Impact of using RoSCA on Women Empowerment (with reference to Delhi NCR)

Over decades microfinance is a popular source for women empowerment and researchers have proved the positive impact for the same. Now, the reach of microfinance is not only limited to rural poor but has also reached the urban residents as well. There are different financing options like formal and informal. This paper is about the Empowerment of Urban Women using an informal credit system that is the Rotating Savings and Credit Association (RoSCA)This model of RoSCA is widely accepted in Islamic countries and also getting very popular in other nations as well. The variables like usage of amount saved using RoSCA, financial confidence, their experience after participating in RoSCA, their personal meets with other members, their feel of empowerment are being studied on the members of RoSCA. A theoretical framework is constructed with the help of data that categorize the purchasing preference of RoSCA members. The data is collected from women participants of RoSCA. The study employed questionnaire and worked with the total sample of 200 Women members.