Microbusinesses, Microfinance, and Poverty Alleviation in Punjab, Pakistan

Abstract

Studying the impact of microbusinesses on poverty alleviation, this study considers the moderating and mediating roles played by non-governmental organizations (NGOs), governments, and microfinance. Participants in the study, numbering around 384, were chosen to be representative of the populations of Multan, Bahawalpur, and D.G. Khan in the Pakistani state of Punjab. Based on our primary data analysis with SPSS, we conclude that microbusinesses have a positive and significant influence on reducing poverty, microfinance also has a positive and significant influence on reducing poverty, and microbusinesses have a positive and significant influence on microfinance. At first, microbusinesses have a positive and significant effect on reducing poverty, and the significance of this link becomes apparent when we cooperate with the government in a moderating capacity. At the outset of the study, microbusinesses were found to have a positive and substantial effect on reducing poverty; however, when the NGO's moderating role was considered, a negative and significant effect was found. Microbusiness expansion has been linked to a statistically significant reduction in poverty levels.

SWOT Analysis with Novel NimbusTech Cloud Computing based Research on Regional Tourism Poverty Alleviation Development Model

“…Microfinance is effective tool for poverty alleviation in the context of regional tourism. By providing financial services to low-income individuals in tourism-dependent areas, microfinance institutions can help local entrepreneurs to start or expand small businesses related to tourism [12]. This can create jobs, increase income, and promote economic growth in these regions.…”

Impact of ‏‏Microfinance on Poverty Alleviation in Rural Areas of Pakistan: A Case of District Zhob

“…20.5% of the 22.3% are facing severe poverty as they were not capable of fulfilling their basic life necessities i.e., the inclusion of threetime meals, clean water, basic health related items and medicines they were also incapable of educating their family members. (Nizami& Hizam, 2023). In the period of 2015 and 2016, 24.3% of the Pakistani population facing poverty and were marks under poverty line, 19.87% of them were vulnerable to poverty as they can slide under poverty line because of any economic shock due to this vulnerability nearly 44 percent of the population needing help on emergency basis to improve their position.…”