“Money does not understand disability”: Barriers to microfinance for people with disabilities in Bangladesh

Abstract

Due to limited access to affordable financial products and services, many people with disabilities experience social exclusion and struggle to secure their financial well-being. While microfinance has been widely used in Bangladesh for more than three decades as a tool to reduce poverty and empower people living in poverty, few people with disabilities have had access to microfinance services. Therefore, the aim of this research is to identify the barriers and challenges that people with disabilities experience to access microfinance in Bangladesh. Drawing on a qualitative case study approach, the findings of a thematic analysis show that people with disabilities experience significant barriers in accessing microfinance such as stigma against people with disabilities, stringent credit conditions, negative staff attitudes, insufficient training, and the absence of an integrated approach. The research suggests that inclusive policies and their effective implementation are vital to ensure that people with disabilities have access to financial resources so that they could work to enjoy greater socio-economic independence and contribute equally to society with others.