Reviewing the socioeconomic status of women collective groups
DOI:
https://doi.org/10.64252/heg6j343Keywords:
Women empowerment, Women entrepreneurs, Self-help groups, Women-only cooperatives, Farmer Producers organization, and social-economic status andAbstract
This systematic literature review explores the socioeconomic Development of women collective members, which is crucial for fostering empowerment and sustainable growth. Self-help groups (SHGs) play a significant role in enhancing women's financial inclusion and economic Independence. These platforms give women access to financial resources, enabling them to start and grow their businesses, thus contributing to their empowerment. The review synthesizes recent studies (2008-2024) that highlight the theoretical framework such as Socioeconomic development theory, Amartya Sen's capability theory and Human Development Paradigm, Sustainable livelihoods framework, capabilities Approach and Gender and Development framework, Collective action theory, Cooperative Theory, Social Cognitive Theory, Gender and Entrepreneurship, Organizational learning theory, Resource-Based view, Empowerment theory and Market-Access Theory. Findings reveal that collective entrepreneurship models, particularly in rural areas, promote economic Development and social upliftment by enhancing human capabilities at various levels: individual, family and community. These models encourage collaboration among women, leading to shared learning and increased economic opportunities. The review identifies critical research gaps, including the need for more regional studies, longitudinal analysis, and a deeper exploration of policy responses focused on equality and socioeconomic Development of women in rural areas. Future resources should also consider women collectives' potential role in supporting sustainable development goals, though current literature has not explicitly addressed this.