Socioeconomic Development on Poverty Alleviation of Women Entrepreneurship
DOI:
https://doi.org/10.26668/businessreview/2021.v6i1.283Keywords:
Women entrepreneurship, poverty allevaition, microfinance, entrepreneurial, socioeconomicAbstract
Purpose: In many developing and affluent countries, poverty alleviation has been the prime goal of promoting socioeconomic status. The Government's attempt to curb poverty includes promoting monetary-generation projects, providing facilities to raise the standard of living, and executing the programs to teach positive values for these underprivileged. The research seeks to uncover decisive aspects of socioeconomic improvement of poverty alleviation in women entrepreneurship
Methodology: Data of 300 women entrepreneurs from three different states in Malaysia participated in the study. We have analyzed the research data through PLS-SEM to examine the formulated hypotheses.
Findings: It indicates microfinance was the strongest predictor of poverty alleviation in Malaysia. Entrepreneurial and personality factors are next on the list. Conversely, the environment and culture had little impact on impoverishment
Research Implications: The importance acceptance of the microfinance program is the primary catalyst in creating new employment. It also provides a source of earning to improve the underprivilege’s social and economic well-being and eradicate poverty.
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