EFFECTIVENESS OF MICRO FINANCING FOR POVERTY ALLEVIATION: A CASE STUDY OF TAMEER MICROFINANCE BANK

Muhammad Waqas Chughtai, Muhammad Fazal Zaheer, Sania Taj

Abstract


Poverty is a serious issue which is faced by masses around the world. This study aims to determine whether the microfinance institutions established for the purpose of reduction of poverty have been successful in achieving their objective or not. Primary data was collected for the proposed research study through structured questionnaires. In order to analyze the collected data multiple liner regression and paired t-test were applied. Results show that microfinance has a strong positive impact on children education and enterprise financial performance. However, there is mixed evidence found on food security, household expenditures and household assets. No impact has been observed on housing and income smoothening of enterprise. Among other independent variables, it was revealed that number of salaried persons was found to be very important variable contributing to the wellbeing of the microfinance clients. This research has made a significant contribution in unraveling some of the myths of microfinance hence advancing literature and research on this important issue.


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ISSN : 2251-1555