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

Hafiz Saqib Mehmood Najmi, Farrukh Bashir and Muhammad Zubair Zia ()
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Hafiz Saqib Mehmood Najmi: Superior University, Lahore, Pakistan.
Muhammad Zubair Zia: The Islamia University of Bahawalpur, Pakistan Bahawalnagar Campus

Pakistan Journal of Humanities and Social Sciences, 2015, vol. 3, issue 1, 41-61

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 (search for similar items in EconPapers)
JEL-codes: C83 D31 I10 I20 Y10 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ani:ipjhss:v:3:y:2015:i:1:p:41-61

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