EVALUATING THE SOCIAL IMPACT OF INTEREST-FREE MICROFINANCE INSTITUTIONS IN KERALA: AN ANALYSIS OF VARIANCE

Author:

P A Ameer,Arunachalam P

Abstract

The study has evaluated the Social Impact of Interest-free microfinance institutions (IFMFIs) in Kerala in terms of Impact on Self-confidence, Impact on Skill Development and Impact on Social Awareness and Responsibility to examine their performance in keeping their social commitments towards their beneficiaries. Using a sample size of 454 respondents from 32 sample institutions, the study found that the IFMFIs in Kerala have a positive social impact on its beneficiaries. The study has also made an attempt to examine whether there is any significant difference between the Society Model, Trust Model and Nidhi Model of Interest-free Microfinance in Financial Performance and found the hat Society Model of interest-free microfinance institutions are performing better in all social impact parameters compared to other two models.

Publisher

Granthaalayah Publications and Printers

Subject

General Earth and Planetary Sciences,General Environmental Science

Reference17 articles.

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2. Ameer, A. (2015). Outreach Performance and Financial Sustainability of Interest-Free Microfinance Institutions in Alappuzha, Kerala. Sai Om Journal of Commerce and Management, 2(8), 10-16.

3. Hadisumarto, W. B. M. C., and Ismail, A. G. B. (2010). Improving The Effectiveness of Islamic Micro‐Financing: Learning From BMT Experience. Humanomics.

4. Islam, R., Ahmad, R., Ghailan, K., and Hoque, K. E. (2020). An Islamic Microfinance Approach to Scaling Up the Economic Life of Vulnerable People With HIV/AIDS in the Muslim Society. Journal of Religion and Health, 59(3), 1327-1343. https://doi.org/10.1007/s10943-019-00832-8.

5. Ismail, A. G., and Elzahi, A. (Eds.) (2015). Regulation and Supervision of Islamic Microfinance. International Islamic University Malaysia.

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