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

Najmi, Hafiq Saqib; Bashir, Dr. Furrukh; Zia, Muhammad

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

Pakistan Journal of Humanities and Social Sciences, Vol. 3, No. 1, January-June 2015

21 Pages Posted: 14 Jan 2016

See all articles by Hafiq Saqib Najmi

Dr. Furrukh Bashir

University of the Punjab (PU) - Department of Economics; The Islamia University of Bahawalpur, Pakistan

Muhammad Zia

The Islamia University of Bahawalpur, Pakistan

Date Written: 2015

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.

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

JEL Classification: C83, D31, I10, I20, Y10

Suggested Citation: Suggested Citation

Najmi, Hafiq Saqib and Bashir, Furrukh and Zia, Muhammad, Socioeconomic Impact of Microfinance on Borrowers: A Case Study of NRSP Bank Minchanabad (2015). Pakistan Journal of Humanities and Social Sciences, Vol. 3, No. 1, January-June 2015, Available at SSRN: https://ssrn.com/abstract=2714525