Impact of Micro Finance on Socio Economic Empowerment of Women: A Case Study of District Nowshera, Pakistan
Abstract
Microfinance is most widely used in developing countries as a tool to remove poverty and empower
women all over the world socially and economically. Microfinance empowers women by positively influencing
their socio-economic status and their ability of decision making. Present study throws light on District
Nowshera to know about the impact of microfinance on poor women and outcomes there off. The target
population of the present study are those women who had availed microfinance facility from our selected
microfinance providers in Nowshera i.e. Khushali bank, Akhuwat NGO and Helping hands for relief and
development. A sample size of 120 female has been selected randomly. Primary data will be collected with the
help of questionnaires and secondary data through journals, articles and reports related to the topic. Chi-square
method will be used to compare the observed and expected results for verification of specific hypothesis.
Results of the study show that microfinance plays vital role in women empowerment. It has positive impact on
their status, living standards, expression of their feeling and liberty. It is found that microfinance helps in
poverty reduction of their female clients and makes them able to maintain their families and fulfillment of the
purpose for which they have acquired loan. Furthermore, this study also shows that microfinance helps to boost
the confidence and skills of many females and they become able to take decisions regarding to use of their
income. So it confirms that microfinance serves as a catalyst towards women empowerment in socio economic
sector of the area.
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