Open AccessFactors Determining the Effective Role of Microfinance
Author(s) -
Shahina Imran,
Rana M. Imran Arshad
Publication year - 2015
Publication title -
review of economics and development studies
Language(s) - English
Resource type - Journals
eISSN - 2519-9706
pISSN - 2519-9692
DOI - 10.26710/reads.v1i2.119
Subject(s) - microfinance , empowerment , loan , interview , business , sample (material) , economic growth , demographic economics , marketing , socioeconomics , economics , finance , political science , chemistry , chromatography , law
The focus of this study is on the effectiveness of economic, social and institutional factors in manipulating the role of microfinance. It is a primary data research conducted in the Bahawalpur division, Pakistan. The sample consists of 773 respondents, belonging to different microfinance providers of Pakistan that are NRSP, AKHU, FMFB, KASHF, KB, NRSP-B, TMFB. Data has been collected through face to face structured interviewing using a questionnaire. It has been found that economic wellbeing and economic empowerment of borrowers after availing microfinance is positively affected by consumer protection, education of borrowers, experience, business training, number of employed persons, length of membership, relation to household head, area and family reaction to business activity but negatively by diversion of loan, interest rate, age of the borrowers and number of dependents.