Influence of Microfinance on Women Entrepreneurship: The mediating role of Women Economic Security and moderating role of Previous Work Experience
- Suresh Chandra Akula , Mittal School of Business, Lovely Professional University, G.T. Road, Phagwara, Punjab144411, India
- Pritpal Singh , Mittal School of Business, Lovely Professional University, G.T. Road, Phagwara, Punjab144411, India
Microfinance, microcredit, women's economic security, previous work experience, women entrepreneurship, Telangana state India ,
This study aims to examine the role of microfinance in women-led businesses. Additionally, to accomplish the study's purpose, the study examines the mediating effect of women's economic security and the moderating function of previous job experience. We employed quantitative research and a cross-sectional design. Additionally, a questionnaire survey is used to collect data. The study's population is microfinance institutions in the Indian state of Telangana, and the respondents are women consumers of these institutions who engage in entrepreneurial activities. The data analysis included 346 replies. Partial Least Squares-Structural Equation Modeling (PLS-SEM) is utilized in data analysis. The study's findings indicated that microfinance has a beneficial effect on promoting women's entrepreneurship. Microfinance has the potential to increase women's economic security, which will ultimately result in increased female entrepreneurship. Additionally, prior work experience contributes to the beneficial association between female economic security and female entrepreneurship.