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Topic Introduction
Many poverty alleviation program initiated by the government to alleviate poverty. The
result of these programs disappointed due to corruption cause discouragement and unfair
practiced. Micro credit seems to provide a permanent source of income. Its primary
objective is to enable the poor to change their life style positively and make better than
previous.
Microfinance Institutions in Pakistan
Damen Support Program
AGAHE PAKISTAN
Prime Minister interest free loan
National Rural Support Program
Apna Microfinance Bank Ltd. (formerly NMFB)
FINCA Microfinance Bank
Khushali Bank Limited,
National Rural Support Programme Bank Ltd. (NRSP Bank),
Pak-Oman Microfinance Bank Ltd. (POMFB),
Tameer Microfinance Bank Ltd. (TMFB),
The First Microfinance Bank Ltd. (FMFB),
The Punjab Provincial Cooperative Bank Ltd ,
U Microfinance Bank Limited,
Significance of the Study
The study will be helpful to see the improvement in economic status
of the people after utilizing micro credit facility. Micro finance has
recently emerged as an integral tool for poverty alleviation. Keeping
in view the significance of the Micro Finance Training, IRM Institute
of Rural Management has designed comprehensive training modules
to meet the demands of the poor communities.
The programme is continuously developing and is providing support
to the micro finance institutes at national and international level
through training and experiential learning.
Objectives of study
• To study the micro credit as a positive change in the society .
• To highlight the ways to help reducing poverty, improve the living
standard of the poor people on suitable condition and increase the
growth.
• To analyse the role of microfinance institutions in making people
self-sufficient and self-employed.
Major roles played by Damen Support Program includes
• Making sure the self-sustenance and helping poor fight against poverty.
• Helping women to participate in economic development, Micro Credit also fosters
gender equality and economic wellbeing.
• Credit availability to people to start small businesses, ensuring access to education
facilities,
health facilities and employment generation.
• Ensuring the availability of funds to poor who do not have access to formal credit institutions
Research Methodology
• Survey Approach
An analysis of the social research methodologies suggests that survey is the
handy tool for managers to collect secondary and primary data using
questionnaire, research estimated data and existing literature about the topic
under consideration. It is noted somewhere that in secondary research, the
secondary approach is the most frequently used mode of reflection because the
literature surveys are reportedly.
• Population and Sample
A population is a collection of all the elements we are studying and about which
we are trying to draw conclusions or the population is the total collection of
elements (students, citizens, players, accountants, universities) about which we
wish to make inference based on sample information The population of the study
consists of all the Damen Support program branches. In our sample we included
Two branches of DSP situated in Faisalabad city.
Demographic Data of Daman Support Program
Table 1 shows that as the female very important segment of the society, they had
got benefits from Micro finance. Damen Support program prefers the women to
provide funds through micro finance as they are more trust worthy and utilize the
loans more properly and in a goodway.
Gender Frequency %
Male 09 %
Female 91 %
Total 100 %
Data Collected from Active Clients of Damen Support Program Faisalabad
Table 01: Table 02:
Age wise distribution of sample respondents Age wise distribution of sample respondents
Un married 20%
18-25 20%
Married 55%
26-35 60%
Widower 15%
Farmer 15%
Illiterate 90%
Retailers 20%
Up primary 6%
Home enterprises 32%
10,000 15%
Large 45%
20,000 53%
30,000 25%
Medium 55%
40,000 13%
Total 100
Total 100
Data Collected from Active Clients of Damen Support Program Faisalabad
Table 8: Table 9:
Interest charged Time to return loan
8 25%
Yes 0%
20 69%
30 6%
No 100%
90 0%
Total 100
Total 100
Table 12: Table 13:
Fulfil the basis needs Quality of children education
No 10% No 19%
No 21% No 16%
No 69% No 23%