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This study examined the role of Microfinance Institution on women socio-economic empowerment in Moshi Municipality, Kilimanjaro Region, Tanzania. Specifically, the study determined, factors influencing women access to BRAC microfinance services, the influence of BRAC microfinance loans on women economic activities and property ownership capabilities among women through BRAC microfinance services. The study used a cross-sectional research design to collect information from 190 women. The findings revealed that loan disbursed to women by microfinance institutions lead to business growth and socio-economic development. Women who access BRAC microfinance loans own more properties than those without access. It was concluded that, all women who receive loans to improve their economic status are able to improve business capital, savings’ ability and business investment thus contributing to business growth. Further, majority of women who receive loans are able to increase their asset stock. The study recommends that education should be provided to women on the importance of effective loans repayment and the financial institutions should accept personal assets to be used as collateral during loans acquisition. Also, BRAC microfinance in collaboration with the local government authorities should increase funds for enabling more women and at the same time, microfinance institutions should regulate their borrowing conditions to make them user friendly.