Demand and Supply Gap of Microcredit: A Case of Akhuwat Foundation in Khanewal

Khuda Bakhsh, Sami Ullah and Saleh Sohail

Journal of Education and Social Studies, 2024, vol. 5, issue 3, 304-308

Abstract: Akhuwat Foundation has initiated the program of interest-free micro-credit to support the financial requirements of small farmers in various districts of Punjab. This study is designed to find out whether interest-free micro-finance is sufficient for the requirements of small farmers or whether there exists a gap between demand and supply in Khanewal district. A total of 290 small farmers were selected randomly from the list available with the office of the Akhuwat Foundation. A well-structured questionnaire was used to collect information from the farmers. The logit model was used to determine the factors affecting the demand-supply gap of interest-free micro-credit. Farm size, year of schooling, farming experience, and distance of the farm from the office of Akhuwat Foundation are important determinants affecting the demand-supply gap. Minimizing the gap between supply and demand of micro-credit would benefit the small farmers in order to improve the livelihood and welfare of the poverty-stricken community.

Keywords: Interest free micro credit; Akhuwat Foundation; Demand of interest free micro credit; Farmers; Pakistan (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:adx:jessjr:v:5:y:2024:i:3:p:304-308

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