In recent times, the emergence of female-owned small businesses around the world have exceeded its record of the past, this is largely dependent on the fact that each day, women develop unique ideas and business strategies towards improving their lives and participating in the global economic development. Research has shown that female-owned small and medium-sized enterprises (SMEs) make up to 30 percent to 37 percent of all SMEs (8 million to 10 million women-owned firms) in the emerging markets. This result does not exclude the rural women in developing countries. However, these women and their businesses are faced with a general challenge which has to do with finance. Due to several issues ranging from collateral, trust, and so on, women entrepreneurs face difficulties in obtaining bank credit compared to men. This limitation has crippled the general access to finance majorly for the women entrepreneurs in rural areas. In India, several…