitment of local level field female staff has probably contributed to higher female employment, which indirectly stimulated women empowerment. Figure 3: Trend in Credit Staff of MFI-NGOs Membership in MFI-NGOs Figure [ 4 ]: Percent Distribution of Membership in MFI-NGOs by Rural and Urban Areas in 2009 Figure [ 5 ]: Percent Distribution of Membership in MFI-NGOs by Rural and Urban Areas in 2008 MFIs initially started their programs in rural areas. Over time, they expanded their programs to urban areas too. Microfinance in Bangladesh is synonymous to credit for landless and asset less rural poor. As such the preeminence of rural members is quite natural in the overall microcredit members mobilized. On the other hand, the magnanimity of female members in the overall membership is very usual, as microcredit as a poverty alleviation tool has taken women empowerment as one of its agenda from the very on set. A total of 22,734,381 members were mobilized up to 2009. Among them, the share of rural areas was 88. 59 percent in 2009 (Figure) compared to 89. 33 percent in 2008 (Figure). There has been an increasing trend in membership mobilization in rural areas up to 2008 since 2006 (Figure), but it decreased in 2009 by around 6 percentage point. In urban areas, the total number of members was increasing at a decreasing rate. As are evident from Table 2. , the number of female members in rural areas decreased for the first time in 2009 by around 2 percentage point compared to 2008. But over the period, 2006 to 2009, female members in the rural areas achieved a growth of around 32 percent. Figure [ 6 ]: Trend in Membership by Location of MFI-NGOs Figure [ 7 ]: Distribution of Growth of Me mbership The annual growth of rural female member was 1. 62 percent in 2009 compared to 2. 99 percent in 2008 and 12. 39 percent in 2007. The annual decrease in the number of male members in rural areas was 877,271 in 2009 from 2008 with a deceasing rate of around 26 percent. Over the period, 2006 through 2009, the rate declined by around 21 percent. An opposite scenario was seen in the growth of male members in urban areas. In this year the growth rate of male membership got rid of 1 percent negative growth of 2008 and recorded 1 percent positive growth. In 2007 male membership had 13 percent positive growth. Interestingly, some 1,257,210 members were declined in rural areas, while the number grew by 37,589 in urban areas resulting decrease of overall 1,219,621 members in 2009 compared to 2008. Over the period from 2006 to 2009, the overall growth of membership was around 20 percent and at the same time the growth of female and male members was around 30 percent and 20 (negative) percent respectively. The trend on the membership is also shown in Figure. Table [ 2 ]: Growth of Membership Trends in Lending Behavior The scenario of the sector is also possible to see through important program data, such as, amount of members' savings or group savings, total (or cumulative) number of borrowers provided loans (inclusive of repeat loans) ever, current number of borrowers, amount of cumulative loans disbursed, amount of loans outstanding with the borrowers, and amount of revolving loan funds. Borrower-Member Ratio: All the members at a given point of time may not be borrowers, and even everyone may not borrow. This is reflected in borrower-member ratio. As the panel data (Table 2. 3. 1) showed that in 2009 MFIs could provide loans to 70. 42 percent of the members compared to 74. 20 percent in 2007 and 78. 80 percent in 2007. This declining trend throws a big question to the microfinance industry about its progression with the given mandate of reaching the poor with financial services for poverty alleviation. As expected, borrower-member ratio is higher for the female than the male members. Around 73 percent of the female members had borrowed in 2009 while the percentage was around 77 in 2008 and about 83 percent in both 2007 and 2006. The higher ratio for female could be happened due to perceived financial discipline and less mobility of female. After showing a continuous increasing trend in the borrower- member ratio for male members from around 54 percent in 2006 to around 61 percent in 2008, and again it declined to around 56 percent in 2009. The borrower-member ratio for female members was around 17 percent higher than that of male members in 2009 and the trend continued also in all the years under consideration. It could be the mobility of the male borrowers that makes MFIs conservative in lending to them. Table [ 3 ]: Borrower and Member Ratio (%) There is, however, not much difference exists in borrower-member ratio in rural and urban areas. But a decreasing trend was observed in the borrower-member ratio in both the rural and urban areas. Such trend may be attributed to market saturation, mobility of members in the credit market, or the process of consolidation of the MFIs. Plausible causes need to be investigated. Intensity in Number of Loans: It is reflected in the ratio of cumulative borrowers and current borrowers. Cumulative borrowers are essentially the number of loans taken. Current borrowers represent active members. As such, the ratio of cumulative borrowers and current borrowers will give us a trend in the intensity of number of loans per borrower. The cumulative number of borrowers of 126 MFI-NGOs till 2009 was 39,536,838, higher by around 12 percent than the 2008 level, and around 53 percent higher than the 2006 level. As expected, the number of current borrowers was less than the cumulative borrowers. The number o

