Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Is Micro Financing ActDep...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013As poverty reduction is t...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 20131.6; Problem Statement:As...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 20132000s, was some research ...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013an important rule in rese...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013S.S= Social StatusP.S= Ps...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Tables 2; Correspondent p...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Table,3: Information abou...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Table, 4; Nature of Busin...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Table No 5; Modes of Paym...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Table No 6 ; One Sample T...
Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013and independent variable ...
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This academic article was published by The International Institute for Science,Technology and Education (IISTE). The IISTE...
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Is micro financing act as anti poverty agent in k.p.k rural areas

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Is micro financing act as anti poverty agent in k.p.k rural areas

  1. 1. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Is Micro Financing ActDeptt; Business AdministrationDep’t; Business AdministrationDep’t; Business Public Adminestration GDeptt; Business Administration Gomal University, D.I.Khan KPKDepartment; Business Public AdministrationAbstractMicro financing is one of the mostcreating employment opportunities,countries economy. But still it is not yetresearch paper we try to examine the impact of Micro financing on thesegment of our country particularlysample consist of 120 respondents in term of response from population. Secondly that data is collected fromrural areas of Peshawar, Kohat, Karak, Bannu and Lakwere quite happy with the policy of Micropeoples in rural areas. But in loan structure and installment thee is confusion for thebecause of low level of knowledge. At the same time in effective fund management also create troublesome forthe peoples.Key Words; Micro financing, PovertyBackground of the study;Pakistan is placed at number six among most popular countries with average population 187,343,000(2011 EST.) And average growth rate of 1.6% per annul. Gender ratio is 1 of man to 05 of women. Accordingto the report from trading Population in P109363831.29 in 2010, according to a World Bank report published in 2012. Rural population refers to peopleliving in rural areas as defined by national statistical offices. It is calculated aspopulation and urban population”. The average employed workforce is 57.3 million of which 26.66 million inrural and 31.02 million in urban areas. According to economic survey much of the population live in rural areasof Pakistan is age among 15 to 45 years old. According to estimates still 23.55 %people lives below the povertyratio is23.55%.d Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)202Is Micro Financing Act as Anti Poverty AgentK.P.K Rural Areas?Muh Saqib Khan;Deptt; Business Administration Gomal University, D.I.Khan KPK, Email;Saqiblecturer@gmail.comDr;Aziz Javed;; Business Administration Gomal University, D.I.Khan KPK, Email; azizjaved_mba@yahoo.comDr;Allah Nawaz; Business Public Adminestration Gomal University, D.I.Khan KPK, Email;Profallahnawaz@gmail.comNaveed Saif;omal University, D.I.Khan KPK, Email; naveedsaif_naveedsaif@yahoo.comIrfan ullah khan;; Business Public Administration, Gomal University, D.I.Khan KPKis one of the most important and growing phenomena of the world in order to reduce, and playing its role in development of developingstill it is not yet plasticized in its full span in order to get the requiredpaper we try to examine the impact of Micro financing on the socioeconomicparticularly in rural areas of KPK. There are cretin limitations in our study firstly thesample consist of 120 respondents in term of response from population. Secondly that data is collected fromrural areas of Peshawar, Kohat, Karak, Bannu and Lakki Marwat. The result shows that most of thequite happy with the policy of Micro financing. And it have greater impact over economicin loan structure and installment thee is confusion for thebecause of low level of knowledge. At the same time in effective fund management also create troublesome for, Poverty, Rural areas, socio economic condition,Pakistan is placed at number six among most popular countries with average population 187,343,000(2011 EST.) And average growth rate of 1.6% per annul. Gender ratio is 1 of man to 05 of women. Accordingto the report from trading Population in Pakistan “The Rural population in Pakistan was last reported at109363831.29 in 2010, according to a World Bank report published in 2012. Rural population refers to peopleliving in rural areas as defined by national statistical offices. It is calculated as the difference between totalpopulation and urban population”. The average employed workforce is 57.3 million of which 26.66 million inrural and 31.02 million in urban areas. According to economic survey much of the population live in rural areasstan is age among 15 to 45 years old. According to estimates still 23.55 %people lives below the povertywww.iiste.orgs Anti Poverty Agent inaqiblecturer@gmail.comazizjaved_mba@yahoo.comProfallahnawaz@gmail.comnaveedsaif_naveedsaif@yahoo.comD.I.Khan KPKof the world in order to reduce poverty,ping as well as developedin its full span in order to get the required results. In thissocioeconomic condition of the poorin rural areas of KPK. There are cretin limitations in our study firstly thesample consist of 120 respondents in term of response from population. Secondly that data is collected fromThe result shows that most of the respondentseconomic condition of thein loan structure and installment thee is confusion for the peoples of those areasbecause of low level of knowledge. At the same time in effective fund management also create troublesome forPakistan is placed at number six among most popular countries with average population 187,343,000(2011 EST.) And average growth rate of 1.6% per annul. Gender ratio is 1 of man to 05 of women. Accordingakistan “The Rural population in Pakistan was last reported at109363831.29 in 2010, according to a World Bank report published in 2012. Rural population refers to peoplethe difference between totalpopulation and urban population”. The average employed workforce is 57.3 million of which 26.66 million inrural and 31.02 million in urban areas. According to economic survey much of the population live in rural areasstan is age among 15 to 45 years old. According to estimates still 23.55 %people lives below the poverty
