Global Advanced Research Journal of Management and Business Studies (ISSN: 2315-5086) May 2016 Vol. 5(5), pp 129-134

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Original Research Articles

Microfinance: Poverty Mitigation and New Spark of Opportunities in Pakistan

Ms. Sarah Wali Qazi *, Dr. Monir Ahmed**, and  Dr. Aurangzeb ***

1Assistant Professor, Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology Karachi

2Professor, Faculty of Business Administration and Commerce, Sindh Institute of Management and Technology Karachi

3Professor, Sindh Madressatul Islam University, Karachi

Corresponding author Email:

Accepted 07 May 2016


The study determines the impact of Microfinance in alleviating poverty, how efficient and effective strategy it is in enhancing the incomes and wellbeing of microcredit clients. It also investigates the protracted influence of microfinance programs on recipients, their accessibility to health services, and education for their children, and the improvement in their families’ consumption levels, and increment in their income level. Microfinance, basically is the tools used to mitigate poverty, create opportunities and develop economies. Microfinance and microcredit are not only design to support poor of the country but also supports empowerment of women, encourages equality and give them an opportunity to live a better life.  For accomplishing this study In-depth interviews of the managers and field mangers having one year experience in the respective field from six microfinance institutions in Karachi had been conducted by using hybrid questionnaire; semi structured questions consist of both open and close ended questions. Secondary data is collected from past literature, articles, newspapers and websites of Microfinance banks and institutions.  After content analysis, the qualitative analysis type, of in-depth interviews study reached on the conclusion that microfinance has created opportunities in terms of employment generation, improvement in income, generation of more economic activities and women empowerment whereas we have not find any empirical results about alleviation of poverty.

Keywors: microcredit, economic development, poverty alleviation, enhhanced living patterns.


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