Research Paper Essay

Abstract This research paper will evaluate the biological aspects of addictive substance or behavior and how it affects the brain and organs. Biological aspects include dopamine levels that are replaced in the brain due to the reward system being overtaken and the absorption rate of the drug once it is ingested will be discussed. The biological aspects are extensive and permanent if the individual does not get the help they need. Furthermore the clinical issues of addictive substance or behavior will be discussed along with medical treatments and ethical issues. This includes treatments such as counseling and treatment programs that are effective. Lastly the Christian worldview implications and how it affects Christian counselors will be addressed. How the church may view individuals who have an addiction and how a counselor approaches a client with an addiction. Addiction is something that is an epidemic in the world of the devil and it should be evaluated and taken seriously. People use drugs for a variety of reasons, some may be to self-medicate, to overcome anxiety, to deal with a past that they want to forget, or even just to fit in with a crowd. However, most of the users, initially, do not think or care of the after side effects which could include addiction. There are many factors that come into play on if a person will be more susceptible to addictions such as â€Å"heredity, environment, psychoactive drugs and compulsive behaviors† (Inaba & Cohen, 2011). Substance/Behavior Drugs affect many areas of a person’s body, the central nervous system (CNS) is effected â€Å"causing mental, emotional and physical changes† (Inaba & Cohen, 2011). Pharmacokinetics describes this process by which a drug is â€Å"absorbed, distributed, metabolized, eliminated, and excreted by the body† (Inaba & Cohen, 2011). The factors that contribute to this process include: â€Å"route of  administration, speed of transit to the brain, rates of metabolism, process of elimination, affinity for nerve cells and neurotransmitters† (Inaba & Cohen, 2011). All of these factors contribute to how the drug biogically affects the person administering the drug. A person who injects heroine on an empty stomach will not have the same effect as a person who digests a pill of heroine after a meal. There are more aspects that involve if the person will become addicted to the drug. Metabolism and excretion also play a part in the effects on the brain. Metabolism is â €Å"the body’s mechanism for processing, using, and inactivating a foreign substance that has entered the body† (Inaba & Cohen, p. 2.7, 2011). Metabolism applies to everything that is ingested into our bodies, including food. Excretion is â€Å"the process of eliminating the foreign substance and its metabolites from the body† (Inaba & Cohen, p. 2.7, 2011). When a drug is ingested the metabolic process begins along with the excretion process by the kidney. This explains why alcoholics have kidney problems and sometimes failure after years of alcohol abuse. An example of how a drug travels from Inaba and Cohen is: â€Å"when someone swallows a 10 milligram tablet of Vicodin or drinks a beer the drug passes through the esophagus and the stomach into the small intestine, where it is absorbed into the capillaries enmeshed into the intestine walls. The capillaries transport the drug into the veins which carry it to the liver where it is partially metabolized. It is then pumped back to the heart and subsequently to the rest of the body.† That is just one example of how a drug is passed through the body and absorbed into the users system. There are many other ways that the drug can enter into the body. The first time alcohol or drugs are ingested â€Å"dopamine levels spike higher than they do with food†¦and that experience is remembered,† the experience is stored in the amygdala which controls emotion and hippocampus which controls emotion. After using the substance over and over the brain no longer produces its own dopamine. (Carlson & Carlson, 2013). There are more side effects that occur if the substance is not taken again, including depression and sometimes physical symptoms. (Carlson & Carlson, p.35, 2013). If the person stopped filling the void they have created with the substance their brain will eventually start reproducing its own dopamine again. There are addictions that can develop from behavior disorders, non-substance abuse disorders. These could be gambling, shopping, and many other compulsive/impulse control disorders. There are studies that suggest that