  2. 2. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013As poverty reduction is the basic theme of microfinance. And through effective use of Microfinanceconcept/Module many countries has oopportunities because of Micro financing. As in developing countries population is the biggest problem and byproviding opportunities through short term easy way financing these problemsmagic in providing financing what is so central to the success of the concept is to find out the potentialcommunity and providing credits or facilities to these neglected segment of county by MFI’s, MFB’s, and otherprogrammers. Where the focus is on betterment of poor people is the crux of Microfinance.Problem Statement:As commercial bank and Microfinance Banks as well as institution both provide help to poor regiment of country.In the earlier days (before 1970’s) bank dbasic requirement for loan. But after the revolutionary advent of Micro financing concept now other commercialbank also providing short term loans to poor segment. As in todays globalopportunity of the situation. Now by providing loan to poor investigate that either life of poor because case afterintroducing short term financing. Theses has to be studied keeping in view following objective is listed.Pakistan is placed at number six among most popular countries with average population 187,343,000 (2011 EST.)And average growth rate of 1.6% per annul. Gender ratio is 1 of man to 05 of women. According to the reportfrom trading Population in Pakistan “The Rural population in Pakistan was last reported at 109363831.29 in2010, according to a World Bank report published in 2012. Rural population refers to people living in rural areasas defined by national statistical offices. It is calculated as thepopulation”. The average employed workforce is 57.3 million of which 26.66 million in rural and 31.02 millionin urban areas. According to economic survey much of the population live in rural areas of Pakistanamong 15 to 45 years old. According to estimates still 23.55 %people lives below the poverty ratio is23.55%.As poverty reduction is the basic theme of microfinance. And through effective use of Microfinanceconcept/Module many countries has over copportunities because of Micro financing. As in developing countries population is the biggest problem and byproviding opportunities through short term easy way financing these problems can bmagic in providing financing what is so central to the success of the concept is to find out the potentialcommunity and providing credits or facilities to these neglected segment of county by MFI’s, MFB’s, and otherprogrammers. Where the focus is on betterment of poor people isd Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)203As poverty reduction is the basic theme of microfinance. And through effective use of Microfinanceconcept/Module many countries has over come to their population problem and try covert the problem intoopportunities because of Micro financing. As in developing countries population is the biggest problem and byproviding opportunities through short term easy way financing these problems can be controlled. There is nomagic in providing financing what is so central to the success of the concept is to find out the potentialcommunity and providing credits or facilities to these neglected segment of county by MFI’s, MFB’s, and otherers. Where the focus is on betterment of poor people is the crux of Microfinance.As commercial bank and Microfinance Banks as well as institution both provide help to poor regiment of country.In the earlier days (before 1970’s) bank doesn’t provide loan to the poor people because of they did not possesbasic requirement for loan. But after the revolutionary advent of Micro financing concept now other commercialbank also providing short term loans to poor segment. As in todays globalize world every one want to getopportunity of the situation. Now by providing loan to poor investigate that either life of poor because case afterintroducing short term financing. Theses has to be studied keeping in view following objective is listed.Pakistan is placed at number six among most popular countries with average population 187,343,000 (2011 EST.)And average growth rate of 1.6% per annul. Gender ratio is 1 of man to 05 of women. According to the reportan “The Rural population in Pakistan was last reported at 109363831.29 in2010, according to a World Bank report published in 2012. Rural population refers to people living in rural areasas defined by national statistical offices. It is calculated as the difference between total population and urbanpopulation”. The average employed workforce is 57.3 million of which 26.66 million in rural and 31.02 millionin urban areas. According to economic survey much of the population live in rural areas of Pakistanamong 15 to 45 years old. According to estimates still 23.55 %people lives below the poverty ratio is23.55%.As poverty reduction is the basic theme of microfinance. And through effective use of Microfinanceconcept/Module many countries has over come to their population problem and try covert the problem intoopportunities because of Micro financing. As in developing countries population is the biggest problem and byproviding opportunities through short term easy way financing these problems can be controlled. There is nomagic in providing financing what is so central to the success of the concept is to find out the potentialcommunity and providing credits or facilities to these neglected segment of county by MFI’s, MFB’s, and otherWhere the focus is on betterment of poor people is the crux of Microfinance.www.iiste.orgAs poverty reduction is the basic theme of microfinance. And through effective use of Microfinancever come to their population problem and try covert the problem intoopportunities because of Micro financing. As in developing countries population is the biggest problem and bycan be controlled. There is nomagic in providing financing what is so central to the success of the concept is to find out the potentialcommunity and providing credits or facilities to these neglected segment of county by MFI’s, MFB’s, and otherers. Where the focus is on betterment of poor people is the crux of Microfinance.As commercial bank and Microfinance Banks as well as institution both provide help to poor regiment of country.oesn’t provide loan to the poor people because of they did not possesbasic requirement for loan. But after the revolutionary advent of Micro financing concept now other commercialize world every one want to getopportunity of the situation. Now by providing loan to poor investigate that either life of poor because case afterintroducing short term financing. Theses has to be studied keeping in view following objective is listed.Pakistan is placed at number six among most popular countries with average population 187,343,000 (2011 EST.)And average growth rate of 1.6% per annul. Gender ratio is 1 of man to 05 of women. According to the reportan “The Rural population in Pakistan was last reported at 109363831.29 in2010, according to a World Bank report published in 2012. Rural population refers to people living in rural areasdifference between total population and urbanpopulation”. The average employed workforce is 57.3 million of which 26.66 million in rural and 31.02 millionin urban areas. According to economic survey much of the population live in rural areas of Pakistan is ageamong 15 to 45 years old. According to estimates still 23.55 %people lives below the poverty ratio is23.55%.As poverty reduction is the basic theme of microfinance. And through effective use of Microfinanceome to their population problem and try covert the problem intoopportunities because of Micro financing. As in developing countries population is the biggest problem and bye controlled. There is nomagic in providing financing what is so central to the success of the concept is to find out the potentialcommunity and providing credits or facilities to these neglected segment of county by MFI’s, MFB’s, and otherthe crux of Microfinance.
