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

Table 14 World Vision – Gramashakthi ADP S&C activity
Year Loan Issued Repayments Repayment Rate
1995 444,200 417,700 94.03
1996 3,016,489 2,923,374 96.91
1997 5,428,290 5,306,592 97.75
1998 2,149,050 1,975,083 91.90
1999 479,361 384,293 80.16
2000 5,519,186 5,362,786 97.16
2001 6,079,140 Not available at time
of publication
Not available at time
of publication
2500
Number of clients
2000
1500
1000
500
0
1996 1997 1998 1999 2000 2001
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Loan repayment
Except for 1999 the repayment rate was over 90% and the average is presently
95.5%. In 1999 there were crop failures due to a natural disaster. Through the
introduction of a training programme and other awareness programmes conducted
through out the year and in spite of continued harvesting problems the repayment
rate in 2000 was over 97% demonstrating the positive impact of the training and
the cohesiveness of the community societies.
Fund raising through loan interest
Through utilising near market related interest rates for loans a fund was
developed to cover part of the recurrent costs as well as to assist the future
sustainability of the programme. The following diagram shows how this fund has
developed.
95