EFFECT OF MICROFINANCE LOANS ON BORROWERRS OF ZIN MIN HTIN COMPANY

This study is to analyze effect of microfinance practices on borrowers of Zin Min Htin Company at Seik Pin Village within East Dagon Township, Yangon divison. This study tries to find out whether poor household get better position in living standard. To collect the primary data, an empirical survey including 130 villagers was conducted in May, 2019. For the of the study, descriptive research method was applied. Mean and standard deviation were calculated by descriptive statistics and correlation analysis was calculated by the use of SPSS software package. Focusing area includes on the financial inclusion status of borrowers by means of economic effect and social effect. According to survey, effects are measured with the expenditure on education, health, food consumption, household utilities, saving and income condition of the borrowers. Microfinance program support for all respects of the economic functions, among which most of loan borrowers use loan for agriculture and the remains are used for health and repayment of the other loan with higher interest rate. It complied with microfinance program by the survey shows that most of respondents in microfinance program used their loan for expending on input materials in agriculture business. Finally this study shows that microfinance program much support economic and social effect of the households. Thus, microfinance program should be expanded widely to have full coverage in the whole country