An empirical revisit to the impact of microcredit program on borrowers' social mobility

IJNSS Journal, Ashfaq Ferdous
2020 Figshare  
The role of microcredit program to alleviate poverty and empower women in developing countries is still in debate. This study attempts to evaluate the impact of such programs by measuring borrowers' social mobility. Using a multidimensional approach, indicators like household income, economic susceptibility, living conditions, consumption pattern, children's education, healthcare facilities, women's participation in decision-making have been taken into account for measurement. Quantitative
more » ... . Quantitative method has been used. Based on a non-probability sampling, 107 microcredit borrowers have been selected for interviewing who live in a rural, a semi-urban and an urban area. Statistical analysis of the data reveals that those who have been taking loans for several number of years have all managed to increase their income level to a variety of extent, but only those have gained some sort of mobility who have been taking loans for more than 4-5 years and have taken 5 times or more. Positive responses about the indicators being used in the study are found among the handful of those who have mobilized significantly. In true sense, most of the borrowers are stuck at the bottom end of socioeconomic ladder and are struggling to manage a better living standard.
doi:10.6084/m9.figshare.12110193 fatcat:6lxwjyniwraixdtsja5xnarpf4