National Microfinance Study of Sri Lanka: Survey of Practices and ...

Kandy District
Microfinance Overview
Table 60 Kandy District Microfinance Activity
Type of
Organisation
No of
Units
No. Of
Savings
A/Cs
Total
Savings
(SLR)
No. of
Loans
Loans
in 2000
(SLR)
CRBs 110 377,509 959,270,000 77,575 498,150,000
Local NGOs 10,701 5,619,928 1,289 11,049,500
RDBs 94,564 183,702,000 52,545 289,064,000
Samurdhi 90 143,970,000 18,055 142,686,000
SAP 520 88,310 10 250,000
SEEDS 160 39,085 38,668,115 5,833 27,206,504
TCCSs 258 111,798,014 5,208 80,748,524
Total 522,409 1,443,116,367 160,515 1,049,154,528
According to the 2001 Census, the total population of Kandy is 1,272,463.
Loans
According to the survey, there were 160,515 loans taken in the district during the
year 2000. The total value of loans disbursed for the same period is SLR
1,049,154,528. Excluding NGOs, this equates to an average sum of SLR 6,519.70
per loan.
In terms of population, the total number and volume of loans referred to in the
table above is the equivalent of one loan per 7.93 people or SLR 824.51 per
person in the district for the year 2000.
Savings
Total savings in 2000 amount to SLR 1,443,113,367. A total of 522,409 savings
accounts were identified. Excluding Samurdhi and TCCSs (for whom individual
savings figures are not available) and local NGOs, 511,678 savings accounts
totalling SLR 1,181,728,425 give an average of SLR 2,309.52 per individual
savings account.
In terms of population, the total amount of savings as of the close of the year
2000 is the equivalent of SLR 1,134.11 per person in the district or one savings
account per 2.44 people.