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

Authors

  • Hafiz Saqib Mehmood Najmi Superior University, Lahore, Pakistan.
  • Farrukh Bashir The Islamia University of Bahawalpur, Pakistan.
  • Muhammad Zubair Zia The Islamia University of Bahawalpur, Pakistan.

DOI:

https://doi.org/10.52131/pjhss.2015.0301.0011

Keywords:

Microfinance, Income, Health, Education, NRSP Bank, Primary Data, Minchanabad tehsil

Abstract

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

Author Biographies

Hafiz Saqib Mehmood Najmi, Superior University, Lahore, Pakistan.

Ph. D. Scholar of Economics.

Farrukh Bashir, The Islamia University of Bahawalpur, Pakistan.

Department of Economics, Bahawalnagar Campus.

Muhammad Zubair Zia, The Islamia University of Bahawalpur, Pakistan.

M. Sc. Scholar of Economics, Bahawalnagar Campus.

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Published

2015-06-30

How to Cite

Najmi, H. S. M., Bashir, F., & Zia, M. Z. (2015). Socioeconomic Impact of Microfinance on Borrowers: A Case Study of NRSP Bank, Minchanabad. Pakistan Journal of Humanities and Social Sciences, 3(1), 41–61. https://doi.org/10.52131/pjhss.2015.0301.0011

Issue

Vol. 3 No. 1 (2015): January - June

Section

Articles

License

Copyright (c) 2015 Hafiz Saqib Mehmood Najmi, Farrukh Bashir, Muhammad Zubair Zia

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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