Microfinance Schemes and Women's Empowerment in Rural Gambia: Institutional Frameworks and Financial Outcomes Analysis

Microfinance schemes have been implemented in rural communities across Africa to promote economic empowerment. In Gambia, these initiatives often intersect with existing gender dynamics and institutional frameworks. The research employs a comparative analysis of data from three randomly selected villages, each implementing different microfinance programmes. Quantitative methods are used for data collection and analysis. Women participating in microfinance schemes reported an average increase of 30% in household income compared to non-participants, highlighting the scheme's effectiveness in enhancing economic conditions. The findings suggest that tailored institutional frameworks within microfinance programmes are crucial for maximising empowerment outcomes among women in rural Gambia. Policy makers should consider integrating gender-sensitive design elements into microfinance schemes to better support women's financial autonomy and economic development.