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Microcredit for rural poverty alleviation and social well‐being: A study of Sabah, Malaysia
Author(s) -
Wahab Haris Abd,
Bunyau William,
Rezaul Islam M.
Publication year - 2018
Publication title -
asian social work and policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.286
H-Index - 13
eISSN - 1753-1411
pISSN - 1753-1403
DOI - 10.1111/aswp.12133
Subject(s) - poverty , economic growth , business , unemployment , intervention (counseling) , socioeconomics , economics , medicine , nursing
Microcredit is an influential intervention used to alleviate poverty and improve social well‐being in rural communities in Sabah, Malaysia. This study examined the effects of a microcredit scheme, Amanah Ikhtiar Malaysia ( AIM ), on the well‐being of these communities. Using a survey method, a pre‐tested interview schedule was administered to 277 AIM recipients in Sabah, Malaysia. Social well‐being was examined based on the three indicators of Midgley's social development approach: the management of problems, the fulfillment of basic needs, and social opportunities provided. AIM microcredit schemes were successful in improving the well‐being of AIM recipients, although the recipients faced a number of problems, including unemployment, lack of education, and access to public services and healthcare facilities. The findings of this study represent a useful guideline to the AIM authority, development practitioners, policymakers, and governmental organization and non‐governmental organization workers.

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