Microcredit's effects on household's Bangladeshi perspective on fish producers' earnings and expenses

Purpose: The primary objective of this research is to conduct an assessment of how access to microcredit facilities influences household expenses and income patterns among fish farmers in Bangladesh. Design/methodology/approach: Using data collected from long panel surveys over a period of two years, this research explores of how access to microcredit facilities influences household expenses and income patterns among fish farmers in Bangladesh. Statistical analysis was then conducted through statistical analysis models, an aspect that detailed the use of regression analysis and paired t-tests in the evaluation of the changes in the fish producer’s expenses and earnings. Findings: The findings of the research revealed that fish producers in Bangladesh with microcredit privileges experienced a significant increase in their average monthly incomes citing a mean increase of close to 28%, p<0.01, with notable changes in their expense’s patterns primarily in feeds and investments in fishing equipment. Outcomes of the control group further revealed minimal changes in costs and earnings. Originality / value: Microcredit facilities as revealed in this research enhance the economic stability and sustainability of fish producers in different regions in Bangladesh, increasing earnings or income and more strategic use of expenditures. The findings detail the essence of microcredit facilities in fostering and establishing sustainable livelihoods within the Bangladeshi fishing community.