  3. 3. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 20131.6; Problem Statement:As commercial bank and Microfinance Banks as well as institution both provide help to poor regimentIn the earlier days (before 1970’s) bank doesn’t provide loan to the poor people because of they did not possesbasic requirement for loan. But after the revolutionary advent of Micro financing concept now other commercialbank also providing short term loans to poor segment. As in todays globalize world every one want to getopportunity of the situation. Now by providing loan to poor investigate that either life of poor because case afterintroducing short term financing. Theses has to be stObjectives:The main purpose of this study is to compare the performance of CB with MFIs and assessing the impact ofMicro Finance on socio- economic condition of poor people the specific objective for• To analyze the impact of MFIs on the socio• Find out difficulties during Micro financing in rural area of PKP• To suggest different strategies and policies for effective use of MicrofinanceLimitation of the study:There are cretin limitations in our study firstly the sample consist of 120 respondents in term of response frompopulation. Secondly that data is collected from rural areas of Peshawar, Kohat, Karak, Bannu and Lakki Marwat.While during interview many problem were faced. As most of the people related to research were illiterate sothey could not give satisfactory answer of technical terms like. Assets, capital e.g. at the same time visits to forflung villages was also a big problem.REVIEW OF LITERATURE;A review of the literature on the microfinance sector in Pakistan is relatively new; most of the research wascarried out to assess the impact of micthe microfinance sector reveals interest. Most of the research in this field conducted mainly from Kashf, NRSP,and the Orangi Pilot Project in Pakistan poverty alleviation programd Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)204Theoretical Model for the Research;As commercial bank and Microfinance Banks as well as institution both provide help to poor regimentIn the earlier days (before 1970’s) bank doesn’t provide loan to the poor people because of they did not possesbasic requirement for loan. But after the revolutionary advent of Micro financing concept now other commercialshort term loans to poor segment. As in todays globalize world every one want to getopportunity of the situation. Now by providing loan to poor investigate that either life of poor because case afterintroducing short term financing. Theses has to be studied keeping in view following objective is listed.The main purpose of this study is to compare the performance of CB with MFIs and assessing the impact ofeconomic condition of poor people the specific objective for the study is as following.To analyze the impact of MFIs on the socio- economic condition of poor people.Find out difficulties during Micro financing in rural area of PKPTo suggest different strategies and policies for effective use of Microfinance.There are cretin limitations in our study firstly the sample consist of 120 respondents in term of response frompopulation. Secondly that data is collected from rural areas of Peshawar, Kohat, Karak, Bannu and Lakki Marwat.ile during interview many problem were faced. As most of the people related to research were illiterate sothey could not give satisfactory answer of technical terms like. Assets, capital e.g. at the same time visits to foroblem.A review of the literature on the microfinance sector in Pakistan is relatively new; most of the research wascarried out to assess the impact of microfinance for poverty reduction in the early to evaluate the performance ofthe microfinance sector reveals interest. Most of the research in this field conducted mainly from Kashf, NRSP,and the Orangi Pilot Project in Pakistan poverty alleviation programs such as microfinance institutions in thewww.iiste.orgAs commercial bank and Microfinance Banks as well as institution both provide help to poor regiment of country.In the earlier days (before 1970’s) bank doesn’t provide loan to the poor people because of they did not possesbasic requirement for loan. But after the revolutionary advent of Micro financing concept now other commercialshort term loans to poor segment. As in todays globalize world every one want to getopportunity of the situation. Now by providing loan to poor investigate that either life of poor because case afterudied keeping in view following objective is listed.The main purpose of this study is to compare the performance of CB with MFIs and assessing the impact ofthe study is as following.There are cretin limitations in our study firstly the sample consist of 120 respondents in term of response frompopulation. Secondly that data is collected from rural areas of Peshawar, Kohat, Karak, Bannu and Lakki Marwat.ile during interview many problem were faced. As most of the people related to research were illiterate sothey could not give satisfactory answer of technical terms like. Assets, capital e.g. at the same time visits to forA review of the literature on the microfinance sector in Pakistan is relatively new; most of the research wasrofinance for poverty reduction in the early to evaluate the performance ofthe microfinance sector reveals interest. Most of the research in this field conducted mainly from Kashf, NRSP,s such as microfinance institutions in the
  4. 4. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 20132000s, was some research and surveys the development of economy in Pakistan Institute of the State Bank ofPakistan and by the Center for Applied EcFirst time, most of the studies examined the growth of microfinance developed proxy measures of service andloan repayments. This approach is based on the assumption that volunteering was increased from the point ofview of the number of overdue loan delinquencies created in the microfina1999) has been carried out successfullyAKRSP, NRSP and PRSP successful growth of small means serve and increase loan repayment, how to repeatyeoncheeul have adopted. The limitations of this approach to evaluate the perfothe width of volunteering and in-depth, range, value and the financial health of the field (Schreiner, 2002)indicates that the other dimensions of the relief that is unclear. Successful case studies that most of the later1980s, the adoption of the approach to the case and impact studies, this method has been reported was still anindividual institution or the repayment of the loan were used as key indicators of the performance of the entiresector as a deflection. Accurate