Subject: Business research methodology

Topic : Impact of microfinance on under priviledge women .

Professor: Dr. Chitra mam
Written by : Hitesh sethiya - A 61
Janki singh - A 72

1. ABSTRACT :

2. INTRODUCTION :
In present economic system of India, women-centric microfinance institutions can
play a vital role in enabling women to realize their strengths by leveraging the
power of aggregation. Access to credit is a key factor in empowering women. The
latent credit demand of an emerging India will allow microfinance companies to
fill the gap, especially where traditional banks have been wary to serve.With social
vision to reach out underprivileged women who are unbanked with economic
opportunities, Fusion Microfinance Private Limited offers wide-range of financial
products and services to transform the lives of women who belong to the rural and
semi urban areas. The foundation stone of the organization was laid with a vision
to make a social impact through financial inclusion and woman empowerment.
Distinctive Services for Nourishing Financial Needs Fusion is a Microfinance
institution registered as a NBFC-MFI (Non-Deposit Taking) with Reserve Bank of
India. The company operates on the time tested Grameen Joint Liability Group
(JLG) model offering financial products and services for women. Income
generation loans are provided to economically active women who want to either
start a new business or to scale up their existing business. To provide a risk cover,
life insurance is provided to both the client and her spouse.
An Ingenious Leader of Fusion Microfinance With over sixteen years of rich
service sector experience, Devesh Sachdev is the Founder and CEO of Fusion
Microfinance. He has completed his post-graduation from XLRI. On account of his
strategic vision, Fusion is among top 10 leading Microfinance Institutions in India.
Devesh successfully completed ‘The Strategic Leadership Program’ from the
Harvard Business School in the year 2015. He is on the board of MFIN, which is a
Self-Regulatory Organization for NBFC-MFIs in India. 
It is providing emergency loans to meet ad hoc needs of the customers and also
provides insurance cover to both the customer and her spouse. The company is
contributing in remolding the sectorial image by encouraging the women
entrepreneurs to participate in livelihood trainings and inculcate those learnings in
their day to day lives.
Need based livelihood trainings are also provided to the Clients from marginalized
communities which fuels their earning potential. It provides job prospects by
extending

3. Literature review:
Name of author : A Modi , K I Patel , Kundal M Patel at 2014 has written a paper
within an objective to obtain insights regarding factors empowering rural women
through microfinance services and which factors influences most and what extent.
For that, 205 respondents out of 248 questionnaires yielding a response rate of
82.66% residing in rural areas of North Gujarat Region, Gujarat state are
approached with structured questionnaire by following a non-probabilistic
convenience sampling technique. After computing the reliability of scales,
correlation and multiple regressions was used to test hypotheses through SPSS
version 16. The results indicate that four of the five factors (i.e. socio-economic
status up gradation, autonomy for life choices, women position in the
family/society and positive approach towards child development) have significant
impact on rural women empowerment.
The findings of the study are likely to be important to microfinance institutions,
govt. and NGOs in designing policy to empower rural women socially and
economically
4 .RESEARCH METHODOLOGY:
Research methodology is a way to systematically solve the problem. It is a game
for conducting research. In this we deserve various steps that are taken by the
researcher. “All progress is born of inquiry. Doubt is often better than
overconfidence, for it leads to inquiry and inquiry leads to invention”. Research in
a common parlance is a search for knowledge. Research is an art of scientific and
systematic investigation. Thus research comprises defining and redefining
problems, formulation hypothesis or suggested solutions, collecting, organizing
and evaluating data, making deductions and reaching conclusion. Research
methodology is the arrangement of condition for collecting and analysis of data in
a manner that aims to combine relevance to the research purpose with economy in
procedure. Research methodology is the conceptual structure within which
research is conducted. It constitutes the blueprint for the collection measurement
and analysis of the data.
Research methodology is a framework for the study and is used as a guide in
collecting and analyzing the data. It is a strategy specifying which approach will be
used for gathering analyzing the data. It also includes time and cost budget since
most studies are done under these two constraints. The research methodology
includes overall research design, the sampling procedure, the data collection
method and analysis procedure.
TYPES OF RESEARCH USED :
 Descriptive research : In the study descriptive research design has been
used. As descriptive research design is the description of state of affairs, as
it exists at present. In this type of research the researcher has no control
over the variables; he can only report what has happening .
Descriptive research designs are those design which are concerned with
describing the characteristics of particular individual or of the group.

 Method of data collection : After the research problem has been identified
and selected the next step is to gather the requisite data. While deciding
about the method of data collection to be used for the researcher should
keep in mind two types of data i.e primary and secondary.

5. FINDING AND DISCULSSION:

The research expressed his interest to conduct microfinance impact assessment
among vcf ltd women client and their path to economic development. It has been
recognized that vfc is doing an outstanding work to ensure transformation of lives
of poor Rwandan especially women who have been covering behind economically
due to political , social , and cultural barriers.
Credit agency Percentage of rural house holds
Government 6.1
Comparative societies 21.6
Commercial banks and RRBs 33.7
Insurance 0.3
Provision fund 0.7
Other institutional sources 1.6
All institutional agencies 64.0
Landlord 4.0
Agricultural money lenders 7.0
Professional money lenders 10.5
Relatives and friends 5.5
Other 9.0
All non institutional agencies 36.0
All agencies 100.0

6. CONCLUSION:
The aim of this research is to explore the contribution of microfinance on
underprivileged women and the circumstances under which microfinance can help
the poor women out of their poverty situation. Microfinance provides employment
to the poor women who have no other means of income. Women are highly
represented in self-employment and operating small income generating activities.
Through Fusion Microfinance company Ltd has proved to be a powerful
instrument toward women empowerment, enabling them to build assets, increase
incomes, and reduce the vulnerability to economic stress. All women who receive
a loan, gain access to additional resources and have succeeded in controlling their
loans and using them to generate independent incomes.
Targeting women continues to be important for Fusion Finance Company Ltd in
design of its products and services, mainly because women by default have less
access to credit and because they face constraints unique to their gender. Product
design and program planning should take women's needs and assets into account.
The results of this study states that microfinance has improved their economic
condition and enhanced their ability to contribute in their family's decision making.

7. LIMITATIONS:
 Intense competition from similar products, limited knowledge, production
and quality standards as well as low confidence and morale.
 Many women started their own business due to the adverse circumstance
such as loss of spouses, divorce or financial hardship .
 A risk averse mindset.
 Inadequate capital .
 Low level of motivational and courage .