Impact of Microfinance on Poverty Reduction: A Case Study of District Faisalabad

Aisha Imtiaz, Hafiz Zahid Mehmood, Waqar Akram, Muhammad Irfan

Abstract


The micro - finance program extends small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and for their families. Micro-finance enables an entrepreneur to build a business or expand the existing business and create a better change in their lives. The micro-financing institutions (MFIs) provide the opportunity for the people who are living under the poverty lines by investing the affordable funds/capital and somehow by providing their management expertise. This study shows the effect of micro-financing of small business and the implications for poverty reduction. The respondents are the clients of Khushhali Bank Ltd, District Faisalabad. The data were collected with the help of well-designed and structured questionnaire, which will be analyzed by applying FGT techniques. The results showed that the poverty has been reduced by financing the peoples.

Keywords:Micro finance, poverty, FGT


Full Text: PDF
Download the IISTE publication guideline!

To list your conference here. Please contact the administrator of this platform.

Paper submission email: JESD@iiste.org

ISSN (Paper)2222-1700 ISSN (Online)2222-2855

Please add our address "contact@iiste.org" into your email contact list.

This journal follows ISO 9001 management standard and licensed under a Creative Commons Attribution 3.0 License.

Copyright © www.iiste.org