BARAI Munim Kumar
   Department     College of International Management
   Position   Professor
Research Period 2012/04~2016/03
Research Topic Developing new financial institutions in Japan - application of the Grameen Bank Model
Research Type Individual Research
Research Division KAKENHI Research
Consignor Japan Society for the Promotion of Science
Research Program Type Grant-in-Aid for Scientific Research (C)
KAKENHI Grant No. 24530382
Responsibility Representative Researcher
Representative Person BARAI Munim Kumar
Collaborative Researcher SUZUKI Yasushi
Details The research was devoted to structuring a microfinance institution in Japan modelled upon the 'Grameen Bank' (GB) of Bangladesh. The outcome indicates that any Japanese microfinance institution should be restructured by giving emphasize on size, ownership structure, method of capitalization, mode of lending, areas of financing, rate of interest, monitoring and loan repayment mechanism and so on. On capitalization, an interesting idea has emerged on the initial source of capitalization. Reportedly, different banks in Japan have accumulated a vast amount of unclaimed fund over a period of time. The outcome suggests the development of a legal mechanism to provide initial finance for a microfinance institution from that fund. Private participation may also be assessed. The research resulted in a good number of articles published in research journals. The researcher also visited Bangladesh, India and England for field study and seminar presentations.