A Study on Impact of Microfinance on Women’s Economic Empowerment”

The process of women challenging existing patterns and culture to effectively promote their well- being is said to be women's empowerment. Women's engagement in microfinance has had a extensive effect on women's empowerment in both social and economic domains. Women's elements of credit play a part in enhancing the ability of households to make decisions, the workforce, the participation rate, the control over resources, and even political and legal awareness, which creates opportunities for women to be more empowered. The study provides an excellent explanation of the significance of theories of women's growth and empowerment. The research to comprehend the concept, meaning, and various actions undertaken about microfinance in empowering women, a questionnaire was designed in aim to collect data through the respondents which are fit the research's definition of "studying the impact of microfinance in empowering women." The study's descriptive research design was chosen. Convenience sampling is used to select a sample size of 85 out of a possible 90 respondents. The hypothesis is formulated to investigate whether respondents' income levels and the effect of microfinance have changed since joining SHGs. The data is analyzed using the chi-square test to test the hypothesis, and percentage analysis is also performed to inspect the data.