Citation

Koh, Her Loke and Solarin, Sakiru Adebola and Yuen, Yee Yen and Ramasamy, Suganthi and Goh, Gerald Guan Gan (2021) The Impact of Microfinance Services on Socio-Economic Welfare of Urban Vulnerable Households in Malaysia. International Journal of Business and Society, 22 (2). pp. 696-712. ISSN 1511-6670

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Abstract

The main objective of this study is to examine the effect of microfinance services on the socio-economic welfare of urban households in Malaysia. We distribute questionnaires to 400 respondents across three different urban areas in Malaysia in order to collect the relevant data for this study. Quota sampling is employed in the process of collecting the data. Incorporating income as a mediating variable into the model, the results show that most of the services provided by the microfinance institutions including microcredit, micro insurance and training have significant effect on socio-economic welfare. Income is also observed to have a significant impact on socio-economic welfare. With the exception of training, the microfinance services also have significant impact on income. The results further show that most of the microfinance services have indirect effect on welfare through income. The recommendations of this study are detailed in the body of the paper.

Item Type:	Article
Uncontrolled Keywords:	Microfinance, Socio-Economic Welfare, Financial Services, Non-Financial Services
Subjects:	H Social Sciences > HG Finance > HG178 Liquidity
Divisions:	Faculty of Business (FOB)
Depositing User:	Ms Nurul Iqtiani Ahmad
Date Deposited:	30 Sep 2021 14:21
Last Modified:	30 Sep 2021 14:21
URII:	http://shdl.mmu.edu.my/id/eprint/9596

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