Track: Entrepreneurship and Innovation

Abstract

Microfinance for decades it have been a pillar by fighting against poverty in the rural areas. Their programme finances the small businesses of the rural women who are participating in the program. Currently the challenge is most of women participating in these programmes do not have any operating businesses, while these women are good at paying the installments. Cooperation and coordination that these women have within the microfinance programme, when attending meetings and paying back installments can be used in cooperatives enterprises. This paper suggests that the microfinance institute works together with government to help these women start cooperative enterprises. The money that they loan from microfinance instead of being used for personal needs can be used to finance the cooperatives. This will empower these rural women; there will be creations of jobs and eradication of poverty within the rural areas.