Since the early 1980s, many governments have investigated the possibility of utilising access to microloans, as a pathway to grow economies out of unemployment and thereby improve people’s quality of life. Studies that have previously investigated the impact of microloans, found a positive relationship to quality of life. Unfortunately, these studies mainly measure quality of life using monetary (income) measures rather than assessing the entire multidimensionality of quality of life.
Access to micro and informal loans: evaluating the impact on the quality of life of poor females in South Africa
Research Brief 186