â€Å"26-37% of those with alcohol dependence also had a lifetime history of a mood disorder (with depression being the most common), whereas 32-37% met lifetime criteria for an anxiety disorder† (McLachlan & Starkey, 2012). When a person who is addicted to a compulsive disorder is going through withdrawals â€Å"the urge or craving while abstaining from the behaviors may have a similarity with cravings during drug withdrawal in substance addictions† (El-Guebaly, Mudry, Zohar, Tavares,& Potenza, 2012). To a person who is withdrawing from a gambling addiction they will feel the same way as a person who is trying to stop drinking. There are groups such as Gamblers Anonymous and Alcoholics Anonymous that help these individuals through the process of overcoming their addictions. When a person who is suffering from an addiction decides to make a change they can go through a process before they decide to take action. The stages are pre-contemplation, contemplation, preparation/ready for action, action, maintenance, and possibly relapse. (James, p. 74, 2012). Pre-contemplation is when the person is not considering change and denying they have a problem. Contemplation is when the addict is sitting on the fence about if they have a problem or not. Preparation/ready for action is described as when they are making a mental plan for how and when they are going to act. Action is practicing the new behavior for three to six months. The maintenance stage is continuing to maintain the new behavior for more than six months after the action plan. Relapse occurs if the old behaviors happen again, (James, 2012). An important part of overcoming the behaviors that go along with addiction is the creation of memories. Memories are created from the time we are born, we learn things about ourselves such as what makes us laugh or what makes us cry. A person may have a bad experience with a drug or alcohol and that memory stays with them. It could even deter them from trying it again or the person could be pressured into giving it one more try before they decide. Memories are actually â€Å"solid bits of protein imprinted on the brain as microscopic memory bumps called dendritic spines† (Inaba & Cohen, p. 2.12, 2011). When people use psyc hoactive drugs the memories are imprinted on the brain. These memories include, â€Å"where they got the drug, the reason they used it, and what feelings resulted† (Inaba & Cohen, 2011). These memories are problematic because they are especially  powerful for the user’s brain. The memories will affect how often a person uses in the future. If a person has a euphoric and amazing experience when they use a drug they will remember it vividly and have a hard time forgetting the experience. If something happens to them that causes depression or makes them have a bad day they will go back to this euphoric state and want to recreate that situation again. Furthermore, if the person has a preconceived susceptibility to addiction to a substance they are more likely to continue to go back to this substance to solve their problems rather than dealing with them in a healthy way. Many factors such as environment when the person was raised will also play a factor, if the person was not taught the proper coping skills in dealing with issues their only memory of how to escape a problem will be the occurrence of the drug use. The same instance occurs with a person who suffers from a behavioral disorder such as gambling. When a person gambles they feel valued and appreciated. A person with a gambling addiction is treated like a king when they walk into a casino or a place that caters to gamblers. They bring them drinks to their table, they have beautiful girls around them, and they a re treated as if they are someone important. To a person who has never been treated like that in their life, it can develop into an addiction, an addiction to winning the money and an addiction to being treated like a king. Their memories and reward systems are replaced with this experience and it is hard to overcome. The reward/control pathway of the brain â€Å"encourages a human to perform or repeat an action that promotes survival† (Inaba & Cohen, p. 2.14, 2011). A psychoactive drug urges a person to take the drug again because it closely resembles the natural reward system of the brain. For substance abusers this pathway is seriously altered, â€Å"the go circuit becomes overactive and the stop circuit becomes dysfunctional and does not shut off the craving† (Inaba & Cohen, 2011). The craving to do the drug again becomes seemingly unbearable for the individual because their reward system is in overload. The individual may wish that they could stop the addiction or not even want to but they cannot stop because of the affect the drug/habit has had on their brain. The reversal of the reward system also makes normally enjoyable circumstances not enjoyable to the individual suffering from an addiction. A person who may have enjoyed painting or walking around the park will be able to think about nothing other than  taking another hit of cocaine