BARAI Munim Kumar    Department   Ritsumeikan Asia Pacific University  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.