The purpose of this research was to examine the effects of microfinancing in Saudi Arabia. One hundred participants were polled to gauge the general public's knowledge about microfinance. In addition, the information was culled from secondary sources, which included various books, periodicals, newspapers, and electronic books. The results show that the notion of microfinancing was foreign to the respondents. In addition to helping out entrepreneurs and unfortunate individuals, microfinancing was also in line with Islamic Shariah law. Furthermore, the majority of respondents remained neutral or gave inappropriate answers, suggesting they were unfamiliar with microfinancing and its concept. There have been several suggested financial programmes, some of which have been successful and others which have been unsuccessful. The importance of solid individual society empowerment and firm maintenance cannot be overstated. People were encouraged to strive for the betterment of society and themselves through the microfinancing concept.