Empirical Evidences of the Impact of Microfinance on the Quality of Life in Quetta, Baluchistan, Pakistan

Abstract

This study evaluated the impact of microfinance on overall household financial position, accumulation of household assets and quality of life of the First Microfinance Bank (FMFB) client’s in urban zone of District Quetta. The field data was collected through structured questionnaires from 75 clients i.e. 57 members from treatment group and 18 members from control group by employing the quasi-experimental design.

The Chi-square tests results showed that the microfinance has a positive and significant impact on overall household financial position whereas, it has improved the households’ assets and qualities of life, however, the impact were insignificant among members of treatment group. It has also been observed that the clients were more interested to invest in manufacturing business activities than trading and services activities respectively.

Keywords: Microfinance, Microenterprise, Household Assets, Quality of Life.