abstract

Around the world, women are disproportionately impacted by poverty and often do not have access to basic amenities like clean water, education, healthcare, and sanitation. Furthermore, women's labor is frequently underappreciated and unappreciated, which contributes to the persistence of economic inequality. Sadly, women also experience different types of violence, which makes their precarious social status much worse. In order to guarantee that women have equal access to resources, opportunities, and protection from violence, it is imperative that gender inequities be addressed. For a number of reasons, microfinance programs have mostly concentrated on empowering women. Particularly in male-dominated countries where their roles are typically limited to home duties, women frequently encounter major obstacles when trying to obtain loans in order to start micro or small businesses. Through a variety of means, microfinance is largely acknowledged to play a vital role in India's rural transformation. Previously barred from the official banking system, it has effectively mobilized tiny savings at a reduced cost from rural poor people with low levels of education. Additionally, it has given low-income families access to microcredit without requiring security, allowing them to investigate new sources of income and get through temporary financial difficulties. As a result, the rural poor's ability to sustain their livelihoods has improved due to loan accessibility. Above all, microfinance has helped the ultra-poor meet their basic needs and protect themselves from threats to their livelihoods.