Microfinance refers to low-cost financial funding, services and goods that are particularly beneficial for empowering women in Developing and Least Developed Countries (LDCs) like Bangladesh, India,Sri Lanka etc. The study's overarching goal was to investigate the current status of microfinance and its effectiveness in empowering women in rural community. The purpose was also to understand how effective microfinance was in empowering women and in reducing poverty level in the rural society and to understand the strengths and weaknesses of the microfinance. Both qualitative and quantitative research methodologies have been used in the study. Dhaka City and two Jashore Sadar villages in the Khulna division have been purposefully chosen as study areas. Microfinance Beneficiaries, NGO personnel, social experts, teachers, students, and the general people are all involved in the study. The outcomes of the study revealed that the majority of the respondents mentioned the high interest rate as a main problem for microfinance in Bangladesh. Although, most of the respondents also believe that micro financing is more poverty-friendly than the Mahajan(Landlord) loan oppression. The study also revealed that the negative attitude of people towards micro-finance is not a myth but a fact. Subsequently, the promising results of the study revealed that microfinance has been used in unfertile zones in rural community. Because of this, microfinance borrowers occasionally misplace their possessions and final remaining life-savings. However, individuals who make appropriate use of this chance might readily showcase their own businesses and entrepreneurial endeavors.

DOI : http://doi.org/10.71253/jsd-iswr.dec25.34.1.10

Authors : Md. Khalid Hasan

Keywords : Before and Aftermath, Microfinance, Women Empowerment, Rural Community.