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Is microfinance program in Malaysia really effective in helping the poor?

Microfinance1 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 variou...

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Main Authors: Hamdan, Hamdino, Othman, Pazim @ Fadzim, Wan Hussin, Wan Sabri
Format: Article
Language:English
Published: World Business Institute, Australia 2012
Subjects:
HG3368 Islamic Banking and Finance
HJ1438 Public Finance In Islam
Online Access:http://irep.iium.edu.my/75163/1/World%20Review%20of%20Business%20Research.pdf
http://irep.iium.edu.my/75163/
http://ur.aeu.edu.my/64/1/Wan%20Sabri.pdf
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spelling my.iium.irep.751632019-10-29T08:00:54Z http://irep.iium.edu.my/75163/ Is microfinance program in Malaysia really effective in helping the poor? Hamdan, Hamdino Othman, Pazim @ Fadzim Wan Hussin, Wan Sabri HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam Microfinance1 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. World Business Institute, Australia 2012-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/75163/1/World%20Review%20of%20Business%20Research.pdf Hamdan, Hamdino and Othman, Pazim @ Fadzim and Wan Hussin, Wan Sabri (2012) Is microfinance program in Malaysia really effective in helping the poor? World Review of Business Research, 2 (1). pp. 79-97. ISSN 1838-3955 http://ur.aeu.edu.my/64/1/Wan%20Sabri.pdf
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG3368 Islamic Banking and Finance
HJ1438 Public Finance In Islam
spellingShingle HG3368 Islamic Banking and Finance
HJ1438 Public Finance In Islam
Hamdan, Hamdino
Othman, Pazim @ Fadzim
Wan Hussin, Wan Sabri
Is microfinance program in Malaysia really effective in helping the poor?
description Microfinance1 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 Article
author Hamdan, Hamdino
Othman, Pazim @ Fadzim
Wan Hussin, Wan Sabri
author_facet Hamdan, Hamdino
Othman, Pazim @ Fadzim
Wan Hussin, Wan Sabri
author_sort Hamdan, Hamdino
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 World Business Institute, Australia
publishDate 2012
url http://irep.iium.edu.my/75163/1/World%20Review%20of%20Business%20Research.pdf
http://irep.iium.edu.my/75163/
http://ur.aeu.edu.my/64/1/Wan%20Sabri.pdf
_version_ 1651865971549274112
score 13.211869

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