The function of financial literacy in enhancing women's decision-making via microfinance

Abstract

This research examines the pivotal financial literacy's contribution to improving women's Capabilities for deciding decisions through micro-finance programs. The study investigates how improved financial acumen acts as a trigger for women's economic empowerment, empowering people to make judicious financial choices and achieve greater autonomy in household and business management. Through comprehensive analysis of contemporary literature and empirical data, this paper demonstrates that financial literacy significantly amplifies the positive effects of micro-finance on women's empowerment outcomes.