Title : The effect of microfinance on living standard of poor people; A case study of Mingohn Model Village
Authors : Nay Kyar Lin
Publication Date : 2020-08-01
Description
: This paper is concerned with the effect of microfinance on living
standards in Mingohn model Village. The main objective of this paper is
to explore the conditions of living standard of the poor people after
obtaining a microfinance loan and to assess the relationship between the
living standard and influencing factors on it. The required data is
obtained from the respondents who are participating of microfinance
institutions in Mingohn model Village. Microfinance institutions (MFIs)
operations in Mingohn model Village that does not make significant
effect in the standards of living of poor people who access their
services. Although some of the clients have benefited, most of clients
have not benefited. Finally, Microfinance institutions (MFIs) should
restructure their training contents to include improving their client‟s
business skills. A sufficient amount of money should be available in the
Microfinance institutions (MFIs) for providing loans to users.
Repayment of installment amount once in every week should be reviewed by
MFIs. Microfinance institutions (MFIs) should pay their increasing
attention on the interest rate to make them more convenient for the
clients.
The effect of microfinance on living standard of poor people; A case study of Mingohn Model Village
- Product Code:E_006