because their brains reward system is not happy until that is experienced. It takes a very strong individual to be able to overcome this and recognize it in their own brains. That is why there are programs such as Alcoholics Anonymous to help individuals process these changes in a step by step basis, because it is so hard to just quit something that has such a hold on the person. Clinical Issues There are aspects of treatment that dominate in the field of treatment of a behavioral or chemical dependency. These aspects begin with the fact that medications are used more to treat addictions, there are many reasons that a drug may be used in the treatment process including; â€Å"drugs lessen the withdrawal symptoms, drugs lessen cravings, substitute medications that are less damaging than the primary substance of abuse, nutritional supplements, and antidepressants† (Inaba & Cohen, 2011). Some addicts do require drug use but some do not, it depends on how addicted to the substance or behavior the person was as well as how long they were using. Another issue in treatment is that new imaging techniques are being used to â€Å"visualize the structural and physiological effects of addiction on the human brain† (Inaba & Cohen, 2011). These techniques include CAT (computerized axial tomography) scans to show the damage to the brain tissues, MRI (magnetic resonance imagin g), fMRI (functional MRI), PET (positron emission tomography), SPECT (single-photon emission computerized tomography, and DTI (Diffusion tensor imaging) (Inaba & Cohen, p. 9.5, 2011) These techniques allow doctors to study the brain as the addict goes through such things as the reward cycle when using a drug. These tests will help to better understand the processes of the brain and possibly be able to further combat the problem of addiction. The more a process in understood, the more educated a doctor can be with their patient the better treatment process they can prescribe for the patient. Internet-based therapies involve â€Å"structured, treatment programs delivered via the internet that incorporate some degree of therapist interaction† (Blaszczynski, A., Gainsbury, S., 2011). The internet based therapy mostly occurs via e-mails, telephone or face to face between the client and the counselor; it can benefit a wide range of people including those with alcohol and drug addictions. It is also beneficial for those with behavioral addictions such as gambling. Internet based therapy  has been largely successful with less than â€Å"25% of people with addiction-related problems ever entering formal treatment† (Blaszcynski, 2011). The internet based therapy could be widely popular as well because it is anonymous and they do not have to attend a meeting or go out of their way to a counselor’s office. The appointments are on the person’s own time when they are available. Treatment for individuals such as the elderly depends on patient placement after they are evaluated for abuse or addiction as well as physical or psychiatric problems. Treatment is then evaluated on the risks that could affect the elderly person. There are six dimensions â€Å"established by the American Society of Addiction Medicine (ASAM): acute intoxication and/or withdrawal potential; biomedical conditions and complications; behavioral conditions and complications; treatment acceptance/resistance; relapse potential; and recovery environment† (Clay, 2010). An elderly individual struggling from addiction can also be placed in an outpatient treatment such as â€Å"brief intervention, motivational interviewing and pharmaceuticals† (Clay, 2010). It is recommended that the least intensive approach be considered first and then the condition be further assessed. Individuals who are addicted to heroin have a treatment that is called Opioid Substitution Treatment (OST) this involves prescribing opioids to those who are opioid dependent. A person who is addicted to heroin will go through â€Å"daily withdrawal symptoms, and are at increased risk of persisting in use of heroin and other drugs.† (Bell,2012). The i dea is to prescribe low dosage methadone (30-60 mg a day) or buprenorphine (4-8mg/day) to help control the withdrawal symptoms. Another reason for this approach is, â€Å"at higher methadone doses, people become more tolerant to opioids, and blocking the effects of heroin and suppressing continued heroin use† (Bell, 2012). Another approach to treatment is coerced treatment. Coerced treatment is when it is â€Å"mandated by the criminal justice system, through drug courts mandatory sentencing, probation/parole stipulations, and state or federal legislation requiring compulsory treatment† (Inaba & Cohen, 2011). The Drug Treatment Alternative-to-Prison program measured the effectiveness of the treatment programs that were mandatory and found reductions in the re-arrest rate, reconviction rate and return to prison rate. The downfall to the coerced programs is that there may not be space available for people who want to voluntarily get help before they are  arrested or in trouble with the legal system. The