ROLE OF MICRO CREDIT INSTITUTION OF PAKISTAN FOR POVERTY ALLEVIATION: A CASE STUDY OF KHUSHHALI BANK OF PAKISTAN

Muhammad Imran Qureshi; Amjad Saleem; Mian Gul Khan

Muhammad Imran Qureshi Assistant Professor Department of Commerce, Gomal University, Dera Ismail Khan
Amjad Saleem Government College of Management Sciences, Dera Ismail Khan
Mian Gul Khan Department of Commerce, Gomal University, Dera Ismail Khan

Keywords: Micro Credit, Living Standard, Loan, Poverty Reduction, Khushhali Bank

Abstract

This Research study is conducted to elaborate the role of Khushhali Bank of Pakistan for poverty alleviation. The core objective of this study is to highlight the ways which may cause to reduce poverty, to improve the living standards of the poor people on sustainable basis and to enhance the economic prosperity and growth. As micro credit is a substitute for formal loan, so this study is conducted to make people self sufficient and self employed and expose the basic features of micro credit financing. Primary data through Questionnaire is used for data collection, filled by a sample of 150 customers of this institution. The questionnaire is developed on the basis of personal observations and the information which are provided by bank officials. The questionnaires were filled by the customers of the Khushhali Bank. Conclusion of this study reveals that this sector is effectively disbursing Micro credit according to the needs of people who have no or less access to formal loan from different financial institutions. Moreover this study also highlighted a few recommendations including expansion of this system and making possible its access to the people of rural and urban areas along with introducing effective working system.