The effect of microfinance factors on women entrepreneur’s performance in Batticaloa District special reference to SEEDS (GTE) Ltd

Abstract

Women play a crucial role in the economic development of their families and communities but certain obstacles such as poverty, unemployment, low household income and societal discriminations mostly in developing countries have hindered their effective performance of that role. The objective of this study is to examine the effect of microfinance on women entrepreneurs’ socio economic performance in Batticaloa. The results indicate that the microfinance factors positively and moderately affect the women entrepreneurs’ socio economic performance. The economic benefits of microfinance on women entrepreneurs have potential effect on the economic development. In terms of development and social impact, the microfinance factors allow significant improvement in quality of life on women entrepreneurs in Batticaloa District. Microfinance factors allows the poor people to better manage spending, which often generates saving ,and this provides better standards of living to their family, and dependents in terms of housing nutrition, health and education. New Micro finance system promotes a sense of entrepreneurship among women.