The impact of microcredit and personal empowerment on women borrower’s quality of life in Pakistan

Improving the quality life of the marginalized poor women is one of the major development issues in Pakistan. In this regard, the microcredit program seems to provide a practical solution to improve their quality of life. Nevertheless, owing to many socio-cultural factors that limit their personal e...

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Main Author:	Fayyaz, Sana
Format:	Thesis
Language:	eng eng
Published:	2017
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/7827/1/Depositpermission_s95724.pdf https://etd.uum.edu.my/7827/2/s95724_01.pdf
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id	my-uum-etd.7827
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdul Hakim, Roslan Mohd Khan, Shazida Jan
topic	HG Finance
spellingShingle	HG Finance Fayyaz, Sana The impact of microcredit and personal empowerment on women borrower’s quality of life in Pakistan
description	Improving the quality life of the marginalized poor women is one of the major development issues in Pakistan. In this regard, the microcredit program seems to provide a practical solution to improve their quality of life. Nevertheless, owing to many socio-cultural factors that limit their personal empowerment and accessibility to microcredit, the effectiveness of microcredit in improving their quality of life is an issue. The study therefore, aims to estimate the impact of microcredit and personal empowerment on the quality of life of women in Pakistan. Towards this end, primary data has been gathered by using a survey questionnaire. A stratified random sampling technique has been used to collect data from 400 women borrowers in Bahawalpur, Pakistan, who has taken microcredit from three major microcredit institutions - Khushhali Bank Limited, Tameer Microfinance Bank and National Rural Support Program Bank. The data analysis has been carried out using the Multinomial Logit Model. The findings of the study shows that microcredit which is measured by loan duration, loan size and training, is found to be significant in explaining the quality life of the women borrowers. Interestingly, personal empowerment is also found to have a significant relationship with quality of life. Furthermore, the economic decision making domain of personal empowerment is also found to be significant in explaining the quality life of the women borrowers. The study concludes that the effort to improve the quality of life of women in Pakistan should not be focused just on the accessibility of credit to them. It must come simultaneously with advancing their personal empowerment. This can be done through improving their economic decision- making ability such as improvement in the level of education, ability to move freely and reducing the sociocultural-political barriers that hinder them from realizing their full potential of personal empowerment.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Fayyaz, Sana
author_facet	Fayyaz, Sana
author_sort	Fayyaz, Sana
title	The impact of microcredit and personal empowerment on women borrower’s quality of life in Pakistan
title_short	The impact of microcredit and personal empowerment on women borrower’s quality of life in Pakistan
title_full	The impact of microcredit and personal empowerment on women borrower’s quality of life in Pakistan
title_fullStr	The impact of microcredit and personal empowerment on women borrower’s quality of life in Pakistan
title_full_unstemmed	The impact of microcredit and personal empowerment on women borrower’s quality of life in Pakistan
title_sort	impact of microcredit and personal empowerment on women borrower’s quality of life in pakistan
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2017
url	https://etd.uum.edu.my/7827/1/Depositpermission_s95724.pdf https://etd.uum.edu.my/7827/2/s95724_01.pdf
_version_	1747828272173940736
spelling	my-uum-etd.78272021-05-09T02:48:32Z The impact of microcredit and personal empowerment on women borrower’s quality of life in Pakistan 2017 Fayyaz, Sana Abdul Hakim, Roslan Mohd Khan, Shazida Jan Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance Improving the quality life of the marginalized poor women is one of the major development issues in Pakistan. In this regard, the microcredit program seems to provide a practical solution to improve their quality of life. Nevertheless, owing to many socio-cultural factors that limit their personal empowerment and accessibility to microcredit, the effectiveness of microcredit in improving their quality of life is an issue. The study therefore, aims to estimate the impact of microcredit and personal empowerment on the quality of life of women in Pakistan. Towards this end, primary data has been gathered by using a survey questionnaire. A stratified random sampling technique has been used to collect data from 400 women borrowers in Bahawalpur, Pakistan, who has taken microcredit from three major microcredit institutions - Khushhali Bank Limited, Tameer Microfinance Bank and National Rural Support Program Bank. The data analysis has been carried out using the Multinomial Logit Model. The findings of the study shows that microcredit which is measured by loan duration, loan size and training, is found to be significant in explaining the quality life of the women borrowers. Interestingly, personal empowerment is also found to have a significant relationship with quality of life. Furthermore, the economic decision making domain of personal empowerment is also found to be significant in explaining the quality life of the women borrowers. The study concludes that the effort to improve the quality of life of women in Pakistan should not be focused just on the accessibility of credit to them. It must come simultaneously with advancing their personal empowerment. This can be done through improving their economic decision- making ability such as improvement in the level of education, ability to move freely and reducing the sociocultural-political barriers that hinder them from realizing their full potential of personal empowerment. 2017 Thesis https://etd.uum.edu.my/7827/ https://etd.uum.edu.my/7827/1/Depositpermission_s95724.pdf text eng public https://etd.uum.edu.my/7827/2/s95724_01.pdf text eng public https://sierra.uum.edu.my/record=b1698973~S1 other doctoral Universiti Utara Malaysia Afza, T., & Amir Rashid, M. (2009). Marginalized women social well-being through enterprise development: A glimpse of remote women status in Pakistan. Journal of Chinese Entrepreneurship, 1(3), 248-267. Ahmed, F., Siwar, C., & Idris, N. A. (2011). Contribution of rural women to family income through participation in microcredit. American Journal of Applied Sciences, 8(3), 238-245. Ahmed, T. 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