Impact evaluation of microfinance: a HEPM perspective

Microfinance services were primarily conceived for poverty alleviation and millions of borrowers have benefited across various countries. This study measures microfinance impact on from the following dimensions viz. enterprise, household, individual security. The was measured by comparing borrowers’ level before after (within impact), then with without (between impact) using Household Economic Portfolio Model (HEPM). In general, it observed that has had a favorable borrowers. income increased they availed loan indicating participant financial position is better than non-participant results confirm both industry survival growth are achievable thereby advocating sustainable development tool in current scenario. Hence, policymakers should continue framing strategies favour extending to micro-enterprises deprived mainstream finance.