picture of the advantages of these studies overestimate the actual conditions ofpoverty and Adams (1988) underestimate the cost of the mask.Research Methodology;This chapter will explain the overall methosection well will define in detail all the techniques for information gathering. As appropriate method for datacollection and analyzing will enhance the value of research work. As ourfrom poor segment of population in selected district of PKP rurals areas. As well as we have to compare theperformance of Microfinance banks with other commercial bank because the main theis micro financing. That’s why appropriate method is required to get accurate information. For current researchwell will obtain data from primary sources as well as secondary medium also. This chapter gives informationabout collection, data analysis, usinmeaningful results.Population:The four group consist of peoples in rural areas of selected five distracts of KPK. These are District Kohat,District Bannu, District lakki marwaloan from MFB’s, MFI’s and other financial institutSample.For the said research convince sampling method was adopted. Convince sampling mostly ppopulation and almost all the characteristics of selected sample are same. According to (sekarm, 2003). Thismethod of sampling gives us inside and inborrowers was selected.DATA COLLECTION MATHODSIn order to get information according to the research objective different took of research was applied forcomparing the performance of MSIs and other commercial bank data was obtained from KSE as well asrespective banks. While online services were also used in gathering information about the objective of originality.For the next part of research other important tools such as interview and detail questioners were used to gatherdata.INTERVIEW METHOD:It is qualitative data and enriches our information regarding particular research. This set of data enable researcherto get more detailed description as well as explanation of process of management of MFIs. Thought interview toget knowledge about all those element of research td Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)2052000s, was some research and surveys the development of economy in Pakistan Institute of the State Bank ofPakistan and by the Center for Applied Economic Research, was conducted.xamined the growth of microfinance developed proxy measures of service andloan repayments. This approach is based on the assumption that volunteering was increased from the point ofview of the number of overdue loan delinquencies created in the microfinance sector as follows: (Khandker,1999) has been carried out successfullyAKRSP, NRSP and PRSP successful growth of small means serve and increase loan repayment, how to repeatyeoncheeul have adopted. The limitations of this approach to evaluate the performance of the unique aspects ofdepth, range, value and the financial health of the field (Schreiner, 2002)indicates that the other dimensions of the relief that is unclear. Successful case studies that most of the later980s, the adoption of the approach to the case and impact studies, this method has been reported was still anindividual institution or the repayment of the loan were used as key indicators of the performance of the entirepicture of the advantages of these studies overestimate the actual conditions ofrestimate the cost of the mask.This chapter will explain the overall methodology for collection of required information. For this purpose in thesection well will define in detail all the techniques for information gathering. As appropriate method for datacollection and analyzing will enhance the value of research work. As our research work consist of getting datafrom poor segment of population in selected district of PKP rurals areas. As well as we have to compare theperformance of Microfinance banks with other commercial bank because the main themes micro financing. That’s why appropriate method is required to get accurate information. For current researchwell will obtain data from primary sources as well as secondary medium also. This chapter gives informationabout collection, data analysis, using of different statistical packages for analysis of data to finThe four group consist of peoples in rural areas of selected five distracts of KPK. These are District Kohat,District Bannu, District lakki marwat, District karak and District Peshawar. The four groups are those borrowingloan from MFB’s, MFI’s and other financial institution working in these distracts.For the said research convince sampling method was adopted. Convince sampling mostly ppopulation and almost all the characteristics of selected sample are same. According to (sekarm, 2003). Thismethod of sampling gives us inside and in-depth information about the research objective. A sampleDATA COLLECTION MATHODS:In order to get information according to the research objective different took of research was applied forcomparing the performance of MSIs and other commercial bank data was obtained from KSE as well ase online services were also used in gathering information about the objective of originality.For the next part of research other important tools such as interview and detail questioners were used to gathernd enriches our information regarding particular research. This set of data enable researcherto get more detailed description as well as explanation of process of management of MFIs. Thought interview toget knowledge about all those element of research that cannot be finding through literature review but they playwww.iiste.org2000s, was some research and surveys the development of economy in Pakistan Institute of the State Bank ofxamined the growth of microfinance developed proxy measures of service andloan repayments. This approach is based on the assumption that volunteering was increased from the point ofnce sector as follows: (Khandker,AKRSP, NRSP and PRSP successful growth of small means serve and increase loan repayment, how to repeatrmance of the unique aspects ofdepth, range, value and the financial health of the field (Schreiner, 2002)indicates that the other dimensions of the relief that is unclear. Successful case studies that most of the later980s, the adoption of the approach to the case and impact studies, this method has been reported was still anindividual institution or the repayment of the loan were used as key indicators of the performance of the entirepicture of the advantages of these studies overestimate the actual conditions ofdology for collection of required information. For this purpose in thesection well will define in detail all the techniques for information gathering. As