Money and Microenterprises in Bhutan

The book Money and Microenterprises in Bhutan is based on empirical study. IT investigates how microfinance system applies to Bhutan, assesses the problems and prospects of microenterprises and analyses the role of various agencies, particularly the financial institutions in meeting the vital needs of the microenterprises for finance. It is said that the major problem of the microenterprises is financial in nature. Providing an overview of economic development and growth of microenterprises in Bhutan, the book confirms that microenterprises have started as early as human inhabitation and were rural based. In Bhutan they began in the form of Zorig Chug Sum (thirteen arts and crafts), which were slacked in the face of development. Growth of microenterprises in Bhutan has begun only about two decades ago. The book reflects the importance and need of microentrerprises in a developing economy like Bhutan, especially when it is moving from subsistence farming to modern economy. The book examines the role of money-lenders in lending to microenterprises, problem faced and their operating system in Bhutan. The book delves into the problems of financial systems/intermediation and answers numerous question in the subject basing its study on a basic hypothesis: Development of the financial system in Bhutan has resulted in proper and easier access to credit for microenterprises. Various other hypotheses related to this were advanced and statistically tested when required in the course of the study. The study lays a foundation in the subject to enable policy makers and future researchers to examine further the need of microenterprises and how to address their future growth and development.