Role of Microfinance Institutions in Entrepreneurship Development and Poverty Reduction

Abstract

This research focuses on the role of microfinance institutions (MFIs) in Entrepreneurship Development and Poverty Reduction. This research investigate that how microfinance institutions work for providing opportunities to Entrepreneurs in Pakistan as well as all around the world. For the poverty reduction, this study shows the different ways and services through which microfinance institutions are supporting poor and eliminate poverty. This study used the primary data which collected through structured questionnaires. The questionnaire covered the total 105 respondents (male and female). Data analysis was done by using (SPSS). ANOVA, demographics and correlation statistical were used to analysis the data. It is evident through findings that microfinance institutions such as Non-Governmental Organizations (NGOs) and Banks play significance role in Entrepreneurship Development and Poverty Reduction.