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Understanding impact of microcredit on socio-economic status of women micro-entrepreneurs

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  • Nivedita T. Dwivedi
  • Amit Kumar Dwivedi

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.

Suggested Citation

  • Nivedita T. Dwivedi & Amit Kumar Dwivedi, 2022. "Understanding impact of microcredit on socio-economic status of women micro-entrepreneurs," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 30(2), pages 262-278.
    • Handle: RePEc:ids:ijbglo:v:30:y:2022:i:2:p:262-278
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