International Journal of Management, Accounting and Economics
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Volume 2, No. 10, October 2015 Pages: 1191 - 1199
The Role of Microfinance in Poverty Reduction: Evidence from South Asia
Saira Ishfaq, Imran Khan, Tazeem Ali Shah, Raja Ahmed Jamil
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This study analyzed the impact of micro finance and macroeconomic variables on poverty at three levels. The paper covers the time period of 08 years from 2005 to 2012. A panel of 06 selected SAARC countries was taken including India, Nepal, Pakistan, Sri Lanka, Bangladesh and Bhutan. Panel data regression model was used in the study. A key finding is that microfinance reduces extreme poverty and literacy also plays a major in poverty reduction. Other findings and recommendations are discussed in the paper.
Microfinance, Poverty, Regression model, Hausamn Test, South Asia.
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