Financial Inclusion

Financial Inclusion Research in Sri Lanka

Impact of Financial inclusion agenda through Micro Finance

Microfinance industry has faced an exponential growth within developing regions over the last two decades. Sri Lanka has jumped on the microfinance bandwagon just like its South Asian counterparts. MFI’s elusive focus was to provide affordable financial services to the poor, low-income households. As a result, microfinance has been firmly established as one of the main contributors towards achieving Financial Inclusion. Microfinance interest rates are high in Sri Lanka mostly ranging from 20% to 72%. This is due to the high risks involved and high transaction costs. MFI’s customers are mostly rural dwellers residing in geographically dispersed areas with a sparse population is one of the leading causes of high transaction costs.  It was seen that majority of the microfinance agents/officers followed time consuming, costly and manual practices. Such as manually filling the forms, conducts regular weekly meeting to collect repayments and visits the head office to update information and handover the repayments collected. Our research aims to achieve following objectives 

  • Understanding ICT’s Role in Microfinance to Improve Financial Inclusion in Northern Sri Lanka
  • Understanding Microfinance’s role to achieve financial inclusion within the Northern Province, Sri Lanka.
  • Understanding micro finance practices employed by MFI’s in the context of gender and issues face by woman  

Documents 

Understanding ICT’s Role in Microfinance to Improve Financial Inclusion in Northern Sri Lanka

Paper | Presentation | Policy Brief 

Conference Presentation: CPR South 2017 , Yangon, Myanmar.  Guganeshan, Mithula and Perampalam, Suthaharan, (September 27, 2017). Available at SSRN: https://ssrn.com/abstract=3043721or http://dx.doi.org/10.2139/ssrn.3043721

How micro-finance influencing inequality among woman borrowers at BoP : evidence from Sri Lanka

Accepted paper : DSA2017: Sustainability Interrogated: Societies, Growth, and Social Justice, Guganeshan, Mithula and Perampalam, Suthaharan

Articles /Publication 

What’s Ailing Sri Lanka’s Microfinance Industry – And Could Fintech Provide a Solution?

Article written by Mithula Guganeshan & Suthaharan Perampalam to Nextbillion.net on 09th February 2018

Does easy access to credit influence violence against women?

Article written by Mithula Guganeshan to DailyFT on 28th  December 2016

Easy Access To Credit Triggers Violence Against Women In Sri Lanka

Article written by Mithula Guganeshan to Colombo Telegraph on 09th  May 2017

Rise of Financial Institutions & Northern Province Debt Trap

Article written by Mithula Guganeshan to Colombo Telegraph on 31st July 2015

வடக்கில் பெருகும் வங்கிகளால் கடன் சுமை

Article written by Suthaharan Perampalam to Tamilwin on 03rd December 2015

வடக்கில் கடனை மீள செலுத்த மீண்டும் கடன் !! 25,000/- க்கு 40,000/- செலுத்த வேண்டும்!!

Article written by Suthaharan Perampalam to Tamilwin on 06th November 2016