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

  • Hafiz Saqib Mehmood Najmi Superior University, Lahore, Pakistan.
  • Farrukh Bashir The Islamia University of Bahawalpur, Pakistan Bahawalnagar Campus.
  • Muhammad Zubair Zia The Islamia University of Bahawalpur, Pakistan Bahawalnagar Campus.
Keywords: Microfinance, Income, Health, Education, NRSP Bank, Primary Data, Minchanabad tehsil

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.

Author Biographies

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

Ph. D. Scholar of Economics.

Farrukh Bashir, The Islamia University of Bahawalpur, Pakistan Bahawalnagar Campus.

Department of Economics

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

M. Sc. Scholar of Economics

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), 41-60. Retrieved from https://journals.internationalrasd.org/index.php/pjhss/article/view/56
Issue
Vol 3 No 1 (2015)
Section
Articles
Copyright (c) 2015 Pakistan Journal of Humanities and Social Sciences