appropriate method for dataresearch work consist of getting datafrom poor segment of population in selected district of PKP rurals areas. As well as we have to compare theis of our research studys micro financing. That’s why appropriate method is required to get accurate information. For current researchwell will obtain data from primary sources as well as secondary medium also. This chapter gives informationg of different statistical packages for analysis of data to find out moreThe four group consist of peoples in rural areas of selected five distracts of KPK. These are District Kohat,t, District karak and District Peshawar. The four groups are those borrowingFor the said research convince sampling method was adopted. Convince sampling mostly present homogeneouspopulation and almost all the characteristics of selected sample are same. According to (sekarm, 2003). Thisdepth information about the research objective. A sample of 120In order to get information according to the research objective different took of research was applied forcomparing the performance of MSIs and other commercial bank data was obtained from KSE as well ase online services were also used in gathering information about the objective of originality.For the next part of research other important tools such as interview and detail questioners were used to gathernd enriches our information regarding particular research. This set of data enable researcherto get more detailed description as well as explanation of process of management of MFIs. Thought interview tohat cannot be finding through literature review but they play
  5. 5. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013an important rule in research context, in this research (FTF) face to face interview method was selected wherethe questions were unstructured in nature. According to (lincoxn & Guba 1985) contesystematically overview the situation and content of two way communication while explained the situationmore detail and logical way.SURVEY MATHOD:Survey is such a method though which data is analyzed quantitatively. Forquestioners was developed keeping in view the nature and objective of the research work. The questionersconsist of the various questions related to demographic, age, sex, education, life style, income generation method,current status, family size, MF opportunities as well as business, income and saving. Our questioner’s questionswere very simple in nature and consist of different option. The respondent was asked to select any of the aboveanswers. While some question consists of dichotomous nature consist of YES or NO option. In the samequestioners part B consist of different questions related to Micro financing impact over their social economic life.For these question we also used “Likert scale)” eg consist of 1Techniques for data analysis:Letter for this part of research we use descriptive research e.g. mean median, model, standard deviation foranalyzing different variables. As micro financing is an old concept hence data about historical evolutionis called and analyze through descriptive statistics. According to full and Hawkin (1993) the descriptive researchfocus on the explanation of different variables.In order to analyze hypothesis HoB and H1B we use Pearson correlation method.I; HoB = p=O (if there no relation exist between increase in economic standard and increase in income levelgeneration)H1B=p≠ O (if there is relation exist between increase in economic standard and increase in income levelgeneration)II; = O.O1III; the null hypothesis p=o was tested by implementing Pearson correlation (Hays: 1973)Where r =√(∑x²R= Pearson correlationX= increase in economic standardY= increase in saying & benefitsN= sample sizeIV; if Pearson correlation value becomes zero, than we will reject null hypothesis.RESEARCH MODEL:MF= βo+ β1 I.L+ β2 S.S + β3 P.S+ β4 M.LWhereMF= Micro FinancingIL= Income Leveld Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)206an important rule in research context, in this research (FTF) face to face interview method was selected wherethe questions were unstructured in nature. According to (lincoxn & Guba 1985) content analysis was applied thatsystematically overview the situation and content of two way communication while explained the situationSurvey is such a method though which data is analyzed quantitatively. For the current research detail shortquestioners was developed keeping in view the nature and objective of the research work. The questionersconsist of the various questions related to demographic, age, sex, education, life style, income generation method,current status, family size, MF opportunities as well as business, income and saving. Our questioner’s questionswere very simple in nature and consist of different option. The respondent was asked to select any of the abovensists of dichotomous nature consist of YES or NO option. In the samequestioners part B consist of different questions related to Micro financing impact over their social economic life.For these question we also used “Likert scale)” eg consist of 1-5 scale points.Letter for this part of research we use descriptive research e.g. mean median, model, standard deviation foranalyzing different variables. As micro financing is an old concept hence data about historical evolutionis called and analyze through descriptive statistics. According to full and Hawkin (1993) the descriptive researchfocus on the explanation of different variables.In order to analyze hypothesis HoB and H1B we use Pearson correlation method.HoB = p=O (if there no relation exist between increase in economic standard and increase in income levelH1B=p≠ O (if there is relation exist between increase in economic standard and increase in income levelll hypothesis p=o was tested by implementing Pearson correlation (Hays: 1973)∑xy- ∑x∑yN√(∑x²-(∑x)²) (∑y²-(∑y)²)IV; if Pearson correlation value becomes zero, than we will reject null hypothesis.MF= βo+ β1 I.L+ β2 S.S + β3 P.S+ β4 M.L + β5 R.P.L + β6 C.E +Ewww.iiste.organ important rule in research context, in this research (FTF) face to face interview method was selected wherent analysis was applied thatsystematically overview the situation and content of two way communication while explained the situation inthe current research detail shortquestioners was developed keeping in view the nature and objective of the research work. The questionersconsist of the various questions related to demographic, age, sex, education, life style, income generation method,current status, family size, MF opportunities as well as business, income and saving. Our questioner’s questionswere very simple in nature and consist of different option. The respondent was asked to select any of the abovensists of dichotomous nature consist of YES or NO option. In the samequestioners part B consist of different questions related to Micro financing impact over their social economic life.Letter for this part of research we use descriptive research e.g. mean median, model, standard deviation foranalyzing different variables. As micro financing is an old concept hence data about historical evolution of MFsis called and analyze through descriptive statistics. According to full and Hawkin (1993) the descriptive researchHoB = p=O (if there no relation exist between increase in economic standard and increase in income levelH1B=p≠ O (if there is relation exist between increase in economic standard and increase in income levelll hypothesis p=o was tested by implementing Pearson correlation (Hays: 1973)
