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RESEARCH PRODUCT

A Comparative Analysis of Micro Finances: An Economic Impact of Micro Finance upon Income Level of People in Kavrepalanchok District, Nepal

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Master thesis Business Administration - University of Agder 2016 Micro Finance, one of the essential banking services providing institution has a major contribution upon the economic development of people and nation. It targets mostly to low income generating people and assist them to enhance their life style in a better way. It provides financial services to such people and tries to eradicate the poverty from the nation. Kavrepalanchok district in Nepal, with an area of 1,396 square kilometer with the population of more than 450,000 is a gateway to capital city Kathmandu. The people in this district rely upon business and agricultural income. Micro Finance has significant effect upon the level of income in this district. The distance from the main city Kathmandu has also adverse effect upon the level of income and economic development of the people in Kavrepalanchok district. It assists to uplift the level of income of the people here by providing small loan with lower interest rate. It provides loan in a group of people. Micro Finance in this region generally provides its financial services only to women from a single family. Further, Micro Finances with different established dates and locations have their individual economic impact upon their clients. This comparative economic impacts result to their level of financial performance. Keywords: Agriculture, Business, Economic Development, Income Level, Micro Finance