reduction in the economy over the years has caused a lot of government funded programs to be closed due to funding issues, leaving less places for addicts to go for help. (Inaba & Cohen, 2011). Christian Worldview Implications Addictions can come in many shape and forms to a Christian counselor. There are sexual addictions, gambling addictions, alcohol addictions, substance addictions etc. From a biblical standpoint a Christian counselor would want to introduce biblical morals and values so the person can rely on a higher power other than themselves to overcome the addiction. Addictions come straight from the devil when they are attacking a person and causing them to sin. A counselor should consider themselves to be warriors of God in the war against addictions. There are many in the Christian environments that consider addiction to be an act of will. A church congregation may not take an addiction as seriously as they would take someone who was diagnosed with cancer. It is important that the counselor help the client see that their addiction is important to overcome, confessing their addiction and the problem with it can be the first step when a person is struggling with an addiction. The person may feel that it is easier to hide the addiction rather than admit there is a problem, but to confess the sin is the most important first step. References Bell, J. (2012). Buprenorphine in The Treatment of Heroin Addiction. Dusunen Adam: Journal Of Psychiatry & Neurological Sciences, 25(2), 93-100. doi:10.5350/DAJPN20122502001 Blaszczynski, A., Gainsbury, S. (2011). A systematic review of Internet-based therapy for the treatment of addictions, Clinical Psychology Review. Vol. 31(3). Carlson, D., & Carlson, H. (2013). Addiction : The brain disease. Madison, CT, USA: Bick Publishing House. Clay, S. W. (2010). Treatment of addiction in the elderly. Aging Health, 6(2), 177-189. doi:http://dx.doi.org/10.2217/ahe.10.14 El-Guebaly, N., Mudry, T., Zohar, J., Tavares, H. and Potenza, M. N. (2012), Compulsive features in behavioural addictions: the case of pathological gambling. Addiction, 107: 1726–1734. doi: 10.1111/j.1360-0443.2011.03546.x Inaba, D. S. & Cohen, W. E. (2011). Uppers, downers, all arounders: Physical and mental effects of psychoactive drugs. (7th ed.). Medford, OR: CNS Productions James, R. L. (2012). Sexuality and addiction. Westport, CT, USA: ABC-CLIO. McLachlan, A. D., & Starkey, N. J. (2012). The classification of substance and behavioural addictions: a preliminary investigation. New Zealand Journal of Psychology, 41(1)

Action Paper Research

Action Paper Research Action Paper Research Action Paper Research: Active Team-work! If you have got an assignment to write an action research paper, you should pay special attention to this task. The matter is that the action paper research is rather different from other kinds of the academic research. So, to cope with your task you should understand what exactly you should do. This article will help you make head or tail of what the action paper research should include and in what way it should be made. Action paper research What is this? The purpose of the action paper research becomes clear from the very definition of this kind of research. It is to find the appropriate solution of the problem in question by taking certain actions. That means that you should not just study some informational materials on the issue and make your conclusions but make different observations, conduct interviews or work out some questionnaires in order to get necessary data. This is one of the peculiar features of the action paper research that distinguishes it from other kinds of the academic research. Besides, another characteristic of the action paper research should be mentioned. It is the team work. You do not make your research by yourself but work in team. All your actions should be concerted in order to make the thorough research. What stages should the action paper research writing follow?Brainstorming. Think over the problem you would like to investigate. Planning. Plan your research. What actions will you take? Collecting of data. Collect the information necessary for your research. Analyzing of information. Study the problem relying on the obtained results. Making conclusions. Make your conclusions. Writing an action research paper from scratch After your action paper research is completed it should be presented properly. In what way should an action research paper be written? As a rule, it has the same constituent parts as any other research paper:Title page; Table of contents; Abstract; Introduction; Main body (that presents the methods of research, the details of the issue, the results of the study and the discussion); Conclusion; Reference list. As usual, an action research paper should be written in accordance with the APA format requirements. So, this is the main information about in what way the action paper research should be made and how it should be presented. If you face any difficulties, do not hesitate to contact us! We are always ready to help you!

