Women empowerment and microfinance in Sri Lanka: With special reference to Homagama divisional secretariat division
NMA Jayasinghe, SD Chathurani
Microfinance is a form of financial development. This study was conducted to find out and fill the gap which can empower women through microfinance including micro-credit. The study was based on primary data; 100 women entrepreneurs included microfinance applied and otherwise were selected simple random sampling method. The data was collected by employing semi-structured questionnaire through practice on household survey. The Women Empowerment Index (WEI) was created under the principle component analysis. The data have analyzed descriptive and statistically; stepwise multiple regression. Findings showed that significant relationship between microfinance and women empowerment. A positive impact between WEI and education level implies that every step in the process of enhancing education qualifications will lead to women empowerment. The results reveals that the markets available for products of micro enterprises can positively contribute to empower the women. Similarly, the research emphasizes the fact that there is no strong or significant link between WEI and age, marital status or occupational structure.