Contribution of Micro-Finance on Socio-Economic Development of Rural Community

Authors

  • Chandra Prasad Dhakal PhD Scholar, Mewar University, Rajasthan
  • Govinda Nepal Professor of Economics, Tribhuvan University, Kathmandu

DOI:

https://doi.org/10.3126/jaar.v3i1.16623

Keywords:

Contribution, Microfinance, Rural community, Socio-economic development

Abstract

Microfinance institutions are established to promote the financial activities mainly saving and credit in community. Microfinance’s activities are focused on reducing poverty level of community people. Poor, disadvantaged, marginalize and women are in mainstream of microfinance’s programs. The study was focused on finding out the contribution of microfinance on socio-economic development of rural community. The study was based on the quantitative design. Cross-sectional data was collected from the 8 microfinances of Syangja district. Purposive sampling technique was adopted to select the respondents. The perceptual analysis of data reported the significant contribution of micro-finance in social change and development. Microfinances working since 2 to 20 years covering the diverse field of social activities were the samples of the study. There was a need to improve the internal management of microfinance to provide the services more effectively.

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Published

2017-02-11

How to Cite

Dhakal, C. P., & Nepal, G. (2017). Contribution of Micro-Finance on Socio-Economic Development of Rural Community. Journal of Advanced Academic Research, 3(1), 134–141. https://doi.org/10.3126/jaar.v3i1.16623

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Section

Articles