Among the main objectives of microfinance intervention is to help women entrepreneurs grow their businesses andhence enhance their socio-economic well-being. The study therefore was conducted to assess the effect of microfinance on socio-economic well-being of women (or women empowerment)
SPSS was used to run regression to examine the correlation between microfinance and profit and hence economic well-being of the women entrepreneurs. It was found that microfinance indeed has a direct correlation with Profit and hence socio-economic well-being of women (women empowerment).
Stated differently it was revealed that Microfinance has positively impacted on the women's Profit, businesses and hence their socio-economic-wellbeing. However, there was a reasonable percentage of respondents who indicatedthat microfinance has rather made them worse off.
Contribution/ OriginalityThe study contributes to existing literature in the area of microfinance and women empowerment.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.