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

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Vavuniya district Microfinance Overview Table 72 Vavuniya 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 2 20,785 9,890,000 14,673 52,601,000 DRC 65 70,000 175 2,452,781 FORUT 16 2,019 3,226,764 514 3,232,496 Local NGOs 5 2,681 5,825,580 147 1,524,566 Oxfam 8 - - 225 1,195,000 SAP 1,625 273,000 52 1,300,000 TCCSs 88 - - 185 3,213,000 Total 27,175 19,285,344 15,971 65,518,843 According to the Government Agent, the total population of Vavuniya is 126,000. Loans According to the survey, there were 15,971 loans taken in the district during the year 2000. The total value of loans disbursed for the same period is SLR 65,518,843. Excluding NGOs, this equates to an average sum of SLR 4,044.13 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 7.89 people or SLR 519.99 per person in the district for the year 2000. Savings Total savings in 2000 amount to SLR 19,285,344. A total number of 27,175 savings accounts were identified. Excluding TCCS and Oxfam (for whom individual savings figures are not available or do not apply), and local NGOs, an average of SLR 549.51 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 153.06 per person in the district or savings account per 4.64 people.
Local NGOs 5 NGOs were identified in the survey. A total of 262 S&C groups and 5,194 members were recorded. Loans A total number of 212 loans were issued in the year 2000. A total sum of SLR 4,832,550 was disbursed for the same period. Of the 3 NGOs who provided complete loans information, an average of SLR 7,191.27 per loan can be calculated. Interest on loans ranges between 8% and 24%. The Rural Development Foundation charge 8% flat and SEED charge 24% flat. Savings A total number of 2,535 savings accounts existed by the end of the year 2000. A total sum of SLR 5,604,761 was saved. Of the 3 NGOs who gave complete information on savings, an average of SLR 2,210.95 per savings account can be calculated. Interest on savings ranges between 8% and 17%. District Notes 1 of the NGOs identified is actually a federation. In the year 2000 it issued 16 loans with a total value of SLR 3, 328, 000 at an average of SLR 208,000 per loan. DRC fund SEED and the Rural Development Foundation in Vavuniya. In recent years DRC have funded a total of SLR 20,400,000 to these 2 NGOs. Oxfam’s Sustainable Livelihoods Development Project works in 8 villages throughout the district with over 400 families. In addition, Oxfam have recently started working in one of the welfare centres. UNDP are currently in the process of developing an innovative new model of microfinance intervention linked to SANASA and village based Apex organisation. Please see the UNDP ‘profile’ in Part A of this report for more details. Sewa Lanka operate at least 86 ‘Sewa Societies’ in Vavuniya. Adequate information on savings and loan activities was not forthcoming. However, it is known that Sewa Lanka have received funding from UNHCR and that in the Sewa Societies current savings amount to approximately SLR 3,000,000 and loan funds are approximately SLR 8,400,000.
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National Microfinance Study of Sri
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(b) Lenders .......................
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Introduction into the pawning busin
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Microfinance Overview .............
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Savings ...........................
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List of Tables Table 1 Microfinance
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Table 70 Ratnapura District Microfi
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JBIC MFI MFN MIS MPCS MSME NCPPDP N
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Figure 1 Map of per Capita Value of
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Figure 3 Map of per Capita Value of
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Executive Summary This report provi
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Practitioner Microfinance Activity
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As a result the banks are moving aw
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The operating conditions of the con
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Donor Strategies There should be a
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Introduction to the Study The objec
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The survey does not claim to repres
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Introduction Socio-Economic Overvie
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These five years saw a spate of new
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The 'Economic Stream' Employment is
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Microfinance Clients and Beneficiar
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1. Funders of Microfinance in Sri L
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CIDA believes that microfinance act
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The Department For International De
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NOVIB Partnerships tend to be long
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HIVOS The HIVOS Desk concentrates o
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Over time SIDA noted that the loan
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Comment freely given from one of th
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the time period of the project, wit
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Only a very small part of the US 50
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The demand for loans from this fund
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Without permanent access to institu
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This broad strategy means that the
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Beneficiary targeting was generally
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The FCSs were developed the followi
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CARE's new strategy commits the org
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Each CBO determines the level of in
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The project’s overall approach re
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Figure 6 GTZ/JRP - Project Interact
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The Social Development Foundation F
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There are no sector-based quotas ap
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Over the past five years SCN has as
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UNDP in the North & East - The Jaff
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In December 2001 a new UNDP Program
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From previous experience and lesson
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World Vision Lanka WVL believes tha
