Microfinance And self-help finance system to reduce poverty from Pakistan: an it-based solution

Herani, Gobind M. (2010): Microfinance And self-help finance system to reduce poverty from Pakistan: an it-based solution. Published in: Indus Journal of Management & Social Sciences No. , 4(1): (2010): pp. 55-63.

Abstract

The aim of this paper is to find out the techniques and suggest computer-based solution to reduce poverty from Pakistan, and suggest sustainable management of micro-Finance and Self-help Finance systems. Literature review at national and international level reveals that many researchers have attempted to suggest microfinance as a tool to reduce poverty. Self-help financing blended with donor’s finance is also successfully being practiced. Model of Grameen Bank is also being replicated with some modification as per demand of the localities, as there is always a room for improvement with scientific and technological inventions. Computer technology, as it is already playing its role in various fields, can be fruitfully utilized for proper management of this proposed project. Presently NADRA e-Sahulat and Telenor’s easy paisa are programs that have capability to help the masses with maximum accuracy in the financial transactions. Some studies also encourage establishing a microfinance bank, with small deposits plus donor’s funds, to be electronically managed by NGOs and controlled by organizations of indigenous peoples in villages. This study concludes that by reducing manpower intermediate-expenditure and irregularities will reduce poverty and will help in saving the amount for maximizing their own welfare. Presently, facilities are already available with latest technology, which if modified and innovated will bear fruit. This study suggested that how national and international donor Agencies should get accurate real-time information relating dissemination of their funds in right-hands, with to increased efficiency and decreased management expenditure.

• Item Type: MPRA Paper
• Language: English
• Keywords: Microfinance; Self-Help Finance; NADRA e-Sahulat; Tameer Bank and Easypaisa
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B21 - Microeconomics; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M5 - Personnel Economics > M54 - Labor Management; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J26 - Retirement ; Retirement Policies; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D85 - Network Formation and Analysis: Theory; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J23 - Labor Demand

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