  6. 6. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013S.S= Social StatusP.S= Psychological satisfactionM.L = Motivation level of respondentRPL= Reduction in over all poverty level.CE= Children Education.E= ErrorThe following equation of Micro financing explain in detail about the variables in this study .Actually this studyconsist of investigating different prospects of the Micro financing .In phase one relationship between microfinancing and increase in growth as well as saving is mhypotheses was developed. While in the next section the impact of micro financing on the conditions as well asdifferent factors are measured. For this purpose a multi correlation equation is develoindependent variables like income level, social status, psychological satisfaction, motivation level, reduction inpoverty level in that particular region was measured through equation MF= Bo+B1IL+B2s.s +B3 P.S+ B4 M.L +B5+ RPL + B6 CE=E . After analyzing the data for the above multiple regression equation the final values are asfollowing and the equation becomeM.F= 1.039+0.456IL+0.334S.S+0.499P.S+0.554R.P.L+0.589M.LRESULT AND DISCUSSIONS;Table No 1; Reliability Test;VariablesIncome levelSocial StatusPsychological SatisfactionMotivationReduction in over all povertyChildren Educationd Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)207M.L = Motivation level of respondentRPL= Reduction in over all poverty level.of Micro financing explain in detail about the variables in this study .Actually this studyconsist of investigating different prospects of the Micro financing .In phase one relationship between microfinancing and increase in growth as well as saving is measured through Pearson correlation. For which a separatehypotheses was developed. While in the next section the impact of micro financing on the conditions as well asdifferent factors are measured. For this purpose a multi correlation equation is develoindependent variables like income level, social status, psychological satisfaction, motivation level, reduction inpoverty level in that particular region was measured through equation MF= Bo+B1IL+B2s.s +B3 P.S+ B4 M.L +=E . After analyzing the data for the above multiple regression equation the final values are asM.F= 1.039+0.456IL+0.334S.S+0.499P.S+0.554R.P.L+0.589M.LNo of Items Alpha reliability coefficient4 0.73454 0.92314 0.75794 0.80864 0.74914 0.749924 _______www.iiste.orgof Micro financing explain in detail about the variables in this study .Actually this studyconsist of investigating different prospects of the Micro financing .In phase one relationship between microeasured through Pearson correlation. For which a separatehypotheses was developed. While in the next section the impact of micro financing on the conditions as well asdifferent factors are measured. For this purpose a multi correlation equation is developed that consist ofindependent variables like income level, social status, psychological satisfaction, motivation level, reduction inpoverty level in that particular region was measured through equation MF= Bo+B1IL+B2s.s +B3 P.S+ B4 M.L +=E . After analyzing the data for the above multiple regression equation the final values are asAlpha reliability coefficient
  7. 7. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Tables 2; Correspondent profile of Education, gender, qualification and income levelVariables Measuring GroupGenderMaleFemaleTotalEducationNo Education1 up to 56 up to 1010 up to 12Above 12AgeTotal20-3030-4040-50>50No of DependentNo Children1-33-6>6TotalBusiness TypeOwnerWorkerd Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)208profile of Education, gender, qualification and income levelMeasuring Group Frequency Percentage80 83.3320 16.66120 100No Education 15 12.831 up to 5thclass 73 60.836 up to 10thClass 20 16.6610 up to 12thClass 07 5.83Above 12th05 4.16120 10077 64.1629 24.1614 10.8301 0.83No Children 12 10.0050 41.6638 31.6620 16.66120 10089 74.163.1 25.84120 100www.iiste.orgPercentage
  8. 8. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Table,3: Information about total amount in hand during starting of Microfinance;Variables Measuring GroupHammonton StartingBusinessFrom MFISFrom Other F1From FriendsPersonal amountGraph 1; representing information’s regarding amount in hand during the concept of M.F01020304050607080MFIS Other F1d Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)209: Information about total amount in hand during starting of Microfinance;Measuring Group Frequency PercentageFrom MFIS 72 60From Other F1 08 6.66From Friends 20 16.66Personal amount 30 250 100Graph 1; representing information’s regarding amount in hand during the concept of M.FOther F1 Friends Personalamountwww.iiste.orgPercentageGraph 1; representing information’s regarding amount in hand during the concept of M.FFrequencyPercentage
  9. 9. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Table, 4; Nature of Business RespondentNatureServices ageSalesRetailingWhole sellingGraph 2; represent nature of the business of the respondentsd Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)210; Nature of Business RespondentNumber Respondent69 57.509 7.538 31.6604 2.9120 100Graph 2; represent nature of the business of the respondents;www.iiste.org
  10. 10. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Table No 5; Modes of Payment;Mode of Pay10 Lump sum pay6 month inst3 month inst12 month instGraph 3 ; Represent modes of payment of the Micro financing;02040608010 Lumpsum pay6 monthinstd Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)211Number of Respondent Percentage10 8.16665 54.16610 8.3335 29.16120 100Represent modes of payment of the Micro financing;3 monthinst 12 monthinstNumber of RespondentPercentagewww.iiste.orgNumber of Respondent
