Browsing by Author "Irfan Safdar"

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    Islamic Versus Conventional Microfinance: An Appraisal for Poverty Alleviation
    (Library Information Services, CUI Lahore, 2015) Irfan Safdar; SP13-MSPM-012; Dr. Hafiz Zahid Mahmood
    Poverty is not new problem which is faced by poor’s of the Pakistan as every second person in Pakistan is caught in poor bracket. It is a heterogeneous phenomenon linked with multiple other problems and it requires long term actions to overcome it. Microfinance has been introduced as a long term actions to tackle poverty. The basic objective of the study is to gauge the impact of Islamic versus conventional microfinance practices on poverty and its associated attributes. 100 clients of four microfinance institutions, totaling 400, are selected as sample of study through systematic random sampling that have been engaged in microfinance activities for at least two years and live in Lahore, Pakistan. More people are employed from family and society. Level of respect and decision making at home, community and in relatives has been increased. Assets holdings have been increased. More people are financially included by the CMFIs in term of opening their accounts. In term of saving and loaning both types of institutions gave same results. Education of children standards have been increased after taking loan. More children are enrolled to school after taking loan in both CMFIs and IMFIs and clients are spending more on education. Average health expenditures of CMFIs are more as compared to IMFIs. Housing conditions of both CMFIs and IMFIs clients have been improved. There is significant difference is founded in income, schooling expenditures, health expenditures and food expenditures before and after taking loan. There is significant difference in mean total expenditures and health expenses is founded between CMFIs and IMFIs. There is insignificant difference in mean income, food expenses and schooling expenses is founded between CMFIs and IMFIs. There is statistically difference is founded between all four institutions in term of family income, total expenditures, food expenses and health expenses and insignificant difference is founded in term of schooling expenses. Results of Foster, Greer and Throbecke (FGT) measurement of poverty at national and international poverty lines, shows that microfinance has positive impact on poverty alleviation through income generation in all institutions under study. Results of regression analysis shows that age, education of household head, amount of loan has significant positive impact on income per capita and total income of family. But child to adult ratio and family size has negative impact on income