Effect of Microfinance on Women Entrepreneurship: A Case Study of Siyari Rular Municipality
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Department of Management
Abstract
This study surveys 110 women entrepreneurship of Siyari Rural Municipality to
examine their position of business volume and turnover, saving and expenditure and
ownership of assets after and before taken loan from microfinance. The assessment of
the process was Purposive sampling technique, semi-structured questionnaire was
developed to gather the information. Both parametric t-test and non-parametric
McNemar test have been applied to test the significance of the study.
The findings suggested that most of the MFIs of Siyari Rural Municipality was found
to provide only credit and saving facilities to women entrepreneurs and none of the
institutions were found to provide training facility. The intervention of MFIs for
women entrepreneurs had significant positive impact on business volume and turnover
of women entrepreneurs improved, women started saving more and their expenditure
pattern also improved after they took loan from microfinance. Though the overall
dimensions of ownership of assets of women entrepreneurs has significant difference
before and after taking loan from microfinance but in case of land, house and
motorcycle there is no significant difference as the women can get only few amount of
credit from MFIs which is not sufficient for adding any heavy assets .
The main problem that the women were struggling for is lack of capital and training
from microfinance in order to run their business smoothly and they are taking loan in
high interest rate. However, women entrepreneur are highly influenced by doing their
business after taking loan from microfinance and they have able to keep positive
impact towards their savings and expenditure, assets position and their living of
standard.