Microfinance Contribution towards Women Empowerment: An Empirical Evidence from Punjab

Abstract

The contribution of micro finance institutions towards women empowerment in the developing countries such as Pakistan, the main purpose of the study is giving micro finance services to poor that they are having the capacity to participate in the economic market through shaping their independent businesses. The main objective of the study is to check the contribution of microfinance institutes towards economic and domestic empowerment of women entrepreneurs. Systematic random sampling technique has been chosen and the sample size consists of 250 borrowers of Khushhali Bank from specific rural and semi-urban areas of Punjab, Pakistan. A structured questionnaire was developed and data is analysed through regression analysis by used Statistical package for social sciences. The findings of the study indicated that the Microfinance have a significant impact on economic and domestic empowerment of women after utilization of loan. The study makes policy recommendations to guide development of microfinance interventions that are very beneficial to the MFI’s clients and will be helpful in the economic condition of our country, Pakistan.

Keywords: Micro-Finance loan, Economic Empowerment, Domestic Empowerment, Khushhali Bank.