Microcredit models have been implemented in various countries to support female-owned businesses, aiming to improve economic empowerment and social inclusion. The research employed a mixed-methods approach including surveys, interviews, and case studies to evaluate the effectiveness of microcredit programmes for female entrepreneurs. A notable theme emerged regarding the enhancement of business sustainability through improved access to finance and training opportunities provided by these models. Microcredit models have demonstrated significant positive impacts on female-owned businesses in Lagos, including increased profitability and job creation. Further research should explore longer-term effects and scalability of microcredit programmes for broader impact.