Introduction: The concept of microfinance, since its inception in the 1970s from the Grameen Bank model, has emerged as one of the key aspects in nurturing financial inclusion. Microfinance empowers low-income households to tackle deprivation by providing financial services and micro-credit that aids in income generation, improve livelihood and enable community integration. The microfinance industry typically caters to segments of rural and marginalised groups-especially women - and small and micro industries, with a vision to encourage self-reliance among them. At a global level, as of 2018, women accounted for 80% of the microfinance industry's total client base of more than 140 million borrowers
