Influence of Microfinance and Empowerment on Satisfaction: Case Study of Pakistan (original) (raw)
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Microfinance and Its Contribution towards Women Empowerment: A case-study on Pakistan
Developing Country Studies, 2015
This paper explores the fact that how microfinance has contributed in the well-being and empowerment of women. AHP and factor analysis is used to screen out variables and then further their indexes are formulated. Then linear regression is applied. This study reveals the fact that microfinance has contributed to the well-being as well as empowerment of women. After participating in Microfinance program, now women are more involved in major household purchases, their ability to make small purchases increases, their increased participation in child related decisions like their education, their marriages etc., they are more respected by their husbands as they have started serving as an input in the overall household income, their tensions have been decreased and their survival have become easier leading to the well-being of the household. The physical mobility of women and the managerial control over the loan that are on the women's name have also been increases.
Microfinance and Women Empowerment: A Case Study of Khushali Bank Microfinance Pakistan
Elementary Education Online, 2020
Empowerment of women is one of the important issues in developing countries. Women are an integral part of the society, their participation in decision making through their participation in economic activities is very low. Microfinance plays a significant role in improving women decision making through participation in economic activities. The study is an attempt to explore the socioeconomic determinants of women empowerment, focusing on the women who have availed the micro-credit. Women empowerment is measured by constructing simple index based on five indicators related to child health, education, selection of spouse of children, purchase of basic goods and decision of household savings. The results based on the primary data of District Bahawalpur show that women empowerment is considerably influenced by age, education of husband, father inherited assets, marital status, number of sons alive and amount of microfinance. The study decomposes data into two subsets showing where the loan is utilized by women themselves and where the loan is utilized by other members of the household, like husband, father or head of household. It is concluded that females using loan by themselves have better effects of microfinance on empowerment as compared to the loans utilized by other members of the household. Finally, it is concluded that microfinance as a major explanatory variable of the study has shown positive effect on empowerment of women but not as much as it was expected. It is suggested that along with provision of education and family protection the enlarged volume of microfinance and its utilization by the woman must be ensured. Microfinance institutions should strengthen and expand their support to women for their empowerment.
International journal of scientific research, 2016
Growth with Equity is the key to development for any nation. The structure of the society determines the role of women with in the household and the society. Women have always been disadvantaged with respect to access to credit and other financial services. Out of the world's total population under poverty, 70% are women. The formal financial system focuses on men, neglecting women who form a large part of informal economy. Microfinance activity across the world target women clients as they are considered to be more reliable. The objective of this study is to investigate the self-perception of empowerment of the microfinance member beneficiaries. Non Probability Convenience sampling were applied to take a sample of 109 members if microfinance programme in the Gandhinagar district of Gujarat. Descriptive analysis and factor analysis are used as the tools to achieve the objective. Factor analysis found three dimensions of perception of empowerment such as personal empowerment, eco...
Microfinance and women empowerment: A case study of District Bahawalpur (Pakistan)
African Journal of Business Management, 2012
Empowerment of women is one of the important issues in developing countries. Women are an integral part of the society, their participation in decision making through their participation in economic activities is very low. Microfinance plays a significant role in improving women decision making through participation in economic activities. The study is an attempt to explore the socioeconomic determinants of women empowerment, focusing on the women who have availed the micro-credit. Women empowerment is measured by constructing simple index based on five indicators related to child health, education, selection of spouse of children, purchase of basic goods and decision of household savings. The results based on the primary data of District Bahawalpur show that women empowerment is considerably influenced by age, education of husband, father inherited assets, marital status, number of sons alive and amount of microfinance. The study decomposes data into two subsets showing where the loan is utilized by women themselves and where the loan is utilized by other members of the household, like husband, father or head of household. It is concluded that females using loan by themselves have better effects of microfinance on empowerment as compared to the loans utilized by other members of the household. Finally, it is concluded that microfinance as a major explanatory variable of the study has shown positive effect on empowerment of women but not as much as it was expected. It is suggested that along with provision of education and family protection the enlarged volume of microfinance and its utilization by the woman must be ensured. Microfinance institutions should strengthen and expand their support to women for their empowerment.
The present study aimed to examine improvements in the quality of life of women utilizing microfinance in urban Lahore, Pakistan. Random sampling was used to identify 5 microfinance providers in the region, and at a second stage of the study, quota sampling was used to interview 149 women users from microfinance site offices. A questionnaire was developed to measure quality of life in four categories: economic, family, health, and decision-making ability. Data was analyzed through the mixed methods approach of reporting descriptive statistics with user comments and use of multivariate regression analysis. Findings reveal that majority women users of microfinance are poor, illiterate, and employed as unskilled labor. Of significance is that some non-economic variables of quality of life were evidenced to improve after loan-taking. Multivariate logistic regression was performed to obtain an odds ratio of relationships between loan portfolio characteristics and improved quality of life. It was evidenced that group borrowing, use of loan for self, not taking loan repayment assistance from household members, attending monthly meetings, and receiving skill and development training all displayed higher odds of improved quality of life in women users. It is recommended that microfinance service provision should not be limited to financial services and should include urgent and compulsory social development features for women clients.
