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

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Table of Contents List of Tables ........................................................................................................ 11 List of Figures ...................................................................................................... 13 List of Abbreviations and Anacronyms ............................................................... 14 Executive Summary ............................................................................................. 21 1. The Microfinance Landscape in Sri Lanka .............................................. 21 Funders of Microfinance in Sri Lanka .......................................................... 21 Funder-Practitioners of Microfinance in Sri Lanka ...................................... 22 Practitioner Microfinance Activity in Sri Lanka .......................................... 23 2. The Commercial Banking Sector Microfinance in Sri Lanka ................ 24 3. Microfinance in the North and East Region of Sri Lanka ...................... 25 4. The Supply of Microfinance in Sri Lanka ................................................ 26 5. Key Findings ................................................................................................ 27 6. Recommendations ....................................................................................... 28 Donor Strategies............................................................................................ 29 GoSL Strategies ............................................................................................ 29 7. Conclusion ................................................................................................... 30 Introduction to the Study ..................................................................................... 31 Part A –An Actor Survey of Microfinance in Sri Lanka ................................... 34 Introduction ..................................................................................................... 35 Socio-Economic Overview ........................................................................... 35 Historical Overview of Microfinance in Sri Lanka ...................................... 36 Definition of Microfinance ........................................................................... 38 Loan Levels in Microfinance ........................................................................ 38 The 'Economic Stream' ................................................................................. 39 Microfinance Clients and Beneficiaries ........................................................ 41 Different Kinds of Microfinance Activity .................................................... 41 Different Types of Microfinance Actor ........................................................ 42 1. Funders of Microfinance in Sri Lanka...................................................... 43 (a) Granters ................................................................................................... 43 The Australian Agency for International Development ............................ 43 The Canadian International Development Agency ................................... 44 The Department For International Development ...................................... 47 NORAD .................................................................................................... 47 The Dutch Co-Financing Programme ....................................................... 48 NOVIB ...................................................................................................... 48 ICCO ......................................................................................................... 50 HIVOS ...................................................................................................... 51 The Swedish International Development Co-operation Agency .............. 52 Sri Lanka Community Development Fund ............................................... 53 The United Nations Children’s Fund ........................................................ 54 The United Nations High Commissioner for Refugees ............................ 55 The United States Agency for International Development ....................... 56 2
Page 1: National Microfinance Study of Sri
Page 5 and 6: Sewa Lanka ........................
Page 7 and 8: Introduction and Approach .........
Page 9 and 10: Savings ...........................
Page 11 and 12: Local NGO Activity ................
Page 13 and 14: Table 35 CRB Loans by Utilisation .
Page 15 and 16: List of Abbreviations and Anacronym
Page 17 and 18: TCCS UNDP UNHCR UNICEF USAID WB WOC
Page 19 and 20: Figure 2 Map of Number of Savings A
Page 21 and 22: Figure 4 Map of Number of Loans per
Page 23 and 24: Most international funding organisa
Page 25 and 26: The local NGO sector is diverse and
Page 27 and 28: The Government Agents and the LTTE
Page 29 and 30: The funding of microfinance activit
Page 31 and 32: It is important that future microfi
Page 33 and 34: Assessment of poverty levels in Sri
Page 35 and 36: Part A -An Actor Survey of Microfin
Page 37 and 38: The Sri Lankan Economy is presently
Page 39 and 40: The current laws do not permit NGO
Page 41 and 42: Figure 5 The Economic Stream - Mode
Page 43 and 44: Different Types of Microfinance Act
Page 45 and 46: Table 4 AusAID - ACAS Funding 2000-
Page 47 and 48: population that is building up asse
Page 49 and 50: The rural districts in the south ha
Page 51 and 52: ICCO The ICCO Desk in 2000 had iden
Page 53 and 54:
The Swedish International Developme
Page 55 and 56:
The development of 17 district NGO
Page 57 and 58:
The United States Agency for Intern
Page 59 and 60:
This credit programme became effect
Page 61 and 62:
The demand for loans at the current
Page 63 and 64:
The key difference between the NDTF
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The ADB believes that in general th
Page 67 and 68:
The evaluation report stated: “Th
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2. Funder-Practitioners of Microfin
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2. The Mullaitivu FCS Union is the
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Ten Thrift and Credit Co-operative
Page 75 and 76:
The mobilisation of human and local
Page 77 and 78:
Stage III Stage IV The CBOs link, a
Page 79 and 80:
Figure 7 GTZ/JRP - Project Model 78
Page 81 and 82:
The Non Performing Loan portfolio s
Page 83 and 84:
initiated by SCN is used as a refer
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As well as the savings given in the
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Overview of the Schemes for financi
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Table 13 UNDP Umbrella Project Micr
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Figure 8 UNDP Microfinance Scheme -
Page 93 and 94:
Proposals are accepted in the Engli
Page 95 and 96:
Therefore it was decided to introdu
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Interest Collection 500000 400000 3
Page 99 and 100:
(b) Granter-Practitioner National M
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The new Rural Economic Advancement
Page 103 and 104:
The participating banks were the Ba
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North Western Province Dry Zone Dev
