Financial Literacynin Women Empowerment

Abstract

Abstract. This study aims to examine financial literacy in women empowerment as awareness of this issue initially emerged due to the global economic crisis which occurred between 2007 and 2010. One of the causes of the financial crisis, in addition to overlapping policies and greed, was the prevalence of financial illiteracy that had ultimately led some to wrong decision making in financial matters. The impact of making wrong decisions will affect the future state (situation) of national economy. Through financial literacy, individuals included within the poorest category in economic terms, are expected to be given proper guidance and financial information so that they become empowered, meaning that they will use the guidance and information they have to improve their financial situation. Financial literacy can be a tool for achieving social justice through empowerment, which subsequently relates to women empowerment. The empowerment of women has been conducted expansively across the globe, and one of the attempts is through microfinance. This study uses literature study as its methodology and it concludes that financial literacy can also be considered as a reference to participate in supporting the success of empowering women through microfinance activities.