Champa Bosu*

Department of Management, Laxmipur Government Mohila College, Laxmipur, Bangladesh. 

*Correspondence: champabosu555@gmail.com (Champa Bosu, Lecturer, Department of Management, Laxmipur Government Mohila College, Laxmipur, Bangladesh).

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ABSTRACT 

This study delves into the impact of microfinance institutions (MFIs) on women's empowerment in Bangladesh, focusing on Cumilla District. Employing a mixed-method approach, the research investigates the multifaceted dimensions of women's empowerment facilitated by MFIs, incorporating both qualitative and quantitative methodologies. The literature review examines the economic, socio-cultural, and political implications of microfinance on women's empowerment. A conceptual framework elucidates the interplay between microfinance and women's empowerment within the context of Bangladesh's 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 women’s agency and economic status. Challenges and opportunities in fostering women's 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 women's empowerment, offering implications for policy and practice in development initiatives aimed at empowering women in Bangladesh and beyond.

Keywords: Microfinance, Poverty, Women's empowerment, NGO, Development, and Poverty alleviation.

Citation: Bosu C. (2024). Unveiling the impact of microfinance on women's empowerment: insights from Cumilla district, Bangladesh, Int. J. Manag. Account. 6(3), 55-70. https://doi.org/10.34104/ijma.024.055070

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