Category: News & Events

We are pleased to inform you that FINAP- Fintechnology Asia Pacific Lanka (Pvt) Ltd, won two coveted awards at National ICT Awards, NBQSA -2020, held on 3rd February 2021 at BMICH. Our champion product ECOru- the leading Core Banking & Finance Solution was crowned the Gold Award Winner of the Finance & Accounting Solutions (Fintech)...

Discussion with State Minister for Microfinance On 14th of December 2020, LMFPA had the opportunity of meeting with Mr. Shehan Semasinghe, State Minister of Samurdhi, Household Economy, Microfinance, Self Employment, Business Development & Underutilized State Resources Development in Colombo. Minister Semasinghe is the subject minister for Microfinance and he is the first-ever Minister appointed for...

“There are many institutions that provide microfinance services in a responsible manner, playing a significant role in the Sri Lankan economy. The government is not ready to neither disrupt this endeavor nor pressurize the majority because of a few players that bring disrepute to a valuable  industry due to their malpractices, however alternative action should...

The COVID-19 outbreak disturbed all segments of the Sri Lankan society economically, with its impact on the market system from producer to the customer. Severely affected were the self-employed rural entrepreneurs/producers operating in a highly competitive open business environment, and daily-waged workers. When the country’s rural economic activities became non-operative, people who acquired loans for...

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LMFPA holds Webinar for members on challenges and opportunities under new normal environment As a Capacity Building initiative for its members, the LMFPA organized a webinar titled 'Grabbing opportunities of new normal by small and medium enterprises’ on the 7th of December 2020. The webinar was conducted by a renowned National level SME trainer and...

We are pleased to inform you that the Lanka Microfinance Practitioners’ Association (LMFPA) is organizing a free Webinar on “Grabbing opportunities of new normal by small and medium enterprises” on Monday 07th December from 3pm to 5pm. The Webinar will be held in Sinhala. Senior Managers and Field Officers of MFIs are most welcome to register...

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...

The Lanka Microfinance Practitioners’ Association (LMFPA) held its 14th Annual General Meeting on the 21st of August 2020 in Colombo. During the AGM, the various activities of the Association for 2019/2020 were under review as well as the discussion of the current issues in the Sri Lankan microfinance industry and the actions that the association...