Impact of Islamic microfinance on poverty: A case study of Pakistan
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Date
2015
Authors
Journal Title
Journal ISSN
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Publisher
UNIVERSITY OF MANAGEMENT AND TECHNOLOGY
Abstract
In 1970s microfinance was introduced for the first time and now Islamic microfinance has been proved as a successful tool for poverty alleviation. The purpose of this study is to evaluate the Impact of Islamic microfinance on poverty in Pakistan. This research project was designed to study Islamic microfinance institutions and the impact of the Islamic Microfinance Institutions on their clients in Pakistan. Questionnaire, Group Discussions and Interviews were conducted for data collection. Primary data was collected through structured questionnaire, interviews and group discussions from Islamic Microfinance beneficiaries and clients where as secondary data is collected through online journals, articles and findings of already conducted surveys. The sample selection technique was non probability and convenience based. The variables were Living Standard of Islamic Microfinance clients, Income Level, Health conditions, availability of Islamic Microfinance, Islamic Microfinance innovative products and level of knowledge. In this descriptive research study I found that Islamic microfinance had positive impact on its beneficiaries in the country. I, on the basis of this research study, have no doubt in saying that the Islamic Microfinance product line needs to be innovative to benefit more untapped and potential clients of Islamic Microfinance in financially excluded segments of this country for ultimate poverty alleviation and generation of economic activities. Finally, it is explicitly stated that this research work is as original as done by the candidate solely which was not utilized for any other academic title and would be a good contribution to research studies in Islamic Microfinance industry and may identify the future areas of research for Islamic microfinance researchers.
Description
Supervisor: Dr. Talat Hussain
Keywords
MS Thesis, Islamic microfinance, Poverty alleviation, Potential & funding sources