Open Access
American Research Journal of Business and Management
ISSN (Online): 2379-1047
DOI: 10.46568/arjbm
Micro-Credit Programs for Empowering Women to Alleviate Poverty
Abstract
Microfinance refers to the practice of providing financial services to poor people to alleviate poverty,
such as micro-credit, micro-savings or micro-insurance. Small loans are made to start their own business.
Such loans are generating jobs and income. Starting with micro-credit, income from these businesses enables
lenders to enjoy better accommodation, health care and education. They get hope for a better future when
they earn additional income. International micro-loan repayment is higher than ninety five percent, allowing
micro-finance institutions to turn over these funds to even more customers. Microfinance helps one to break
the cycle of deprivation in a single generation itself by giving a hand up. It can be concluded from this study that
the empowerment of women is greatly improved by microfinance. It is also noted that the Self-Help Groups can
provide the expected benefits to rural women folk by providing training on soil conservation, social forestry,
dairy production, fisheries, livestock, horticulture and other related activities.