  11. 11. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Table No 6 ; One Sample Test;Characteristics TestValueStatisticsInterest Rate ofMicro CreditFinancingInstruction2 8.862How to takeLoan meanProud use3 15.403Table No 7 ; Correlation of research Models:Variable Title ILIL 1S.S .438P.S .591RPL .000ML .545Table No 8; Tolerance and VIF Diagnostic for Multicollinearity;Variable TitleILS.SP.SRPLMLCONCLUSION;In our research work we study both descriptive quantitative analysis and we see that there is positive correlationbetween dependent variable (M.F) and in dependent varegression analysis the result validated the previous studies in which positive relationship between dependentd Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)212Statistics Degree ofFreedomStatisticalSignificantMeanDifference95 %ConfidenceInterval8.862 0.00 0.000 0.879 0.8815.403 109 0.000 1.387 0.79; Correlation of research Models:S.S P.S RPL.438 .591 .0001 .613 -0.40.613 1 .080-0.40 .080 1.683 .603 .150; Tolerance and VIF Diagnostic for Multicollinearity;Tolerance VIF.704 2.933.638 1.822.344 2.123.988 1.899.274 3.555In our research work we study both descriptive quantitative analysis and we see that there is positive correlationbetween dependent variable (M.F) and in dependent variables. This relationship was determine by multipleregression analysis the result validated the previous studies in which positive relationship between dependentwww.iiste.org95 %ConfidenceInterval0.88 2.210.79 2.21ML.454.683.603.1501In our research work we study both descriptive quantitative analysis and we see that there is positive correlationriables. This relationship was determine by multipleregression analysis the result validated the previous studies in which positive relationship between dependent
  12. 12. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013and independent variable (M.F) was found. Micros finance act a stimulating component for creopportunities as well as increase the psychological and motivation level of respondent. IF Micro financing istruly experienced in its natural sense than it can serve masses better than any other strategy particularly indeveloping nations and specially in Pakistani condifficulty in generating funds for its appropriate business. As micro financing is still have a magical impact overdifferent developing countries like Bangladesh, India andSouth America, and Africa region. While in Pakistan it is still in introductory stage while cultural differencesalso play an important role in development of Micro Financing opportunities. That’s whyfullest wing in Pakistani prospective. But if government support and public private partnership plays its role thanit can serve better the masses.LITERATURE CITEDAhlin C, Lin J, Maio M (2010). Where does microfinance flourish?Bourguignon F (1998). Introduction to HaBanarjee AV, Duflo E, Glennerster R, KBanarjee AV, Duflo E, Glennerster R, Kinnan C (2009). The miracle of microfinance? Eviderandomised evaluation, CGAP, Washington DC.Banerjee AV, Duflo E, Karlan D (2009).Post on NewBourguignon F (1998). Introduction to HandbookBanerjee AV, Duflo E, Karlan D (2009).Poshttp://kristof.blogs.nytimes.com/2009/12/28/theColombet, H.H and S. Mark. 2001. from Urban to Rural: Lessons for Microfmance from Argentina.Development Policy Review. 19 (3): 339Dev. Econ., pp. 1-16. Ahlin C, Jiang N (2008). Can microEcon., 86(1): 1-21. Arrow KJ, Chenery HB, Minhas BS, Solow RM (1961), Capitaleconomic efficiency, Rev. Econ. StaEmeni, F.K. 2008. Micro Finance Institutions (MFIS) in Nigeria: Problems and Prospects: Questionnaire Surveyfindings. Journal of Financial ManageHashemi, S. M, S. R. Schuler and .P. Riley. 1996. A Rural Credit Programs and Women Empowerment inBangladesh.World Development. 24(4): 635Hays, W. R. 1973. Statistics for the social sciences. Holt, RipcJacob, Y, M. Benjamin and S. Charitonenko. 1998. A Promoting Efficient Rural Financial Intermediation. TheWorld Bank Observer. 13(2):147-170.Lincoln, Y.S and Guba. E.G. 1985. Naturalistic inquiry. BMahjabeen, R. 2008. Micro financing in Bangladesh: Impact on households, consumption and welfare, Journalof Policy Modeling. (30): 1083-1092Mallick, R. 2002. Implementing and evaluating the micro credit in BangladeshMicrofmance Institutions Journal of Small BMosley, P and L. Steel. 2004. Microfmance, the Labor Market and SoSocial Policy and Administration. 38 (07): 721Oksan, B. 2008. What Political Science can Contribute to and Learn From the study of microcredit. InternatioStudies Review. 10: 525—547Poliinger, J. J, J. Outhwaite and H. C. Guzman. 2007. The Question of Sustainability for Pakistan MicroNetwork. Performance Indicators Report: 2004d Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)213and independent variable (M.F) was found. Micros finance act a stimulating component for creopportunities as well as increase the psychological and motivation level of respondent. IF Micro financing istruly experienced in its natural sense than it can serve masses better than any other strategy particularly inpecially in Pakistani context. While some of the micro financing institutions facedifficulty in generating funds for its appropriate business. As micro financing is still have a magical impact overdifferent developing countries like Bangladesh, India and Sri Lanka in Asian region and most of the countries inSouth America, and Africa region. While in Pakistan it is still in introductory stage while cultural differencesalso play an important role in development of Micro Financing opportunities. That’s whyfullest wing in Pakistani prospective. But if government support and public private partnership plays its role thanere does microfinance flourish?Bourguignon F (1998). Introduction to Handbook of incomeBanarjee AV, Duflo E, Glennerster R, Kinnan C (2009). The miracle ofBanarjee AV, Duflo E, Glennerster R, Kinnan C (2009). The miracle of microfinance? Evidevaluation, CGAP, Washington DC.Banerjee AV, Duflo E, Karlan D (2009).Post on New York Times,blog of N Kristof,Bourguignon F (1998). Introduction to Handbook of income Distribution. NorthBanerjee AV, Duflo E, Karlan D (2009).Post on New York Times,blog of N Kristof,http://kristof.blogs.nytimes.com/2009/12/28/the-role-of-Colombet, H.H and S. Mark. 2001. from Urban to Rural: Lessons for Microfmance from Argentina.Policy Review. 19 (3): 339-354. Ahlin C, Jiang N (2008). Can micro-credit bring development?, J.21. Arrow KJ, Chenery HB, Minhas BS, Solow RM (1961), Capitalt. (43): 225-250. Atkinson AB,cro Finance Institutions (MFIS) in Nigeria: Problems and Prospects: Questionnaire Surveyfindings. Journal of Financial Management and Analysis. 