LBEF RESEARCH JOURNAL OF SCIENCE, TECHNOLOGY AND MANAGEMENT

Author(s):Sailesh Guvaju, Dolma Kumari Sherpa

Abstract:Rapid progress in the Microfinance sector now has turned into an empowerment movement among women across the country. Microfinance is necessary to overcome exploitation, create confidence for economic self-reliance of the rural poor, particularly among women. The present study was carried out to meet the objectives i.e. to analyze the contribution of women entrepreneurs to change the life style, to evaluate the socio-economic activities and to assess the effectiveness of microfinance on improving women’s living standard. The literatures related to the objectives are described briefly following Harvard style of citation and every literature are mention on tabular format. A primary data is collected from Nari Chetana Laghu Bitta micro finance, Durga Mandir microfinance, Nava Kantipur microfinances. Cronbach’s alpha is used to measure of consistency level of the questionnaire. After the questionnaire is found to be reliable, it is distributed to the 100 respondents. The quantitative analysis is conducted through Likert five scale questionnaire. Descriptive statistics model is used to analyze the research objectives. The results obtained shows the highest and the lowest mean between the variables. The correlation analysis is also used to express the positive and the negative correlation between the variables. The positive and the negative correlation is analyzed through the Changing lifestyle of women entrepreneur, Socio-economic activities and effectiveness of microfinance as independent variables and women empowerment as dependent variable. ANOVA test is analyzed through the dependent variable and the control variable i.e. comparison analysis between women empowerment by age, women empowerment by marital status, women empowerment by educational qualification. Hypothesis 1, Hypothesis 2 and Hypothesis 3 is proved through the ANOVA test. Multiple regression is analyzed through the independent variable and the dependent variables. The significance level between the predictor as dependent variable and the all independent variable is observed through the p-value. The R-square, F value and the p-value is described clearly. Similarly, Hypothesis 4, Hypothesis 5 and Hypothesis 6 are proved through multiple regression. Researcher concluded the research work mentioning the limitation of the research work and providing the recommendation for future researcher and for microfinance.

Keywords:Microfinance, women entrepreneurs, Cronbach’s alpha, Likert five scale, correlation analysis, ANOVA test, p-value, R-square, F value.