Role of Micro Credit in Poverty Alleviation

The study tries to look at the impact of micro
credit on the lives of poor people. There are
different views on micro credit as a powerful
development tool regarding its success in developing
the lives of the poor and some times these views are
contradictory. However poverty is a global issue; it
is a problem that even the wealthiest nation is
facing. In this scenario a country like Pakistan is
facing a great challenge to alleviate or reduce
poverty because poverty is becoming the cause of
many problems like suicides, illiteracy,
unemployment, diseases like depression, stress etc.
In order to control these diseases first we have to
control poverty. At government level and also at
international level many strategies are made every
day to control poverty. But now Dr. Younis gave a
formula of micro credit that successfully worked in
Bangladesh and is replicated all over the world
and also in Pakistan; the purpose of the study
was to observe what role micro credit played in
Pakistan in poverty alleviation.

Autorentext

Amina Mushtaq had done MBA Finance and BBA in HUMAN RESOURCE MANAGEMENT from National University of Modern Languages Islamabad Pakistan. She lives in Islamabad, capital of Pakistan. She used to write articles ondifferent topics which are available on different websites. She also does photography which is available online.

Klappentext

The study tries to look at the impact of micro credit on the lives of poor people. There are different views on micro credit as a powerful development tool regarding its success in developing the lives of the poor and some times these views are contradictory. However poverty is a global issue; it is a problem that even the wealthiest nation is facing. In this scenario a country like Pakistan is facing a great challenge to alleviate or reduce poverty because poverty is becoming the cause of many problems like suicides, illiteracy, unemployment, diseases like depression, stress etc. In order to control these diseases first we have to control poverty. At government level and also at international level many strategies are made every day to control poverty. But now Dr. Younis gave a formula of micro credit that successfully worked in Bangladesh and is replicated all over the world and also in Pakistan; the purpose of the study was to observe what role micro credit played in Pakistan in poverty alleviation.