Microfinance interventions have been implemented in various rural communities to address income generation and food security challenges. A mixed-methods approach was employed, including surveys for quantitative data collection and focus group discussions for qualitative insights. Data were analysed using descriptive statistics and thematic analysis. There is a significant positive correlation (p < 0.05) between microfinance participation and income generation, with an average increase of $120 per household in the first year following intervention. Food access improved by 30% among beneficiaries. Microfinance interventions have shown promising effects on both income generation and food security in rural Ethiopian villages. Further longitudinal studies are recommended to assess long-term impacts, while policy makers should consider scaling up microfinance programmes with complementary support mechanisms. microfinance, income generation, food access, rural Ethiopia, mixed-methods Treatment effect was estimated with $\text{logit}(p_i)=\beta_0+\beta^\top X_i$, and uncertainty reported using confidence-interval based inference.