Abstract:
Microcredit may be a sum credit-bearing interface allowed to micro-entrepreneurs who don't have access to conventional keeping money services. This sort of credit makes it conceivable for individuals who are excluded from managing an account framework as we know it to make or create an income-generating movement. The purpose_of the study is to investigate the effects of microcredit on income, health, and education of household of credit users. In this study, people using microcredit in Rawalpindi data were targeted and data was collected by using a questionnaire. Respondents of microcredit users were selected from different areas of Rawalpindi. The result of the statistical analysis shows the impact of microcredit on income, education, the health of households by using descriptive ana lysis we have concluded that Microcredit has a positively impact on the increasing income of the borrower, but it didn't show any dramatic change in education and health. Microcredit ·has played an important role in overcoming poverty and bringing people out of poverty by increasing their utilization potential and income level. The race for quality education, better health, and a higher quality of life forces them to increase their income and usage. In this regard, credit institutions are now available at a smaller scale level, allowing them to borrow to cover the costs of their child's education and lifestyle
