Dynamics of market share in the microfinance industry in Bangladesh

We discuss evidence that the microcredit industry in Bangladesh has seen emergence of large variations in the size of the microfinance institutions operating in the market-- on the one hand, there are large national-level MFIs, while on the other hand, small localized MFIs operating only within the confines of a small area. Data from a recent survey of Pathrail union in Tangail district, a seasoned place for microcredit, reveals that within the local market competition is becoming more and more intense over time between established national-level MFIs and newly emerging local-level MFIs for market shares in terms of loan amount as well as borrowed members. Data reveals that there is market segmentation where some borrowers and MFIs opt for a package of low interest rates tied with low amount of loan disbursed and some other borrowers and MFIs settle for a package of high interest rates tied with high amount of loan disbursed. A Tobit regression estimation of member market shares in village micro credit market shows that size of the MFI, years of operation in the village, average loan size, deposit interest rates, loan amount disbursed for unique loan purposes (i.e., housing loan) are key determinants in determining MFI shares of a village microcredit market.Microcredit; Market Share; Product and Provider Characteristics of Microcredit

Using the perceptions of chemical engineering students and graduates to develop employability skills

Recent years have seen increased global industry sector demand for chemical engineers, subsequent growth of Chemical Engineering (CE) degrees, producing additional qualified graduates. The Confederation of Business Industry have regularly indicated that employers are dissatisfied with skills sets offered by graduates; a 2004 World Chemical Engineering Council (WCEC) survey of experienced and newly employed chemical engineers’ perceptions of their own work skills indicated highest importance for general transferrable skills, with technical knowledge ranked considerably lower. A decade later, we investigate whether chemical engineers, both employed and in education, have similar skills perceptions, by surveying CE undergraduates in penultimate and final years of study, and CE alumni employed in CE roles; all from the University of Strathclyde. Again, transferrable skills were perceived as most important to respondents; as undergraduates gained industrial experience, a shift in perceived relative importance of technical knowledge occurred, again similar to the WCEC survey, otherwise, alumni and students had similar opinions regarding perceived degree of learning of various skills. Alumni were more critical of the quality of education with regards to management and transferrable skills, while female participants perceived business skills as undertaught, feeling considerably overexposed to the potential of research compared to male colleagues. Focus groups showed that male undergraduates valued ‘technical knowledge’ and ‘communicating professionally’; by contrast, female graduates highlighted ‘initiative’ and ‘business skills’. Consequently, training sessions were developed, focussing on transferable skills identified as important by all groups, to be delivered during academic year inductions, aligning skills to year curricula

Effect of quantum and thermal jitter on the feasibility of Bekenstein’s proposed experiment to search for Planck-scale signals

A proposed experiment to test whether space is discretized [J. D. Bekenstein, Phys. Rev. D 86, 124040 (2012); Found. Phys. 44, 452 (2014)] is based on the supposed impossibility of an incident photon causing a displacement of a transparent block by less than the Planck length. An analysis of the quantum and thermal jitter of the block shows that it greatly diminishes the possibility that the experiment could reveal Planck-scale signals

Experimental realization of supergrowing fields

Supergrowth refers to the local amplitude growth rate of a signal being faster than its fastest Fourier mode. In contrast, superoscillation pertains to the variation of the phase. Compared to the latter, supergrowth can have exponentially higher intensities and promises improvement over superoscillation-based superresolution imaging. Here, we demonstrate the experimental synthesis of controlled supergrowing fields with a maximum growth rate of ~19.1 times the system-bandlimit. Our work is an essential step toward realizing supergrowth-based far-field superresolution imaging

Phosphorus Removal from Wastewater Using Oven-Dried Alum Sludge

The present study deals with the removal of phosphorus from wastewater by using oven-dried alum sludge (ODS) as adsorbent that was collected from Al-Qadisiya treatment plant (Iraq); it was heated in an oven at 105∘C for 24 h and then cooled at room temperature. The sludge particles were then crushed to produce a particle size of 0.5–4.75 mm. Two modes of operation are used, batch mode and fixed bed mode, in batch experiment the effect of oven-dried alum sludge doses 10–50 g/L, pH of solution 5–8 with constant initial phosphorus concentration of 5 mg/L, and constant particle size of 0.5 mm were studied. The results showed that the percent removal of phosphorus increases with the increase of oven-dried alum sludge dose, but pH of solution has insignificant effect. Batch kinetics experiments showed that equilibrium time was about 6 days. Adsorption capacity was plotted against equilibrium concentration, and isotherm models (Freundlich, Langmuir, and Freundlich-Langmuir) were used to correlate these results. In the fixed bed isothermal adsorption column, the effect of initial phosphorus concentration () 5 and 10 mg/L, particle size 2.36 and 4.75 mm, influent flow rate (Q) 6 and 10 L/hr, and bed depth (H) 0.15–0.415 m were studied. The results showed that the oven-dried alum sludge was effective in adsorbing phosphorus, and percent removal of phosphorus reaches 85% with increasing of contact time and adsorbent surface area (i.e., mass of adsorbent 50 g/L with different pH)

Dynamics of market share in the microfinance industry in Bangladesh

We discuss evidence that the microcredit industry in Bangladesh has seen emergence of large variations in the size of the microfinance institutions operating in the market-- on the one hand, there are large national-level MFIs, while on the other hand, small localized MFIs operating only within the confines of a small area. Data from a recent survey of Pathrail union in Tangail district, a seasoned place for microcredit, reveals that within the local market competition is becoming more and more intense over time between established national-level MFIs and newly emerging local-level MFIs for market shares in terms of loan amount as well as borrowed members. Data reveals that there is market segmentation where some borrowers and MFIs opt for a package of low interest rates tied with low amount of loan disbursed and some other borrowers and MFIs settle for a package of high interest rates tied with high amount of loan disbursed. A Tobit regression estimation of member market shares in village micro credit market shows that size of the MFI, years of operation in the village, average loan size, deposit interest rates, loan amount disbursed for unique loan purposes (i.e., housing loan) are key determinants in determining MFI shares of a village microcredit market

Retrieving the Coassembly Pathway of Composite Cellulose Nanocrystal Photonic Films from their Angular Optical Response.

Aqueous suspensions of cellulose nanocrystals (CNCs) are known to self-assemble into a chiral nematic liquid crystalline phase, leading to solid-state nanostructured colored films upon solvent evaporation, even in the presence of templating agents. The angular optical response of these structures, and therefore their visual appearance, are completely determined by the spatial arrangement of the CNCs when the drying suspension undergoes a transition from a flowing and liquid crystalline state to a kinetically arrested state. Here, it is demonstrated how the angular response of the final film allows for retrieval of key physical properties and the chemical composition of the suspension at the onset of the kinetic arrest, thus capturing a snapshot of the past. To illustrate this methodology, a dynamically evolving sol-gel coassembly process is investigated by adding various amounts of organosilica precursor, namely, 1,2-bis(trimethoxysilyl)ethane. The influence of organosilica condensation on the kinetic arrest can be tracked and thus explains the angular response of the resulting films. The a posteriori and in situ approach is general; it can be applied to a variety of additives in CNC-based films and it allows access to key rheological information of the suspension without using any dedicated rheological technique.M.J.M. thanks NSERC for a Discovery Gran