The Microfinance Review

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Impact of Microfinance on the Social Status of Beneficiaries


Affiliations
1 Institute of Management Studies, DAVV Indore, India
2 Acropolis Institute, Indore, India
     

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This study deals with the low-income group people in Indore district and tries to find out how microfinance helps in increasing their social status, based on primary data collected from 500 respondents. The results reveal that the rate of interest and easy availability of microfinance services had positive impact on social status of microfinance users. This paper acknowledges the fact that social status of low-income group improves after they take recourse to microfinance services.

Keywords

Beneficiaries, Microfinance, Social status.
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  • Impact of Microfinance on the Social Status of Beneficiaries

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Authors

Priyanka Chawla
Institute of Management Studies, DAVV Indore, India
Maneesh Kant Arya
Institute of Management Studies, DAVV Indore, India
Samir Dubey
Acropolis Institute, Indore, India

Abstract


This study deals with the low-income group people in Indore district and tries to find out how microfinance helps in increasing their social status, based on primary data collected from 500 respondents. The results reveal that the rate of interest and easy availability of microfinance services had positive impact on social status of microfinance users. This paper acknowledges the fact that social status of low-income group improves after they take recourse to microfinance services.

Keywords


Beneficiaries, Microfinance, Social status.

References