*2.1. Microfinance and Women*

Business with opportunity-driven strategies in low-income countries satisfies basic needs and enhance the welfare of the poor (Schwarz et al. 2015). Gender orientation contrasts in microfinance are particularly critical because women have a crucial impact on money-related progressions, especially in the turn of advancements. Women are granted lower importance than men because of their educational levels, discrimination, etc. Women in microfinance promote and strengthen the International Labor Organizations (ILOs) which has a decent work agenda. MFIs are established in urban/rural areas, where the women borrowing rate is increasing in annual periods (from the cross-country data). In the rural areas, the increase in small enterprises by women allows to mitigate patriarchal practices and make women empowerment grow in significant proportions. Trust is the main concern that the financial institution believes, and MFIs assist with entrepreneurial training skills to women in some regions and provide confidence in the establishment of small-scale industries in rural areas with low-interest rates (Hadi and Kamaluddin 2015). There is a 54.6% increase in active women borrowers since 2009, which increased the financial inclusion in microfinance. The combination of microfinance and social assert, brings norms, trust, and networks to connect people and coordinate with their actions. The average borrowing rate of female borrowers and only 16 countries have at least 50% and 9 countries have 70% access in rural areas, the average rate is much increased from the year 2008. MFIs grant capital with low-interest rates for entrepreneurial enterprises, especially female borrowers are better with loan repayment, and analytically the financial outreach is significantly high (Aggarwal et al. 2015; Belwal et al. 2012; Ul-Hameed et al. 2018). Indeed, we chose "women borrower" as a significant indicator for determining the social efficiency for regions in Asia, Africa, Latin America, and the Caribbean, where women's participation plays a decisive role in the analysis. From the religious point of view women are playing a more valuable role than in traditional institutions.
