Microfinance's Influence on Achieving Sustainable Development Goals in Pakistan: A Comprehensive Investigation of Khushhali Microfinance Bank Ltd in Mirpurkhas District
Keywords:
Poverty, Microfinance, SPSS, SGDsAbstract
This comprehensive investigation focuses on the impact of Khushhali Microfinance Bank Ltd in Mirpurkhas District, Pakistan, with a primary aim of contributing to Sustainable Development Goals (SDGs). The study evaluates the bank's interventions in poverty reduction (SDG 1), hunger alleviation and food security (SDG 2), promotion of health and well-being (SDG 3), and fostering quality education (SDG 4). Employing a non-probability sampling method, 226 respondents from Khushhalibank Limited Mirpurkhas were surveyed using structured questionnaires. Statistical analyses, including SPSS 22.0 and SEM, were employed to assess the relationship between microfinance interventions and living standards, income levels, and poverty reduction. The findings suggest that microfinance, as facilitated by Khushhali Microfinance Bank Ltd, plays a vital role in advancing SDGs. The study recommends a continued focus on digital payments, increased collaboration with other development policies, and emphasizes the need for ongoing research to enhance the evidence base for maximizing the impact of microfinance on various development sectors.
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