Role of Microfinance on Economic Empowerment of Women (A Sociological Study of Women Members of Royal Cooperative LTD. Dulegaunda)
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Faculty of Sociology
Abstract
Role of Microfinance on Economic Empowerment of Women (A Sociological Study
of Women Members of Royal Cooperative Limited Dulegaunda) is representative
vision of the reality. Main thrust of the present study is to find out the monthly saving
of women respondents and to analyze the impact of micro finance to improve in
economic status of the member women.
To conduct present study analytical and descriptive approach has adopted. Analytical
approach has utilized mainly to analyze the relationship between income, investment
and other variables. Descriptive approach has used mainly for conceptualization of the
research objectives and research problem of the study. This study was based on
primary data. These primary data was both qualitative as well as quantitative.
Secondary data was used in this study was collected from different sources such as:
Various research studies, dissertation and article related to the study, Annual reports
from municipality.
All the co-operatives working with in Shuklagandaki Municipality, Tanahun was
supposed to be a universe. Women affiliated / gained membership of Royal
Cooperative has the main sources of study. The study could cover the Shuklagandaki
Municipality-2 and related women who was directly and indirectly involved in co-
operative program. The area of this study was selected by using purposive sampling.
There are 404 women shareholders who have more than 500 rupees. Out of the 404
women shareholders, 101 women was taken as sample by using simple random
sampling method. Under simple random sampling method required sample was
selected using Lottery Method which provide free from biasness Questionnaire is the
main tools of data collection.
Microfinance of Royal Cooperative, Dulegaunda is a women participating
microfinance institution so it is organizing different fund rising programs such as
saving, loan disbursement etc. within participating women. In the Microfinance
program saving and its mobilization and skill enhancement are the main instruments
to raise the economic growth and human resource development.
Saving is the basis of investment and loan disbursement. Microfinance is actively
involved in saving programs of women. Women are also interested and motivated to
save more with Microfinance programs. With saving they are encouraged to mobilize
that save in terms of loan. This will help to solve the financial problem of women in
society to some extent.
Loan disbursement and on time payment is an essential part of the program.
Microfinance can slowly meet the required criterion of loan repayment with
increasing trend in recovery and still the amount of outstanding remained to the
required criterion. Loan is disbursed in different sectors and Microfinance is still
focusing more on loan disbursement to poor women. Interest recovery from loan
investment is satisfactory and it is in increasing trend with certain fall. It shows that
women believe in loan and interested to invest that loan in profitable sector.
Majority of the women are involved in agriculture. The status of loan investment and
income of women is found satisfactory and they are earning slowly higher with
involvement of this program. Instead of this, business which is running by taking loan
is found as running satisfactory. Poor women are found more and some of them have
high confidentiality of standing themselves as a successful entrepreneur in future.
Majority of women believe that involvement in Microfinance program initiates to
increase their living standard.
Participants in Microfinance programs are from different ethnic groups. Some of
women prefer low interest rate, long repayment time, and more loan amount to
increase their living standard more.
The overall study shows that the program has made positive impact on the women
living standard by generating employment and increasing productivity. The most
important and effective program is to the basis to uplift the economic condition of
rural women. Most of the sampled women are under farmer's category and the major
source of income of women is agriculture.