Environmental disaster and women self‐sustainability—A survey study on microfinance female clientele in Pakistan

Waseem Ul Hameed, Muhammad Haseeb, Jawad Iqbal, Leonardus W. W. Mihardjo and Kittisak Jermsittiparsert

International Journal of Finance & Economics, 2022, vol. 27, issue 3, 3599-3622

Abstract: The prime objective of this study is to investigate the role of microfinance institutions towards women's self‐sustainability in Pakistan because women are the most vulnerable community in Pakistan and in the world, too. Due to various issues like gender discrimination, women's self‐sustainability is quite low, and this accounts for the negligible contribution of women in Pakistan's economy (up to 20 to 25%). In addressing this issue, the current study adopted a quantitative research approach and cross‐sectional research design. By using a survey questionnaire, data were collected from female clients of microfinance institutions during May 1, 2018 to August 30, 2018. SmartPLS 3 was utilized to analyse the data. The results of the inquiry revealed that microfinance institutions have an essential role to play in promoting women's self‐reliance. With the help of micro‐enterprises for women, services offered by microfinance institution such as micro‐credit, micro‐savings, micro‐insurance, micro‐training and social capital have a major role in developing women's self‐sustainability. However, an environmental disaster is one of the crucial factors, which limits the positive contribution of microfinance institutions towards women's self‐sustainability. Our thorough research and knowledge on the subject indicates that the current study is the pioneer study that has investigated microfinance institutions as major facilitators of women's self‐reliance but which has been limited by many factors such as environmental disasters. Hence, the current study appears salient for microfinance institutions, the government of Pakistan and other practitioners that desire to boost women's self‐sustainability.

Date: 2022
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