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Socioeconomic Impact of Microfinance on Borrowers: A Case Study of NRSP Bank Minchanabad

Author

Listed:
  • Hafiz Saqib Mehmood Najmi

    (Superior University, Lahore, Pakistan.)

  • Farrukh Bashir
  • Muhammad Zubair Zia

    (The Islamia University of Bahawalpur, Pakistan Bahawalnagar Campus)

Abstract

The present study investigates impact of Microfinance (NRSP Bank) on socioeconomic status of Borrowers living in Minchanabad District, Pakistan. For this purpose, primary data of 60 respondents is collected through Questionnaire using Stratified random sampling technique. The study concludes positive influence of Microfinance on income, health, education of children, living standards and businesses of borrowers. The problems faced by borrowers are high interest rate and difficult procedure to apply for a loan.

Suggested Citation

  • Hafiz Saqib Mehmood Najmi & Farrukh Bashir & Muhammad Zubair Zia, 2015. "Socioeconomic Impact of Microfinance on Borrowers: A Case Study of NRSP Bank Minchanabad," Pakistan Journal of Humanities and Social Sciences, International Research Alliance for Sustainable Development (iRASD), vol. 3(1), pages 41-61, June.
    • Handle: RePEc:ani:ipjhss:v:3:y:2015:i:1:p:41-61
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    References listed on IDEAS

    as
    1. Independent Evaluation Group, 2008. "Consultative Group to Assist the Poor," World Bank Publications - Books, The World Bank Group, number 28056.
    2. Khandker, Shahidur R. & Samad, Hussain A., 2014. "Microfinance Growth and Poverty Reduction in Bangladesh: What Does the Longitudinal Data Say?," Bangladesh Development Studies, Bangladesh Institute of Development Studies (BIDS), vol. 37(1-2), pages 127-157, March-Jun.
    3. World Bank, 2014. "World Development Indicators 2014," World Bank Publications - Books, The World Bank Group, number 18237.
    4. Sunia Ayuub, 2013. "Impact of Microfinance on Poverty Alleviation. A Case Study of NRSP in Bahawalpur of Pakistan," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(1), pages 119-135, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Microfinance; Income; Health; Education; NRSP Bank; Primary Data; Minchanabad tehsil;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I10 - Health, Education, and Welfare - - Health - - - General
    • I20 - Health, Education, and Welfare - - Education - - - General
    • Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts

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