Women are both the target and the “agency” for the microfinance interbentions; yet, curiously, most research on microfinance focuses on the household-level impact, and not on the well-being of the women themselves within the household. This book is an important contribution to fill this gap. Rich in both analytical rigour and the quality of empirical evidence, the book ingeniously applies Amertya Sen’s capabilities approach, as well as the bargaining model of intra-household behaviour, to explore the microfinance impact on female well-being and empowerment. The impact is happily found to be a positive one, albeit within the cultural boundaries of a tradition-bound patriarchal society.