The Impact of Micro Finance on the Household Income and Consumption level in Danyore, Gilgit-Baltistan Pakistan

Abstract

Danyore with the population of more than 25000(LSO) individuals depend upon the conventional agriculture and its associated activities and small-scale business. Facilities of micro finance avail by both men and women in order to create income generation opportunities to cater domestic needs of their families. During the last ten years, micro finance has been providing innovative and effective channels of economic activities by investing in different fields such as livestock, agriculture, dry fruits, handicrafts and home industries. Improving health, education and living standard are the results of the micro finance in premises of Danyore. The micro finance has been playing pivotal role in eradicating poverty and bring people above the poverty line by increasing consumption capacity and income level. Now the common people are more actively involved in to adapt new ideas of livelihood. The race for quality education, health better quality of life force them to raise the level of income and expenditure, in this regard credit services is available at micro level now they can borrow to meet the cost of their child’s education.