Abstract:
Women have benefited greatly from financial support from a
variety of sources, including MFIs, in their active participation
and involvement in the expansion of the economy and the
creation of employment possibilities in the small and medium
firm sector. The prosperity of society is largely attributed to
Women Small and Medium Enterprises (SMEs) development,
which is also linked to economic growth and development,
bettering living conditions, generating new employment
opportunities, and technical advancement. This study sought
to establish the Influence of Microfinance products on womenowned
SMEs development in Mashonaland west province of
Zimbabwe. A pragmatist paradigm research philosophy was
adopted. A mixed research approach was used. A cross
sectional survey research design a self-constructed structured
questionnaire and an interview guide was used to collect data.
The study targeted women SMEs who have been receiving
Microfinance services in Mashonaland West Province of
Zimbabwe. Three hundred and seventy seven women SMEs
were exposed to the questionnaire and 30 were exposed to
interviews. The study found out that the women SMEs are
aware of the Microfinance products and services and are using
some of the products. It was also found that there is a positive
relationship between Microfinance products and womenowned
SMEs development.
