Paper
Microfinance Industry Report: Sri Lanka
Profiling the microfinance industry in Sri Lanka
Download
48 pages
This report presents an analysis of the microfinance industry in Sri Lanka, and gives a brief overview of the country’s financial sector.
The report discusses microfinance providers, access to financial services, meso-level support, government policy, and donor support in Sri Lanka. It states that the sector features:
- Diverse range of players including co-operative rural banks, thrift and credit co-operative societies, Samurdhi Bank Societies, NGOs and licensed specialized banks;
- Major disparities at various socioeconomic levels although a survey of approximately 3000 Sri Lankan households reveals that 82.5% of households have obtained financial services from institutions;
- Limited meso–level infrastructure and use of information technology in the microfinance sector;
- No national policy for the microfinance sector, but the Mahinda Chintana 10–year development framework mentions strategies for development of SME sector;
- Post-tsunami funding, support from multi-lateral and bi-lateral agencies such as ADB, JICA and GTZ.
The report identifies the strengths of the country’s microfinance sector, and highlights challenges facing the sector at micro, meso and macro levels.
About this Publication
Published
