Title: Impact of microfinance on socio-economic status of women entrepreneurs in developing countries: a sentiment analysis

Authors: Ruchika Bal; Kanwal Anil

Addresses: Department of Commerce, Ramanujan College, University of Delhi, Delhi, India; School of Business Public Policy and Social Entrepreneurship, Ambedkar University Delhi, Delhi, India ' School of Business Public Policy and Social Entrepreneurship, Ambedkar University Delhi, Delhi, India

Abstract: Microfinance has brought the ray of light in the times of darkness by financing the marginalised. Various studies have shown the evidence that microfinance has deeply influenced the economic as well as social capital of women in developing countries. The research evaluates the effect of microfinance on socio-economic status of women entrepreneurs in the developing countries. This study is based on the descriptive analysis performed through text-mining, sentiment analysis using NLP in RStudio and a systematic review of literature in the context of developing countries. The findings from the research underline that although microfinance has carved its niche in developing nations in building a positive image about itself, there are, however, certain factors that may retract this positive position. The present research can prove to be a useful reference point for micro finance institutions and policy making institutions in designing microfinancing programmes and policies more holistically, worldwide.

Keywords: microfinance; empowerment; gender equality; socio-economic status; women entrepreneurs; global phenomenon; developing countries.

DOI: 10.1504/IJBG.2024.142231

International Journal of Business and Globalisation, 2024 Vol.38 No.2, pp.233 - 261

Received: 18 Jun 2020
Accepted: 09 Apr 2021
Published online: 15 Oct 2024 *

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