Boosting the Potentials of Women - A Case Study of Microfinance in Kerala

Abstract

Financing is the major issue in all entrepreneurial activities. Corporate houses and the rich have collaterals to acquire loans from financial institutions. As far as the rural poor are concerned getting loans from a non exploiting source is critical to their development. The scope of micro- financing is taking the social commitment and group trust as collateral and supplying small loans. The social uplifting of the society is mandatory to maintain this trust as collateral. The present study is to examine the empowerment of women beneficiaries of a microfinance scheme. A comparative analysis of the behavior of two groups- groups of beneficiaries and non beneficiaries of the same group is conducted. The study results show that micro financing scheme has good impact on the empowerment of women.

"The thing women have yet to learn is nobody gives you power. You just take it.” - Roseanne Barr