Impact of Financial Inclusion on Household Empowerment: Mediating role of Entrepreneurship Intentions in Pakistan

Shahnawaz Sarfraz  Raja; Shahjahan Sarfraz Raja; Sania Sarfraz Raja

doi:10.62019/abbdm.v3i2.249

Authors

Shahnawaz Sarfraz Raja Project Manager, Khushal Dastkaar, Rawalpindi, Pakistan
Shahjahan Sarfraz Raja CEO, Khushal Dastkaar, Rawalpindi, Pakistan
Sania Sarfraz Raja Assistant Professor, Department of Management Sciences, National University of Modern Languages, Islamabad, Pakistan

DOI:

https://doi.org/10.62019/abbdm.v3i2.249

Keywords:

Financial inclusion, household social empowerment, economic empowerment, entrepreneurship intention.

Abstract

The purpose of this research is to examine how access to financial services influences the social and economic well-being of households, as well as their propensity to pursue entrepreneurial opportunities. In addition, to investigate how aspirations for business ownership affect the financial and social standing of families. The hypothesis that an individual's desire to start a business plays a moderating role in the connection between financial inclusion and a family's capacity to effect social change is tested. For this study, surveyed a random sample of 98 business owners, equal numbers of men and women. All responders were given a questionnaire that they may fill out on their own time. It has been shown that the ambition to start a business mediates the connection between financial inclusion and economic empowerment. It is suggested that creating an encouraging atmosphere and an entrepreneurial ecosystem might help inspire people to take the plunge.