Unveiling the Impact of Microfinance on Womens Empowerment: Insights from Cumilla District, Bangladesh
Champa Bosu*
Abstract
This study delves into the impact of microfinance institutions (MFIs) on womens empowerment in Bangladesh, focusing on Cumilla District. Employing a mixed-method approach, the research investigates the multifaceted dimensions of womens empowerment facilitated by MFIs, incorporating both qualitative and quantitative methodologies. The literature review examines the economic, socio-cultural, and political implications of microfinance on womens empowerment. A conceptual framework elucidates the interplay between microfinance and womens empowerment within the context of Bangladeshs economic landscape and microfinance sector. Through surveys and interviews with loan officers and women beneficiaries, key findings emerge regarding decision-making dynamics, savings and investments, political participation, and household income improvement. The analysis highlights the transformative role of MFIs in enhancing womens agency and economic status. Challenges and opportunities in fostering womens empowerment through microfinance interventions are discussed, underscoring the need for tailored strategies to maximize impact. Overall, this research provides valuable insights into the nuanced relationship between microfinance and womens empowerment, offering implications for policy and practice in development initiatives aimed at empowering women in Bangladesh and beyond.
Keywords
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Article Info:
Academic Editor
Dr. Doaa Wafik Nada, Associate Professor, School of Business and Economics, Badr University in Cairo (BUC), Cairo, Egypt.
Lecturer, Department of Management, Laxmipur Government Mohila College, Laxmipur, Bangladesh.
Cite this article
Bosu C. (2024). Unveiling the impact of microfinance on womens empowerment: insights from Cumilla district, Bangladesh, Int. J.Manag. Account. 6(3), 55-70. https://doi.org/10.34104/ijma.024.055070
