MICRO FINANCE AWARENESS AND ITS IMPACT IN SAUDI ARABIA

Abstract

The study aimed to analyse micro financing impact in Saudi Arabia. In this study, the questionnaires were distributed to 100 respondents in awareness of micro financing among the individuals. Moreover, the data was gathered from secondary sources from different published articles, books, newspapers and e-books. Based on the result, the respondents were unaware of micro financing concept. Moreover, the micro financing was correlated with Islamic Shariah law and helped unfortunate individual and entrepreneurs. In additions, most respondents did not provide an appropriate response and remain neutral which indicated respondents were unaware micro financing and its concept. Many financial programs had been proposed and proved to be success while some programs were failed. Moreover, firm maintenance and stable in individual society empowerment was important. The micro financing concept encouraged individual and work for society improvement.