IJEBM Volume. 2, Issue 2 (2026)

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Contributor(s)

Abdikafar Khalif Ahmed & Jude Bassey
 

Keywords

Keywords: Microfinance services Women empowerment Financial education Microloans Somalia
 

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Microfinance Services and Women Empowerment in Mogadishu, Somalia

Abstract: The study examined the effect of microfinance services on women’s empowerment in Mogadishu, Somalia. The research focused on three key services provided by microfinance institutions: financial education, microloans, and insurance products. The research was based on the Capability Approach Theory and was a descriptive cross-sectional in design that utilized both quantitative and qualitative methods. One hundred and seventy two women entrepreneurs involved in micro-finance schemes in Mogadishu participated in the study.Data was analyzed both quantitatively – using Pearson correlation and regression analysis and qualitatively – through thematic analysis. The results showed that financial education (r = 0.208), microloans (r = 0.260), and insurance products (r = 0.264) were positively and significantly correlated with women’s empowerment. These results indicate that access to financial education, credit services, and financial protection could enhance economic independence of women and their involvement in entrepreneurial activities. The research concludes after stating the significance of microfinance services in empowering women in Mogadishu, and recommends that financial literacy programmes be extended to cover a wider audience, that access to loan services be made more flexible and that availability of cost effective micro-insurance products for women entrepreneurs be promoted.
 
 
 

International Journal of Economics and Business Management (IJEBM)- ISSN: 3079-4218, 2026