21(1): 69-76Hashemi, S. M, S. R. Schuler and .P. Riley. 1996. A Rural Credit Programs and Women Empowerment inld Development. 24(4): 635-653.Hays, W. R. 1973. Statistics for the social sciences. Holt, Ripchart & Winston. New York. p 675Jacob, Y, M. Benjamin and S. Charitonenko. 1998. A Promoting Efficient Rural Financial Intermediation. The170.Lincoln, Y.S and Guba. E.G. 1985. Naturalistic inquiry. Beverly Hills. CA: sage. 246-250Mahjabeen, R. 2008. Micro financing in Bangladesh: Impact on households, consumption and welfare, Journal1092Mallick, R. 2002. Implementing and evaluating the micro credit in Bangladesh Development in Practice. 12(2)Microfmance Institutions Journal of Small Business Management 45(1): 23-41Mosley, P and L. Steel. 2004. Microfmance, the Labor Market and Social Inclusion: A Tale of Three Cities,dministration. 38 (07): 721-743Oksan, B. 2008. What Political Science can Contribute to and Learn From the study of microcredit. Internatioaite and H. C. Guzman. 2007. The Question of Sustainability for Pakistan Microormance Indicators Report: 2004www.iiste.organd independent variable (M.F) was found. Micros finance act a stimulating component for creating jobsopportunities as well as increase the psychological and motivation level of respondent. IF Micro financing istruly experienced in its natural sense than it can serve masses better than any other strategy particularly inWhile some of the micro financing institutions facedifficulty in generating funds for its appropriate business. As micro financing is still have a magical impact overSri Lanka in Asian region and most of the countries inSouth America, and Africa region. While in Pakistan it is still in introductory stage while cultural differencesalso play an important role in development of Micro Financing opportunities. That’s why it is not yet use in itsfullest wing in Pakistani prospective. But if government support and public private partnership plays its role thanBanarjee AV, Duflo E, Glennerster R, Kinnan C (2009). The miracle of microfinance? Evidence from at on New York Times,blog of N Kristof,Colombet, H.H and S. Mark. 2001. from Urban to Rural: Lessons for Microfmance from Argentina.21. Arrow KJ, Chenery HB, Minhas BS, Solow RM (1961), Capital-labor substitution andcro Finance Institutions (MFIS) in Nigeria: Problems and Prospects: Questionnaire SurveyHashemi, S. M, S. R. Schuler and .P. Riley. 1996. A Rural Credit Programs and Women Empowerment inhart & Winston. New York. p 675Jacob, Y, M. Benjamin and S. Charitonenko. 1998. A Promoting Efficient Rural Financial Intermediation. The250Mahjabeen, R. 2008. Micro financing in Bangladesh: Impact on households, consumption and welfare, JournalDevelopment in Practice. 12(2)cial Inclusion: A Tale of Three Cities,Oksan, B. 2008. What Political Science can Contribute to and Learn From the study of microcredit. Internationalaite and H. C. Guzman. 2007. The Question of Sustainability for Pakistan Micro-finance
  13. 13. Journal of Economics and Sustainable DevelopmentISSN 2222-1700 (Paper) ISSN 2222Vol.4, No.6, 2013Rahman, Aminur. 1999. A Micro-credit Initiatives for Equitable and Sustainable Development: Who Pays?World Development. 27(1): 67-82.Schreiner M. 2001. Informal Finance and the Design of Microfmance. DeveloSekaran, U. 2003. Research.Methods for Business: A Skill Building Approach. John Wiley and Sons, New York.Pp: 263-288Tull and Hawkin. 1993. Research Methods for Business and Management.Woller, G.M. and W. Woodworth. 2001 Microcredit as a GrassDevelopment. Policy Studies Journal. 29(2): 267Woller G.M. and W. Woodworth. 2001. Microcredit and Third World Development Policy, PolicyJournal. 29(2): 265-266Zohra.Bi.and S.Panday.2011. Compression of performance of Micro finance institutions with commercial banksin India. Australian Journal of Business and Management Vol.1 No.6 [110d Sustainable Development1700 (Paper) ISSN 2222-2855 (Online)214credit Initiatives for Equitable and Sustainable Development: Who Pays?82.Schreiner M. 2001. Informal Finance and the Design of Microfmance. Development in Practice 1(5): 637Sekaran, U. 2003. Research.Methods for Business: A Skill Building Approach. John Wiley and Sons, New York.Tull and Hawkin. 1993. Research Methods for Business and Management. Practice Hall Inc. pp:176Woller, G.M. and W. Woodworth. 2001 Microcredit as a Grass-Roots Policy for InternationalDevelopment. Policy Studies Journal. 29(2): 267-282. and W. Woodworth. 2001. Microcredit and Third World Development Policy, PolicyZohra.Bi.and S.Panday.2011. Compression of performance of Micro finance institutions with commercial banksness and Management Vol.1 No.6 [110-120] Septemberwww.iiste.orgcredit Initiatives for Equitable and Sustainable Development: Who Pays?pment in Practice 1(5): 637-640Sekaran, U. 2003. Research.Methods for Business: A Skill Building Approach. John Wiley and Sons, New York.Practice Hall Inc. pp:176-185Roots Policy for International. and W. Woodworth. 2001. Microcredit and Third World Development Policy, Policy StudiesZohra.Bi.and S.Panday.2011. Compression of performance of Micro finance institutions with commercial banks120] September -2011
  14. 14. This academic article was published by The International Institute for Science,Technology and Education (IISTE). The IISTE is a pioneer in the Open AccessPublishing service based in the U.S. and Europe. The aim of the institute isAccelerating Global Knowledge Sharing.More information about the publisher can be found in the IISTE’s homepage:http://www.iiste.orgCALL FOR PAPERSThe IISTE is currently hosting more than 30 peer-reviewed academic journals andcollaborating with academic institutions around the world. There’s no deadline forsubmission. Prospective authors of IISTE journals can find the submissioninstruction on the following page: http://www.iiste.org/Journals/The IISTE editorial team promises to the review and publish all the qualifiedsubmissions in a fast manner. All the journals articles are available online to thereaders all over the world without financial, legal, or technical barriers other thanthose inseparable from gaining access to the internet itself. Printed version of thejournals is also available upon request of readers and authors.IISTE Knowledge Sharing PartnersEBSCO, Index Copernicus, Ulrichs Periodicals Directory, JournalTOCS, PKP OpenArchives Harvester, Bielefeld Academic Search Engine, ElektronischeZeitschriftenbibliothek EZB, Open J-Gate, OCLC WorldCat, Universe DigtialLibrary , NewJour, Google Scholar

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