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

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(b) Lenders .................................................................................................... 57 The DFCC ................................................................................................. 57 The National Development Trust Fund .................................................... 58 (c) Granter-Lender ........................................................................................ 62 The Asian Development Bank .................................................................. 62 The Japan Bank for International Co-operation ........................................ 65 The World Bank ........................................................................................ 65 2. Funder-Practitioners of Microfinance in Sri Lanka ................................ 68 (a) Granter-Practitioners – International ....................................................... 68 CARE International .................................................................................. 68 Case Study: The CAB-J Project ............................................................ 71 Danish Refugee Council ........................................................................... 73 FORUT ..................................................................................................... 73 GTZ – Jaffna Rehabilitation Project – Economic Mobilisation Process .. 74 The Loan Guarantee Fund (LGF) ......................................................... 76 The Social Development Foundation.................................................... 79 OXFAM .................................................................................................... 80 Save the Children Norway (SCN)............................................................ 81 United Nations Development Programme ................................................ 83 The South Asia Poverty Alleviation Program ...................................... 83 Civil Society Organisation Project ........................................................ 84 UNDP in the North & East - The Jaffna Resettlement and Rehabilitation Project ............................................................................ 85 World Vision Lanka .................................................................................. 91 Case Study: The Gramashakthi Development Foundation ................... 92 ZOA Refugee Care ................................................................................... 96 (b) Granter-Practitioner National .................................................................. 98 Ministry of Plan Implementation .............................................................. 98 Credit from Banks and other Participating Agencies ........................... 99 North Central Province Participatory Development Project ............... 101 Second Badulla IRDP ......................................................................... 102 North Western Province Dry Zone Development Project .................. 104 Southern Province Rural Development Project ................................. 107 Rural Economic Advancement Program ............................................ 110 (c)Lender-Practitioners ............................................................................... 111 The Central Bank of Sri Lanka ............................................................... 111 Small Farmers And Landless Credit Project ....................................... 111 Village Isuru Society Formation ......................................................... 112 Poverty Alleviation Microfinance Project (Pamp) ............................. 114 The Regional Development Banks ......................................................... 114 3. Practitioners .............................................................................................. 118 (a) National Level Practitioners .................................................................. 118 Samurdhi ................................................................................................. 118 Sarvodaya Economic Enterprises Development Services ...................... 122 (b) Regional Level Practitioners ................................................................. 126 Agromart ................................................................................................. 126 Arthacharya Foundation .......................................................................... 126 Samastha Lanka Praja Sanwardena Mandalaya ...................................... 127 Sarvodaya ................................................................................................ 127 3
Sewa Lanka ............................................................................................. 128 South Asia Partnership Sri Lanka ........................................................... 128 (c) Local Practitioners ................................................................................. 128 Community Based Organisations (CBOs) under the Change Agent Program ................................................................................................... 128 Co-operative Rural Banks ....................................................................... 132 Local Non-Government Organisations ................................................... 138 Private Companies .................................................................................. 141 TCCS....................................................................................................... 141 District Unions - National Federation ..................................................... 145 The SANASA Development Bank (SDB).............................................. 145 4. Facilitators ................................................................................................. 147 a) National Level Facilitators ...................................................................... 147 The Microfinance Network ..................................................................... 147 International Centre for the Training of Rural Leaders .......................... 149 b) Local Level Facilitators .......................................................................... 149 Jaffna Microfinance Focal Group ........................................................... 149 Wanni Area Microfinance Focal Group ................................................. 149 Summary ........................................................................................................ 150 The Funding of Microfinance Activities in Sri Lanka ................................ 150 Funder-Practitioner Microfinance Activities in Sri Lanka ......................... 151 Practitioner Microfinance Activity in Sri Lanka ........................................ 151 Conclusion ..................................................................................................... 153 Part B – Survey of the Commercial Banking Sector ....................................... 154 Introduction and Approach ......................................................................... 155 The Commercial Banking Sector ................................................................ 155 Credit Information Collection and Reporting ............................................. 156 Banking Regulation and Supervision.......................................................... 156 State-Owned Banks ....................................................................................... 157 The Bank of Ceylon .................................................................................... 157 The People’s Bank ...................................................................................... 158 The New Comprehensive Rural Credit Scheme and the Surathura Diriya Credit Program. ............................................................................................ 158 Private Commercial Banks .......................................................................... 159 The Hatton National Bank ...................................................................... 159 The Seylan Bank ......................................................................................... 161 Case Studies of Microfinance Interventions ............................................... 161 GTZ/RBIP – Case Study ............................................................................. 162 Multi-Purpose Small Business Loan ("People's Fast") ....................... 164 Management Information System (MIS)............................................ 165 Geographic Information System (GIS)............................................... 165 Impact Monitoring Unit ...................................................................... 166 Synopsis – New tools for FSD projects engaged in MSME finance .. 167 The Hatton National Bank Case Study – Gami Pubuduwa Program.......... 169 Seylan Bank Case Study ............................................................................. 171 People’s Bank Case Study - ‘ Pawning and Savings Centres’ .................... 172 4
Page 1: National Microfinance Study of Sri
Page 6 and 7: Introduction into the pawning busin
Page 8 and 9: Microfinance Overview .............
Page 10 and 11: Savings ...........................
