Microfinance is a crucial practise that provides modest, no-collateral loans or other forms of financial support to persons who are underserved, mostly to help such regions flourish without having access to credit. Savings, credits, insurance, remittances, loans, housing, and money are all part of microfinance services. These services give women access to a range of activities that are quite effective in reducing their patriarchal control over those assets. Thus, it promotes gender equality as well as economic advancement. By boosting their bravery and self-esteem and enabling the creation of various networks with other women in their community, microfinance is an important tool for empowering women. Additionally, it enhances their capacity to make decisions for their home.