There is an ongoing debate on how to provide sufficient opportunities for individuals to escape the woes of poverty. Small and medium enterprises are one way to do that. However, capital is required and traditional means of obtaining it are inaccessible. This is where Microfinance Institutions (MFI) come in and provide microcredit, even if no collateral is present. Despite this availability and accessibility, in Bangladesh take-up is unexpectedly low. This issue is well-known in the literature, as is the fact that microcredit might lack the long-lasting social impact economists foresaw.