Month: September 2020

LMFPA received several complaints from member MFIs operating in Batticaloa district that the District Secretary of Batticaloa stated that all microfinance activities undertaken by NGOs in the district are to be banned with immediate effect. LMFPA has 5 NGO member organizations serving low income households in Batticaloa. Even an MFI licensed by the Central Bank...

  The Sri Lankan economy benefits tremendously from its Microfinance sector which fulfills the financial needs of the country’s low income segments in a secure and convenient manner. Amongst many evidence available such as various research findings, thousands of successful entrepreneurs emerging and growing through microfinance, the figure bellow exhibits how the poverty level of...