Many developing countries turn to women groups as a way to empower women of similar socioeconomic backgrounds. In this regard, this research was conducted to study the relationship between the level of participation, leadership, social capital, personal psychology and economic empowerment among members of women smallholder groups. A total of 433 members of women smallholder groups involved in economic development activities were selected from four Peninsular Malaysia states covering four

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... : south, east, west, and north. Through utilizing questionnaires, the results of this analysis were obtained and analysed with the Pearson Product Moment Correlation -SPSS. The findings show that these four independent variables are related moderately and highly to economic empowerment. Based on the study findings, it is possible to improve the economic empowerment of women smallholder groups by paying attention to those four variables.