The study intends to assess the impact of the participation in the microcredit programs in Bangladesh on women entrepreneurship development at the household level. The main objective is to see whether the participation in the microcredit programs help participating women to start their own businesses and to create employment for other people. The analysis is based on a household-level survey of 920 (N=920) households. The sample households have been selected randomly from the participants of top three microfinance instructions, Grameen Bank, BRAC and ASA, in Bangladesh. The results indicate that the participation in the microcredit programs does not promote women entrepreneurship at the household level. But, the results indicate that the same participation significantly increases capital of existing businesses of participating households.