B.F. Skinners theory, positive reinforcement essays

B.F. Skinner's theory, positive reinforcement essays In B.F. Skinner's theory, positive reinforcement is defined as a presented stimuli that works to increase or strengthen the probability of a response. An example of this would be a food treat for a dog in return for sitting behavior. A negative reinforcement is defined as the removal of stimuli that acts to increase or strengthen a response. An example of this would be yelling at a child to stop crying, and having the crying behavior stop. While the action of yelling was negative, the response was positive, in that the child stopped crying, thus increasing the likelihood that a person will yell to get the child to stop crying. Punishment is defined as an action to temporarily repress behavior, such as the removal of television privileges for a child who fails a class. This "punishment" would temporarily serve as a repression to the behavior of receiving bad Walden II, B.F. Skinner's world of utopia, is a model illustration of what needs to be done in order for humans to be happy, rather than just furthering the happiness of the ruling class or the majority. The idea that humans are born with nothing, that we are then the product of our history, and thus, that we learn all the problems we have, is a wonderful idea. If this were true, then Walden II would work: no one born in the world would learn the behaviors, and everyone who had previously learned them could simply unlearn them. Without social pressures, and with all needs met, there would be no need for corruption. In the modern world, however, this idea is just that: an idea. Even if all the technologies were in place, we now know, through modern medicine and psychiatry that some behaviors are inane, and thus very difficult to unlearn. While life in Walden II would be blissful, it would also be impossible. Secondary reinforcers are those that get their power from associations with primary reinforcers...

Religious Private Schools

Religious Private Schools As you browse private school profiles, you will usually see a school’s religious affiliation listed within the description. While not all  private schools  have religious affiliations, many do, and many families have questions about these private institutions. What is a nonsectarian or non-denominational  school? In the private school world, you may see schools listed as nonsectarian or nons include schools like  The Hotchkiss School  and  Annie Wright School. The  opposite of a nonsectarian school  is a sectarian school. These schools will describe their religious affiliations as Roman Catholic, Baptist, Jewish, and so on. Examples of sectarian schools include  Kent School  and  Georgetown Prep  which respectively are  Episcopal  and  Roman Catholic  schools. What is a religious private school? A religious private school is simply a school that identifies with a specific religious group, such as Catholic, Jewish, Protestant, or Episcopal. Often these schools have curricula that include teachings of that faith in addition to a traditional curriculum, something that is often referred to as a dual curriculum. These schools are usually independently funded, meaning they depend on tuition dollars and/or fundraising efforts to operate. What is a parochial school? Most people associate the term  parochial school with Catholic school. In general, parochial schools are usually private schools that receive financial support from a particular church or parish, meaning the funding of a parochial school primarily comes from the church, not tuition dollars. These schools are sometimes referred to as church schools by the Catholic faith. They are closely connected to the church itself  and do not stand alone. Are all religious private schools considered parochial schools? No, they are not. Parochial schools are usually funded by the religious organization with which they are associated. For many, parochial typically connotes Catholic schools, but there are many religious private schools of other faiths, such as Jewish, Lutheran, and others. There are many religious private schools that are independently funded and do not receive funding from a particular church or other religious site. These are tuition driven. So, what is the difference between a parochial school and a private religious school? The biggest difference between a parochial school and a private religious school is money. Since private religious schools do not receive funding from a religious institution, instead  relying on tuition dollars and fundraising to operate, these schools often carry higher tuition rates than their parochial counterparts. While many parochial schools carry lower tuition rates, it is important to remember that many private schools, including both religious and nonsectarian schools, offer financial aid to qualified families who cannot afford tuition.   Can you attend a school affiliated with a religion other than yours? This answer will vary from school to school, but often the answer is an enthusiastic, yes!  Many religious schools  believe that educating others about their religion is important, regardless of the student’s own personal beliefs. As such, most institutions accept, and even welcome, applications from students of all faiths and beliefs. For some families, it is important for the student to attend a school that is affiliated with the same religion. Yet, there are many families who enjoy sending their children to  religious schools  regardless if the families have the same religious beliefs. An example of this is  Milken Community Schools  in Los Angeles, California. One of the largest Jewish schools in the country, Milken, which serves students in grades 7-12, is known for enrolling students of all faiths, but it has certain requirements for Jewish studies for all students. Why should I consider sending my child to a religious school? Religious schools are often known for the values they instill in children, and many families find this comforting. Religious schools are usually known for their ability to embrace differences and promote tolerance and acceptance, as well as teach the lessons of their faith. This can be an interesting learning experience for a student who is not familiar with a particular religion. Many schools require that the students participate in the religious customs of the school, including attending classes and/or religious services, activities and learning opportunities, which can help students become more comfortable in unfamiliar situations.