Abstract
There is tremendous growth of microfinance industry in Pakistan both in terms of active borrowers and gross loan portfolio. The present study has examined the structure of both the conventional and Islamic microfinance programmes to measure its welfare impacts on entrepreneurial development and financial sustainability. Primary data is collected from 625 recipients who received loan from Akhuwat Foundation and JSW in Gujranwala division. The findings reveal that all the respondents have not invested loan in business and around one-third still lack the business. The multivariate analysis shows that microfinance loan has no significant impact on net profits and financial sustainability. The other factors i.e. saving, enterprise experience and location matters for earning more profits.
Keyword(s)
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