Page 12 and 13: List of Tables Table 1 Microfinance
Page 14 and 15: Table 70 Ratnapura District Microfi
Page 16 and 17: JBIC MFI MFN MIS MPCS MSME NCPPDP N
Page 18 and 19: Figure 1 Map of per Capita Value of
Page 20 and 21: Figure 3 Map of per Capita Value of
Page 22 and 23: Executive Summary This report provi
Page 24 and 25: Practitioner Microfinance Activity
Page 26 and 27: As a result the banks are moving aw
Page 28 and 29: The operating conditions of the con
Page 30 and 31: Donor Strategies There should be a
Page 32 and 33: Introduction to the Study The objec
Page 34 and 35: The survey does not claim to repres
Page 36 and 37: Introduction Socio-Economic Overvie
Page 38 and 39: These five years saw a spate of new
Page 40 and 41: The 'Economic Stream' Employment is
Page 42 and 43: Microfinance Clients and Beneficiar
Page 44 and 45: 1. Funders of Microfinance in Sri L
Page 46 and 47: CIDA believes that microfinance act
Page 48 and 49: The Department For International De
Page 50 and 51: NOVIB Partnerships tend to be long
Page 52 and 53: HIVOS The HIVOS Desk concentrates o
Page 54 and 55:
Over time SIDA noted that the loan
Page 56 and 57:
Comment freely given from one of th
Page 58 and 59:
the time period of the project, wit
Page 60 and 61:
Only a very small part of the US 50
Page 62 and 63:
The demand for loans from this fund
Page 64 and 65:
Without permanent access to institu
Page 66 and 67:
This broad strategy means that the
Page 68 and 69:
Beneficiary targeting was generally
Page 70 and 71:
The FCSs were developed the followi
Page 72 and 73:
CARE's new strategy commits the org
Page 74 and 75:
Each CBO determines the level of in
Page 76 and 77:
The project’s overall approach re
Page 78 and 79:
Figure 6 GTZ/JRP - Project Interact
Page 80 and 81:
The Social Development Foundation F
Page 82 and 83:
There are no sector-based quotas ap
Page 84 and 85:
Over the past five years SCN has as
Page 86 and 87:
UNDP in the North & East - The Jaff
Page 88 and 89:
In December 2001 a new UNDP Program
Page 90 and 91:
From previous experience and lesson
Page 92 and 93:
World Vision Lanka WVL believes tha
Page 94 and 95:
Membership Development 3500 3000 25
Page 96 and 97:
Table 14 World Vision - Gramashakth
Page 98 and 99:
ZOA works with community groups in
Page 100 and 101:
At the village society and bank lev
Page 102 and 103:
In Wayamba the sustainability of th
Page 104 and 105:
Table 15 Badulla IRDP - Summary Dat
Page 106 and 107:
DZPDP/WHRDA credit operations comme
Page 108 and 109:
In the initial years they did not f
Page 110 and 111:
Table 18 SPRDP- Loans 1993 to 1999
Page 112 and 113:
(c)Lender-Practitioners The Central
Page 114 and 115:
Society members have access to cred
Page 116 and 117:
The RDBs were re-structured in 1998
Page 118 and 119:
Table 25 Value of Loans Disbursed b
Page 120 and 121:
The total savings and credit issued
Page 122 and 123:
Table 29 Samurdhi - Loans by Distri
Page 124 and 125:
In 1998 SEEDS converted to a separa
Page 126 and 127:
Within the loans from SEEDS funds t
Page 128 and 129:
The Arthacharya Foundation practice
Page 130 and 131:
The program was assisted by some li
Page 132 and 133:
However in general the majority of
Page 134 and 135:
Table 33 Growth of MPCS CRBs -1990
Page 136 and 137:
As at the end of December, 2000 a s
Page 138 and 139:
Some 1,176 of the 1,476 Co-operativ
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A total of 74 NGOs were identified
Page 142 and 143:
Finally only a small proportion of
Page 144 and 145:
Table 38 TCCS Active Societies and
Page 146 and 147:
District Unions - National Federati
Page 148 and 149:
4. Facilitators a) National Level F
Page 150 and 151:
International Centre for the Traini
Page 152 and 153:
Funder-Practitioner Microfinance Ac
Page 154 and 155:
As practitioner experience increase
Page 156 and 157:
Introduction and Approach The major
Page 158 and 159:
State-Owned Banks The Bank of Ceylo
Page 160 and 161:
Starting in 1994, the NCRCS is aime
Page 162 and 163:
The Seylan Bank The Seylan Bank ent
Page 164 and 165:
Figure 9 Linking of the RBIP Tools
Page 166 and 167:
People's Fast reduces loan processi
Page 168 and 169:
In addition, RBIP monitors the impl
Page 170 and 171:
The Hatton National Bank Case Study
Page 172 and 173:
Seylan Bank Case Study The Seylan B
Page 174 and 175:
Until 1961 private pawnbrokers were
Page 176 and 177:
Bank officials stated that PSC staf
Page 178 and 179:
The urban PSCs have on average more
Page 180 and 181:
The lack of flexibility has induced
Page 182 and 183:
From the borrowers perspective not
Page 184 and 185:
The Peoples Bank, on the other hand
Page 186 and 187:
Introduction and Approach Internati
Page 188 and 189:
Displaced populations are dependent
Page 190 and 191:
Large tracts of land have become to
Page 192 and 193:
Public markets, shops, guest houses
Page 194 and 195:
The previous thriving local economy
Page 196 and 197:
The Wanni Access to the area known
Page 198 and 199:
Remembering that these intervention
Page 200 and 201:
This type of situation is seen thro
Page 202 and 203:
People IDPs in welfare centres, sho
Page 204 and 205:
World Vision has been working in al
Page 206 and 207:
small entrepreneurs have received t
Page 208 and 209:
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 236 and 237:
Page 238 and 239:
Page 240 and 241:
Page 242 and 243:
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 260 and 261:
Vavuniya district Microfinance Over
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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