Microcredit for Socioeconomic Well-being: Impact Analysis of Selected Beneficiaries from Prime Minister’s Youth Business Loan Scheme
Abstract
For developing countries, reducing poverty and upgrading living standards remain a crucial issue. To address these issues, microcredit is an important pillar of poverty reduction strategies. Therefore, the current study centered on the impact of microcredit on the socioeconomic well-being of selected beneficiaries of the Prime Minister’s Youth Business Loan (PMYBL) Scheme. Social well-being indicators incorporated in this research
included children’s education, health status, water facilities, sanitation facilities, and housing conditions. On the other hand, economic welfare indicators were income and consumption. The study used a questionnaire to collect data from the borrowers of Rawalpindi and Islamabad. The data from 120 clients was collected using a simple random sampling technique. Descriptive analyses as well as parametric tests were employed. After
analyzing the data, the results indicated that using loans significantly upgrades the borrowers' living standards.
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Copyright (c) 2025 Afshan Iram, Muhammad Jamil, Bibi Asab, Neelam Kubra
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