Contribution of Khushhali Bank limited on poverty alleviation

Abstract

The objective of the research is to study the impact of Khushhali Bank Ltd (KBL) on poverty alleviation. To access the impact of micro-credit of Khushhali bank Ltd on its clients four branches of KBL situated in Rawalpindi, Lahore, Gujrat and Sheikhupura were selected. A sample of 107 clients was selected for the present study. Data was collected by employing self-structured questionnaires having questions related to change in income, savings, expenditures on food, health, education, residence and asset purchase. Data was analyzed through graphs and charts. Survey indicated that KBL has enabled it’s borrowers to earn more income and developed the habit of savings of those clients who were hardly meeting their expenditures before taking credit facility from KBL and has increased their ability to purchase assets. KBL made positive impact on lives of clients especially living in rural areas who always face problems of natural calamities, lack of cash in emergencies, lack of facilities of basic necessities like education, health, residence, and nutritional food. KBL has pulled them out from poverty and contributed in poverty alleviation.