EMPOWERING FINANCES: A COMPREHENSIVE ANALYSIS OF MICROFINANCE PERFORMANCE WITHIN SELF-HELP GROUPS

Abstract

This study, titled "Empowering Finances: A Comprehensive Analysis of Microfinance Performance within Self-Help Groups," aims to investigate the multifaceted dynamics of microfinance initiatives within self-help groups (SHGs). Utilizing a comprehensive approach, the research employs ANOVA (Analysis of Variance) to discern the impact of various factors on the performance of microfinance programs. The study focuses on assessing key financial metrics, including loan repayment rates, interest rates, and overall financial sustainability within SHGs. By incorporating ANOVA, the research aims to identify significant variations in microfinance performance across different demographic variables, such as age, educational background, and occupation. This analytical framework will contribute to a nuanced understanding of the factors influencing the success of microfinance within SHGs, offering insights that can inform policy decisions and enhance the efficacy of financial inclusion strategies at the grassroots level