ISSN: 2225-8329
Open access
The purpose of the research paper is to measure the impact of Microfinance on Bahawalpur District. Main Microfinance Institutes in Bahawalpur are National Rural Support Program (NRSP) Microfinance Bank (MFB), Tameer Microfinance Bank, Khushhali Bank, First Microfinance Bank and Kashf Foundation. For this report data has been collected through questionnaire, descriptive research and interviews from Microfinance Banks and some of their clients. Mostly in our rural areas credit is not available to the farmer on time or they can get it only on very high interest rate. So there is great potential of Micro Financing in Bahawalpur region. Many developing countries like Bangladesh, India, Sri Lanka and Pakistan are using microfinance to increase the living standard of their people. But in Pakistan main focus of Microfinance Institutes (MFIs) was only to give credit. This paper mainly focuses on the impact of NRSP on this area, so borrowers have been taken as sample from NRSP and customers are selected randomly. Increase in income level and customer satisfaction level was observed in this report but this increase is not so significant. There are still high potential markets that need micro finance. Rate of interest charged by these MFIs are very high and their main focus is on Agriculture sector only. There is a strong relationship between microfinance and poverty alleviation. The results also showed that Microfinance Scheme help people to improve their living standard and provide them financial opportunity to expand their business. Microfinance is the key strategy that leads to quick revival of economy, increase in living standards and empowerment.
Ahmed, S. (2009). Microfinance institutions inBangladesh: achievements and challenges. Managerial Finance , Vol. 35 No. 12, 999-1010.
Akram, M., & Hussain, I. (2011). The Role of Microfinance in uplifting Income Level:A study of District Okara - Pakistan. Interdisciplinary Journal of Contemporary Research in Business , Vol. 2, No. 11.
Anayo, D., Nkamnebe, E. I. (2011). Rcovery of micro credit in Nigeria: Implications for enterprise development and poverty alleviaton. Management Research Review , 34 (2), 236-247.
Awojobi, O., & Bein, M. A. (2011). Microfinancing for Poverty Reduction and Economic Development; a Case for Nigeria. International Research Journal of Finance and Economics (72), 159-168.
Credit delivery and sustainability of micro-credit schemes in Nigeria". (2009). Journal of Enterprising Communities: People and Places in the Global Economy , 71-83.
Dusuki, A. W. (2008). Banking for the poor: the role of islamic banking in microfinance initiatives. Humanomics , 24 (1), 49-66.
Hossain, M. K. (2012). Measuring the Impact of BRAC Microfinance Operations: A Case Study of a village. International Business Research , Vol. 5, No. 4.
Mahmood, S. (2011). Microfinance and women entrepreneurs in Pakistan. International Journal of Gender and Entrepreneurship , 3 (3), 265-274.
Obamuyi, T. M. (2009). Credit delivery and sustainability of micro-credit schemes in Nigeria. Journal of Enterprising Communities: People and Places in the Global Economy , 3 (1), 71-83.
Okpara, G. C. (2010). Microfinance Banks and Poverty Alleviation in Nigeria. Journal of Sustainable Development in Africa , 12, No.6,, 177-191.
Shirazi, N. S., & Khan, A.U. (2009). Role of Pakistan Poverty Alleviation Fund’s Micro Credit in Poverty Alleviation. A Case of Pakistan. Pakistan Economic and Social Review , Volume 47, No. 2, 215-228.
In-Text Citation: (Ayuub, 2013)
To Cite this Article: Ayuub, S. (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, 3(1), 490–509.
Copyright: © 2021 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode