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Is Microfinance Program in Malaysia Really Effective in Helping the Poor?

Microfinance program is becoming more significant as the main contributor in creating new job opportunities and generating income for increasing social well-being and economic status of the poor and eradicating poverty. Basically, the microfinance program in Malaysia has been administered by various...

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Main Authors: Hamdinio, Hamdan, Pazim @ Fadzim, Othman, Wan Sabri, Wan Hussin
Format: Journal
Language:English
Published: Billion Brains 2012
Subjects:
HF Commerce
HG Finance
Online Access:http://ur.aeu.edu.my/64/1/Wan%20Sabri.pdf
http://ur.aeu.edu.my/64/
http://www.wrbrpapers.com/
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spelling my-aeu-eprints.642017-08-16T06:56:37Z http://ur.aeu.edu.my/64/ Is Microfinance Program in Malaysia Really Effective in Helping the Poor? Hamdinio, Hamdan Pazim @ Fadzim, Othman Wan Sabri, Wan Hussin HF Commerce HG Finance Microfinance program is becoming more significant as the main contributor in creating new job opportunities and generating income for increasing social well-being and economic status of the poor and eradicating poverty. Basically, the microfinance program in Malaysia has been administered by various institutions and non-banking government agencies. The most important institutions for this study are Lembaga Zakat Selangor (LZS), Yayasan Basmi Kemiskinan (YBK)Selangor, Amanah Ikhtiar Malaysia (AIM) and Yayasan Tekun Nasional (TEKUN). The focus of this study is to evaluate the effectiveness of YBK Selangor, AIM, TEKUN and LZS microfinance programs in increasing the participants’ income and eradicating poverty by conducting microenterprise businesses through the adoption of entrepreneurial concept. Based on the univariate and multivariate analysis, the results show that AIM is the most effective microfinance program as it enables the poor to increase their income and improve their social well-being. The study also shows that monitoring, fund size, purpose of loan usage and total income before participating in the microfinance program are the main factors which influence the level of income that poor people can generate. In addition, Islamic microfinance program which is based on Syariah and Islamic Finance concept has a very high potential in helping the poor people to expand and diversify their economic activities, increase their income and improve their social well-being. Billion Brains 2012-01 Journal PeerReviewed text en http://ur.aeu.edu.my/64/1/Wan%20Sabri.pdf Hamdinio, Hamdan and Pazim @ Fadzim, Othman and Wan Sabri, Wan Hussin (2012) Is Microfinance Program in Malaysia Really Effective in Helping the Poor? World Review of Buisiness Research, 2 (1). pp. 79-97. ISSN 1839-1176 http://www.wrbrpapers.com/
institution Asia e University
building AEU Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Asia e University
content_source AEU University Repository
url_provider http://ur.aeu.edu.my/
language English
topic HF Commerce
HG Finance
spellingShingle HF Commerce
HG Finance
Hamdinio, Hamdan
Pazim @ Fadzim, Othman
Wan Sabri, Wan Hussin
Is Microfinance Program in Malaysia Really Effective in Helping the Poor?
description Microfinance program is becoming more significant as the main contributor in creating new job opportunities and generating income for increasing social well-being and economic status of the poor and eradicating poverty. Basically, the microfinance program in Malaysia has been administered by various institutions and non-banking government agencies. The most important institutions for this study are Lembaga Zakat Selangor (LZS), Yayasan Basmi Kemiskinan (YBK)Selangor, Amanah Ikhtiar Malaysia (AIM) and Yayasan Tekun Nasional (TEKUN). The focus of this study is to evaluate the effectiveness of YBK Selangor, AIM, TEKUN and LZS microfinance programs in increasing the participants’ income and eradicating poverty by conducting microenterprise businesses through the adoption of entrepreneurial concept. Based on the univariate and multivariate analysis, the results show that AIM is the most effective microfinance program as it enables the poor to increase their income and improve their social well-being. The study also shows that monitoring, fund size, purpose of loan usage and total income before participating in the microfinance program are the main factors which influence the level of income that poor people can generate. In addition, Islamic microfinance program which is based on Syariah and Islamic Finance concept has a very high potential in helping the poor people to expand and diversify their economic activities, increase their income and improve their social well-being.
format Journal
author Hamdinio, Hamdan
Pazim @ Fadzim, Othman
Wan Sabri, Wan Hussin
author_facet Hamdinio, Hamdan
Pazim @ Fadzim, Othman
Wan Sabri, Wan Hussin
author_sort Hamdinio, Hamdan
title Is Microfinance Program in Malaysia Really Effective in Helping the Poor?
title_short Is Microfinance Program in Malaysia Really Effective in Helping the Poor?
title_full Is Microfinance Program in Malaysia Really Effective in Helping the Poor?
title_fullStr Is Microfinance Program in Malaysia Really Effective in Helping the Poor?
title_full_unstemmed Is Microfinance Program in Malaysia Really Effective in Helping the Poor?
title_sort is microfinance program in malaysia really effective in helping the poor?
publisher Billion Brains
publishDate 2012
url http://ur.aeu.edu.my/64/1/Wan%20Sabri.pdf
http://ur.aeu.edu.my/64/
http://www.wrbrpapers.com/
_version_ 1644539654835273728
score 13.211869

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