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Membership Development 3500 3000 25
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Table 14 World Vision - Gramashakth
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ZOA works with community groups in
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At the village society and bank lev
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In Wayamba the sustainability of th
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Table 15 Badulla IRDP - Summary Dat
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DZPDP/WHRDA credit operations comme
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In the initial years they did not f
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Table 18 SPRDP- Loans 1993 to 1999
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(c)Lender-Practitioners The Central
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Society members have access to cred
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The RDBs were re-structured in 1998
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Table 25 Value of Loans Disbursed b
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The total savings and credit issued
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Table 29 Samurdhi - Loans by Distri
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In 1998 SEEDS converted to a separa
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Within the loans from SEEDS funds t
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The Arthacharya Foundation practice
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The program was assisted by some li
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However in general the majority of
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Table 33 Growth of MPCS CRBs -1990
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As at the end of December, 2000 a s
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Some 1,176 of the 1,476 Co-operativ
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A total of 74 NGOs were identified
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Finally only a small proportion of
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Table 38 TCCS Active Societies and
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District Unions - National Federati
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4. Facilitators a) National Level F
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International Centre for the Traini
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Funder-Practitioner Microfinance Ac
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As practitioner experience increase
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Introduction and Approach The major
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State-Owned Banks The Bank of Ceylo
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Starting in 1994, the NCRCS is aime
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The Seylan Bank The Seylan Bank ent
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Figure 9 Linking of the RBIP Tools
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People's Fast reduces loan processi
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In addition, RBIP monitors the impl
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The Hatton National Bank Case Study
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Seylan Bank Case Study The Seylan B
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Until 1961 private pawnbrokers were
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Bank officials stated that PSC staf
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The urban PSCs have on average more
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The lack of flexibility has induced
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From the borrowers perspective not
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The Peoples Bank, on the other hand
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Introduction and Approach Internati
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Displaced populations are dependent
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Large tracts of land have become to
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Public markets, shops, guest houses
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The previous thriving local economy
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The Wanni Access to the area known
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Remembering that these intervention
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This type of situation is seen thro
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People IDPs in welfare centres, sho
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World Vision has been working in al
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small entrepreneurs have received t
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The exception to this is a governme
Page 210 and 211: There has been some continued acces
Page 212 and 213: Introduction and Approach A distric
Page 214 and 215: The MPCSs were equally disrupted an
Page 216 and 217: The main body of the survey is pres
Page 218 and 219: Local NGOs 11 NGOs were identified
Page 220 and 221: Local NGOs 1 NGO was identified in
Page 222 and 223: Local NGOs 1 NGO was identified in
Page 224 and 225: Local NGOs 2 NGOs were identified i
Page 226 and 227: Local NGOs No NGOs were identified
Page 228 and 229: Gampaha District Microfinance Overv
Page 230 and 231: Hambantota District Microfinance Ov
Page 232 and 233: Jaffna District Microfinance Overvi
Page 234 and 235: Staring in 1998 each DS received SL
Page 244 and 245: Matale District Microfinance Overvi
Page 246 and 247: Matara District Microfinance Overvi
Page 248 and 249: Moneragala District Microfinance Ov
Page 250 and 251: Nuwara Eliya District Microfinance
Page 252 and 253: Polonnaruwa District Microfinance O
Page 254 and 255: Puttalam District Microfinance Over
Page 256 and 257: Ratnapura District Microfinance Ove
Page 258 and 259: Trincomalee District Microfinance O
Page 262 and 263: The Wanni Area Microfinance Overvie
Page 264 and 265: Summary Microfinance Activity by Ac
Page 266 and 267: The NGO questionnaire survey identi
Page 268 and 269: World Vision Lanka works in 5 distr
Page 270 and 271: Given that these figures do not inc
Page 272 and 273: Overall, 13 of districts had levels
Page 274 and 275: Averages Value of Loans Table 78 Av
Page 276 and 277: Volume and Number of Loans The surv
Page 278 and 279: Findings The key and main findings
Page 280 and 281: Service Providers The service provi
Page 282 and 283: those incapacitated by conflict, wi
Page 284 and 285: Cultures of Dependency in Microfina
Page 286 and 287: Strategic Recommendations The key s
Page 288 and 289: Conclusion The study found that the
Page 290 and 291: Charitoneko, S. and D de Silva (200
Page 292 and 293: Remenyi, J (1991). Where Credit is
Page 294: Technical Appendix
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