This paper assesses the inter-generational impacts of women’s participation in micro-credit programmes and the transmission mechanisms through which children’s wellbeing is affected by different dimensions of women’s empowerment. The over-arching question is to what extent are these linkages due to ripple effects and to what extent the result of deliberate policy intentions to tackle childhood poverty. These questions are important as international development experience has shown that reduction in aggregate poverty levels does not automatically translate into diminished poverty for children.