Research Article
Microcredit and Economic Welfare: Experience of Poor Rural Households from Pakistan
Waqas Umar Latif,
Sana Ullah,
Wasim Ahmed,
Muhammad Umar Sultan,
Rana Muhammad Sohail Jafar,
Muhammad Tariq,
Wang Linping,
Waqas Umar Latif
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorSana Ullah
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorWasim Ahmed
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorMuhammad Umar Sultan
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorRana Muhammad Sohail Jafar
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorMuhammad Tariq
College of Economics, Bahauddin Zakariya University, Multan, Pakistan
Search for more papers by this authorCorresponding Author
Wang Linping
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Correspondence to:
Wang Linping, College of Economics, Fujian Agriculture and Forestry University, Fuzhou 350002, China; Fujian Agriculture and Forestry University, 15 Shangxiadian Road, Cangshan District, Fuzhou 350002, China.
E-mail: linpingwang@fafu.edu.cn; 3538650533@qq.com
Search for more papers by this authorWaqas Umar Latif,
Sana Ullah,
Wasim Ahmed,
Muhammad Umar Sultan,
Rana Muhammad Sohail Jafar,
Muhammad Tariq,
Wang Linping,
Waqas Umar Latif
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorSana Ullah
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorWasim Ahmed
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorMuhammad Umar Sultan
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorRana Muhammad Sohail Jafar
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Search for more papers by this authorMuhammad Tariq
College of Economics, Bahauddin Zakariya University, Multan, Pakistan
Search for more papers by this authorCorresponding Author
Wang Linping
College of Economics, Fujian Agriculture and Forestry University, Fuzhou, China
Correspondence to:
Wang Linping, College of Economics, Fujian Agriculture and Forestry University, Fuzhou 350002, China; Fujian Agriculture and Forestry University, 15 Shangxiadian Road, Cangshan District, Fuzhou 350002, China.
E-mail: linpingwang@fafu.edu.cn; 3538650533@qq.com
Search for more papers by this authorSummary
This research article effort to empirically assess the effect of microcredit on household economic welfare consequences, for example income and consumption in rural Pakistan. The valuation is based on the difference-in-difference method that is a progressively popular technique of tackling the selection bias issue in measuring the influences of microcredit. This paper uses a 2-year panel data set, together with both primary and secondary data gained through a household survey in rural Pakistan. Our empirical outcomes favour the full belief in the literature that participates in microcredit programme helps expand households' economic welfare, for example income and consumption. Despite the positive results on how microcredit has improved the rural households' living status, our outcomes display that the huge majority of the program applicants are non-poor, which casts roughly uncertainties on the social potential (for example poverty alleviation) of Pakistan's microcredit programs. © 2020 John Wiley & Sons, Ltd.
Open Research
Data Availability Statement
(Data available on request due to privacy/ethical restrictions). The data that support the findings of this study are available on request from the corresponding author. The data are not publicly available due to privacy or ethical restrictions.
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