A STUDY OF MICROFINANCE FINANCIAL PRODUCTS IN QUALITY OF LIFE OF SLUM DWELLERS

Priyanka Bargal Hitendra Bargal Priyanka Chawla

Abstract


The objective of this research paper is to examine the effectiveness of broad
range of financial products such as deposits, loans, payment services, money transfers and
insurance offered to low-income households. The research also tries to identify how well the
services of microfinance help in improving the stand of living and quality of life of slum
dwellers. The research methodology includes quantitative research. The data was collected
from 200 respondents through structured interview. The respondents of the present study
were microfinance users of slum areas that were selected through random sampling
techniques. Hypotheses testing were done using multiple regression model. The findings of
the study revealed that payment services and remittance products are having positive
impact while other variables like livestock insurance; credit product has no impact on
quality of life of slum dwellers. The results concludes that although the services of
microfinance is fulfilling the aim and objectives of slum areas but still there is a need to
review the financial products offered by microfinance institutions for betterment of life of
low income group people.

Full Text:

PDF

References


Mamun, A. A., Wahab, S. A., Hossain, S.&

Malarvizhi, C. A.(2010). Impact of Amanah

Ikhtiar Malaysia’s Microcredit Schemes on

Hardcore Poor Households Quality of

Life.International Research Journal of

Finance and Economics, 60, ISSN 1450-

(2010) © Retrieved from:

http://www.eurojournals.com/finance.htm

UGC Approved Journal No.64664

Available Online: https://journal.scienceacad.com

Vol 20, No 01, January 2019 “14th-Conference"(IC-GAEMPSH) ISSN No.- 9726-001X

ID – JCS-9726-001X-2019 7

Chandrasekhar, S. & Mark R. Montgomery (2010). Broadening poverty definitions in India: Basic needs in urban housing. Human Settlements Programme, International Institute for Environment and Development (IIED), India.

Datta (2004), Microcredit in rural Bangladesh: Is it reaching the poorest? Journal of Microfinance, 6(1), 59.

Knight, T., & Farhad, H. (2008). Helping the Needy, Factors Influencing the Development of Microfinance in Barbados. Brooks World Poverty Institute, 1-17.

Bhattacharyya, Biswa N., Determinants of Financial Inclusion of Urban Poor in India: An Empirical Analysis (September 29, 2016). CESifo Working Paper Series No. 6096. Available at SSRN: https://ssrn.com/abstract=2866853

Dahiya, B. (2012). Cities in Asia, 2012: Demographics, economics, poverty,environment and governance. Cities 29 (2012) S44–S61.

Chatterjee G. (2002). Consensus versus Confrontation: Local Authorities and StateAgencies form Partnerships with the Urban Poor in Mumbai. Nairobi: UN-HABITAT.

NSSO (2006): Household Asset Holding, Indebtedness, Current Borrowings and Repayments of Social Groups in India as on June 30, 2002 Report No. 503, National Sample Survey Organisation New Delhi.

Agarwal, S., A. Satyavada, S. Kaushik and R. Kumar (2007). Urbanization, UrbanPoverty and Health of the Urban Poor: Status, Challenges and the Way Forward.Demography India, 36(1): 121-134

Khandelwal, A K (2007). ‘Microfinance Development Strategy for India’, Economic and Political Weekly, 42 (6), 1127-1135.

Kim Kyung-Hwan (1995). Access to Credit, Term of Housing Finance and Affordability of Housing. Housing Finance International, 9(4), 22-27.

Joseph, L. & Easwaran,K.(2006).SHGs and tribal development in Mizoram. Kurukshetra, 54, 37-48.

Karlan, D. & Zinman, J. (2010). Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts.Review of Financial Studies, 23 (1), 433-464.

Morduch, J., (1999). The microfinance promise. Journal of Economic Literature, 37(4), 1569-1614.

Mosley, P. (2001). 'Microfinance and Poverty in Bolivia', Journal of Development Studies, 37(4), 101-132.

Navajas, S., Schreiner, M., Gonzalez-Vega, C. & Rodriguez-Meza, J. (2000). Microcredit and the Poorest of the Poor: Theory and Evidence from Bolivia. World Development, 28 (2), 333-346.

NABARD. (2002). Banking with the Poor- Financing Self Help Groups. NABARD

Sriram, M.S. & R.S. Upadhyayula, (2004). The transformation of the microfinance

sector in India: experiences, options and future. Journal of Microfinance, 6(2), 89-112.


Refbacks

  • There are currently no refbacks.