Role of Micro-Finance in Socio-Economic Development of Kathmandu, Nepal

  • Dipak Bahadur Adhikari Patan Multiple Campus, T.U. Patan Dhoka, Nepal
Keywords: Microfinance, socio-economic, Loanees, non-loanees, Kathmandu

Abstract

The focus of this paper is to analyze the role of micro-finance in socio-economic development of Kathmandu. Microfinance is a simple but effective credit tool that enables the most poor to pull themselves out of poverty. The socio-economic status of loanees has improved consequently than when they started small business with loan in the earlier days. Moreover, it was found that their socio-economic status was higher than that of non-loanees. Microcredit is an effective tool for raising the socio-economic status of the poor people, particularly the women.

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Author Biography

Dipak Bahadur Adhikari, Patan Multiple Campus, T.U. Patan Dhoka, Nepal

Lecturer, Department of Economics

Published
2019-09-30
How to Cite
Adhikari, D. (2019). Role of Micro-Finance in Socio-Economic Development of Kathmandu, Nepal. Patan Pragya, 5(1), 1-10. https://doi.org/10.3126/pragya.v5i1.30431
Section
Articles