Abstract
This paper attempts to look into the microfinance sector of Pakistan, its
effectiveness and outreach and will further explore if microfinance has been
effective enough to ensure sustainable development in the country. The
purpose of the study is to examine the extent and efficiency of the
microfinance sector, identify the lags in the system and propose feasible
recommendations. The study examines microfinance at micro, meso and
macro levels. The study highlights the performance of microfinance sector,
outreach and efficiency of micro-savers, micro-insurance and assets and
liabilities of the sector. Financial infrastructure and challenges to the sector are
also indicated. The microfinance market lacks competition and only a few
institutes can be tagged as operationally sustainable and have achieved the
economies of scale. The study concluded that microfinance in Pakistan is
perceived more like a social service rather a financial service. This calls for
new techniques and more sustainable models to enable microfinance sector to
prevail.
HAMZ AAJMAL, TAIMOOR QURESHI. (2011) MICRO-FINANCE AND SUSTAINABLE DEVELOPMENT: EVIDENCE FROM PAKISTAN, Paradigms , Vol 5, Issue 1.
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