ROLE OF MICROCREDIT AND LITERACY IN EMPOWERMENT OF WOMEN: EVIDENCE FROM SLUM HOUSEHOLDS OF BAHAWALPUR IN PAKISTAN

Abstract

Women domiciliary participants faced with many more complications than men due to their numerous simultaneous roles. Their performance has greatly contributed in the improvement of household life, especially in welfare of their families. The driving force of the purpose of this research is to assess the role of women in improving the household life of slum area Bahawalpur Pakistan. The on-going intellectual package of study based on 400 women household borrowers were selected from three randomly selected financial institutions NRSP, TMBL and KBL using stratified random sampling technique. The data was analyzed through suitable descriptive analysis and method of Multinomial Logit Model by applying STATA 15 statistical software. This study found that Microcredit to women is not simplest role in reduction of poverty and for bring the sustainability in financial system of a country or specific area. But it's also presentation of top notch development in financial enablement of the women, which can establish the improved well-being, social and economic empowerment for ladies. Therefore, it can say that the Micro financing to women can be a best step to remove the gender equality and establishment of women standard in the society.