Abstract:
Microfinance is an emerging concept in Pakistan. It is in
its nascent stage and requires an enormous effort to make
it successful. The Microfinance concept emerged in 1983
from Bangladesh where Dr. Muhammad Yunus laid its
rudiments. Since then it has benefited a number of
destitute and poor people. It is the easiest source of
financing for the poor as it requires no collateral and
ensures easy installation. This present research tries to
bring forth the role of Khushhali Bank’s microfinance
facilities in empowering women socially and economically
and alongside helping them to combat poverty in Pakistan’s
region of Golra Sharif. There are quite a number of
financial institutions operating in Pakistan providing
micro loans to the poor in helping them combat poverty as
well as improving their living conditions. The research has
taken poverty and women empowerment as the key variables
and has developed a hypothesis pertaining to them. Since
the poor segment of society, especially women, faces
difficulty in securing loans, the microfinance tool focuses
on providing financial assistance to women, inspiring them
to make use of their skills and make improvements in their
and their family’s lifestyle.
