IMPACT OF MICRO FINANCE IN INCOME GENERATION OF WOMEN IN NAGARJUN MUNICIPILITY, KATHMANDU

Abstract

This study aims to evaluate how microfinance impacts poverty reduction in Nepal, with a specific focus on its role in empowering women economically and socially, as well as the challenges faced by beneficiaries. Additionally, it examines the management of microfinance projects, especially considering the disorganized rural credit behavior observed in small-scale initiatives in Nepal. Through assessing the performance of existing microfinance organizations, the research intends to improve the delivery of services to small farmers, emphasizing its importance. The study adopts a descriptive, exploratory, and analytical approach. The descriptive phase investigates household and socioeconomic characteristics to establish context, while the analytical aspect assesses the impact of microfinance on living standards, empowerment, and poverty reduction. These findings aim to expand the current knowledge base and suggest avenues for future research. While the study addresses significant aspects of microfinance, it acknowledges a gap in analyzing the supply capacity of Microfinance Institutions (MFIs). Future research could explore the ability of MFIs to serve impoverished communities and identify reasons for any disparities between demand and supply. Ultimately, the study underscores the transformative potential of microfinance in fostering self-sufficiency and societal contribution. By empowering the economically disadvantaged, microfinance initiatives are essential for building a healthy, educated, and equitable society, aligning with broader societal goals. Keywords: Women empowerment, education and income level, family support, decision making, ownership of assets