Microfinance slashes poverty rates in Pakistan by over 10%!
The study looked at how microfinance can help reduce poverty in Pakistan. Researchers collected data from 300 households and found that providing microfinance decreased the poverty rate from 42.67% to 29.33%. They also discovered that factors like education, market availability, and duration of microfinance had a negative impact on poverty levels, while family size and gender had a positive impact.