Role of Microfinance in Poverty Alleviation in the Least Developed Area of Pakistan

Asian Economic and Financial Review

article

Atta Ullah¹  Chen Pinglu²  Saif Ullah³  Noman Aslam⁴  Mubasher Zaman¹ 

[1] School of Management, & Institute of Poverty Reduction and Development, Huazhong University of Science and Technology;School of Management, Chair of the Department of Financial Management, & Vice Dean and Leader of the Institute of Poverty Reduction and Development, Huazhong University of Science and Technology;Faculty of Management Sciences, Shaheed Zulfikar Ali Bhutto Institute of Science and Technology;MBA, Pakistan Institute of Development Economics

关键词: Poverty alleviation;    Microfinance;    Basic needs;    Living standards;    Entrepreneurial skills.;   

DOI  :  10.18488/journal.aefr.2020.1012.1430.1452

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

Microfinance is regarded as a tool to support the reduction of poverty and this study aims to determine its effect on poverty alleviation in the least developed area of Pakistan. The study is based on primary data collected from a sample of 250 less-educated people who had availed themselves of MFI services, and regression and crosstab analyses performed to assess the performance of microfinance in meeting basic needs, improving living standards, and the usage of microfinance to enhance income levels. The results revealed a significant, positive relationship between microfinance and poverty alleviation. The study recommends that MFIs should offer training sessions before advancing credit as most of the clients may not be well educated or skilled and need entrepreneurial skills, business knowledge, and guidance.

【 授权许可】

CC BY