Understanding impact of microcredit on socio-economic status of women micro-entrepreneurs
by Nivedita T. Dwivedi; Amit Kumar Dwivedi
International Journal of Business and Globalisation (IJBG), Vol. 30, No. 2, 2022

Abstract: Microcredit is a small ticket loan provided by microfinance institutions for starting enterprise to the poor people. The study is conducted on those women beneficiaries who are the member of self-help groups (SHGs) and had taken microcredit and took entrepreneurial ways of livelihood and run a micro-enterprise in their localities. The findings of the study conclude that: 1) after becoming economically empowered, women's socio-economic status in the society as well as in her family have improved substantially and there is positive change observed in her personality also; 2) significant number of women micropreneurs fall in the age group of 31 to 40 participate in decision-making regarding family; 3) the women microcredit beneficiaries contribute too appropriately in their family's income; 4) women become responsible for microcredit, for repayments, for maintaining saving accounts and after bearing these responsibilities, women gain confidence to take charge of their lives and the lives around them; 5) microcredit is an empowerment tool for women who take-up entrepreneurial career.

Online publication date: Thu, 05-May-2022

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