Impact of Microfinance on Social Mobility and Women Empowerment: The Case of South Punjab
DOI:
https://doi.org/10.26710/reads.v5i4.892Keywords:
Microfinance, Women Empowerment, Social MobilityAbstract
This purpose of this study was to examine the impact of microfinance on women empowerment and social mobility of women in the under privileged region of Bahawalpur located in south Punjab. The study uses a sample of 772 female clients of two active microfinance institutions, NRSP and Apna bank. A comprehensive questionnaire was used for the survey and results were analyzed through smart PLS. Findings of results suggested that Microfinance is an efficient tool in facilitating social mobility and financial empowerment in women belonging to the region of Bahawalpur. The value and originality of the paper rests with its use of social mobility as a determinant of well-being and enhancement in standard of living.
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