“Micro Finance is the provision of financial services, primarily savings and credit, to poor households that do not have access to formal financial institutions.”
- McGuire & Conroy
It is well known that in the development paradigm, micro finance has become an integral part as a need based policy and program to cater to the so far neglected target groups (women, poor, rural deprival etc.) Micro Finance is a participative model that can address the needs of the poor especially women members. It envisages the empowerment of the members by promoting their saving habits and extending loans to them. When women become economically self-reliant and contribute directly to the wellbeing of their families, they play a more active role in the decision making and are able to confront systematic gender inequalities.