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Table 16 IFAD Partner Agencies - Lo
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It is interesting to note the diffe
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Table 19 Loans By Age And Gender -
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District Table 20 SFLCP _Progress a
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It was envisaged that the Isuru Soc
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Table 24 Regional Development Banks
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3. Practitioners Microfinance pract
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The most astounding factor is the g
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With the breakdown in savings is Am
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In addition, it has initiated and s
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The village institutional developme
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Sewa Lanka Sewa Lanka works in Anur
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Table 32 CAP Programme - CBOs start
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Co-operative Rural Banks The CRB sy
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Districts Table 34 MPCS CRBs - Dist
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Table 35 CRB Loans by Utilisation P
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It is believed that the central gov
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The majority operate revolving loan
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The phenomenal growth after 1978 wa
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Primary Society Loans By District S
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Table 40 SANASA Loans by Sector Sec
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A National Poverty Conference in Oc
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Summary The Funding of Microfinance
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At the regional level there are a n
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Part B - Survey of the Commercial B
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Credit Information Collection and R
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As of December 31, 2000, the bank h
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collateral. Over time, probably due
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GTZ/RBIP - Case Study The Rural Ban
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Field Officer Concept As part of RB
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With the aide of GIS the Bank can d
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The introduction of mobile Field Of
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The village based units in the prog
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The apex organisations are assured
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Year / Product Table 46 People’s
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The features of these products are
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Competition and Marketing The Sri L
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whether PSC are profitable or not.
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potential customers together with a
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Part C - Survey of the North & East
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Environmental Overview of the North
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Many displaced people are without c
Page 191 and 192:
With successive central government
Page 193 and 194:
The high levels of school absenteei
Page 195 and 196:
With assistance from the internatio
Page 197 and 198:
The Wanni is primarily an agricultu
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The population as a whole depends o
Page 201 and 202:
The United Nations Development Prog
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Overall, It was found that there is
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There is a demand for this level of
Page 207 and 208:
The success rate of this particular
Page 209 and 210:
Skills training organisations such
Page 211 and 212:
Part D -Activity Survey of Microfin
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The total of SLR 14.4 billion ident
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The TCCS Union in the district of M
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District Survey of Microfinance Sup
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Anuradhapura Microfinance Overview
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Badulla Microfinance Overview Table
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Batticaloa District Microfinance Ov
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Colombo Microfinance Overview Table
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Galle District Microfinance Overvie
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Local NGOs No NGOs were identified
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Local NGOs 3 NGOs were identified i
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Local NGOS 4 NGOs were identified i
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Kalutara District Microfinance Over
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Kandy District Microfinance Overvie
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Kegalle District Microfinance Overv
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Kurunegala District Microfinance Ov
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Mannar District Microfinance Overvi
Page 245 and 246:
Page 247 and 248:
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Local NGOs 1 NGO was identified in
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Page 259 and 260:
District Note UNICEF engages in mic
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Page 263 and 264:
Local NGOs In the event it was not
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CARE’s microfinance activity is m
Page 267 and 268:
SEEDS operate microfinance across 1
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Microfinance Activity by District S
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Average Value of Savings by Distric
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Loans Average Level of Loans Table
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Summary of National Microfinance Ac
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Conclusion This survey has looked a
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The districts of Kurunegala, Matara
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The TCCS movement has been adversel
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Sustainability The long-term susta
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The use of qualitative impact analy
Page 287 and 288:
Wholesaling of loans for direct fin
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References ADB (2001). Sri Lanka So
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Hofmann, A et al. (2000) Financial
Page 293 and 294:
—— (1999) The World Bank and Mi
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