Women empowerment and microfinance: A case study of Pakistan
AFRICAN JOURNAL OF BUSINESS MANAGEMENT, 2012
The aim of this study is to highlight the role and effectiveness of microfinance in empowering women. The data used for this study were collected from Women empowerment index (WDI) and the book of Pakistani statistics. An empirical investigation was carried out by using Johansen co integration approach to evaluate the long-term correlation between poverty, growth, and microfinance and women empowerment. To analyze women empowerment, a study index was designed. The results of this study demonstrated that there is a positive and significant correlation between women empowerment and the chosen variables with respect to Pakistan.
Effect of Microfinance on Women Empowerment: A Case Study of Pakistan
Women empowerment is a pivotal issue of developing counties, particularly in Asia and Africa. Zero poverty and gender equality are the distinctive goals among SDGs of UN. Considering the empirically tested impact of microfinance on women empowerment in different regions of the world, this paper assesses the impact of microfinance on empowerment and poverty alleviation in women living in Pakistan. This impact has been analyzed comprehensively with better empirical methodology (Ordinary Least Square -OLS and Propensity Score Matching -PSM) and comparatively a larger cross-sectional dataset of 670 respondents. From the values of the responses, Multidimensional Poverty Index (MPI) has been developed to assess the multidimensional poverty levels of the respondents. Results showed that exposure to microfinance has a positive impact on women empowerment, poverty alleviation, and social status of women by raising their income level. Therefore, it is concluded that microfinance and MFIs are considered to be an effective mechanism for attaining the SDGs in Pakistan.
Role of Microfinance Institutions in Women Empowerment: A Case Study of Akhuwat, Pakistan
Gender discrimination is a persistent problem faced by women all over the world, which has ledto the need to empower women for uplifting their status as recognized by Millennium Development Goals (2010). The present study focuses on the role of microfinance in empowering women and also acknowledges its' significance in alleviating poverty. The researcher used qualitative approach and case study method for in depth analysis of the phenomenon in context of Akhuwat, an interest free microfinance organization. It was recognized that microfinance brings about changes in women's lives: household condition, family wellbeing and social status. It is improved by availing the services of microfinance institution and interest free loans further add to their well-being. Present study focused on four background variables to examine their influence on decision making ability of women in aspects of their domestic and social life. Age, education, marital status and family type are important contributing factors that influence women's empowerment. It was also observed that women are more inclined to be altruistic and spend most of their income on their families. The present study can be further extended by incorporating more factors and increasing sample size in order to get more significant results.
International Journal of Economics and Financial Issues, 2018
Economic empowerment include, women decision making at different levels; women participation in economic and social matters, women’s access and control over resources, access to options, access to have health and education facilities, control and choice to use resources, options to make life choices. Microfinance has been seen instrumental in economic empowerment of women. The study focused on the impact assessment of microfinance on economic empowerment of women in Lahore, Pakistan. A disproportionate stratified random sampling technique was used to draw a sample of 175 respondents/female clients of Akhuwat foundation from Lahore city. Data were collected through questionnaire containing five point Likert scale. Some exemplary cases have also been added in order to observe and understand the phenomenal success of poor women. Data were analyzed through Linear regression performed on SPSS.v.20. It has been found that microfinance has a considerable impact on economic empowerment of w...
the Impact of mIcrofInance on Women’s Empowerment in Bench Maji Zone
2017
Microfinance program is a key strategy in promoting women’s empowerment. Microfinance and women’s empowerment is a debatable issue. Besides, no empirical studies have been conducted in Omo Microfinance institution in Bench Maji Zone on this issue to the best knowledge of the researchers. Thus, this study examines the impact of microfinance on women’s empowerment in the case of Omo Microfinance Institution in Bench Maji Zone. The study adopts mixed research approach to test the hypotheses and address research questions. The data was collected from 371 Omo Microfinance Institution in Bench Maji Zone clients and the collected data was analyzed by using Logit regression Model. The findings of the study shows that level of education ,marital status ,duration of involvement in OMFI , loan size , involvement in income generating activities, household income and saving habit has statistically significant impact on women’s empowerment. In contrast age of respondent is not statistically signi...