Year: 2021

The Lanka Microfinance Practitioners’ Association (LMFPA) is the umbrella organization network representing 55 members among which most of the leading providers of micro finance facilities in the country are included. The LMFPA has been actively involved in developing policies for the sector including the introduction of the Microfinance Act in 2016. In addition, it sets...

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South Asia Micro-Entrepreneurs Network (SAMN) new board of Directors. Md. Abdul Awal has been elected as the new Chairman of the board and we look forward to his dynamic leadership in taking SAMN to the next level.

The Annual General Meeting of the Lanka Microfinance Practitioners’ Association was held online via ZOOM for the first time under the new normal environment on the 14th of September 2021 and a new board of Directors was appointed. Mr. Priyantha Dematagoda (of Sewa Community Credit Ltd) was unanimously elected as the new President while Mr. Imran...

As a proactive measure to address any issues/grievances faced by any of the microfinance clients, the Lanka Microfinance Practitioners’ Association (LMFPA) in consultation with the State Ministry of Samurdhi, Household Economy, Microfinance, Self-Employment & Business Development, established a ‘Microfinance Helpline’ to the general public and to persuade/encourage the stakeholders to take timely corrective measures for such grievances. The launch of this initiative took place on the 3rd of August 2021 at the Auditorium of State Ministry of...

The 3rd wave of the COVID 19 pandemic and the travel restrictions imposed by the government since 21st May 2021 hampered the operations of the entire microfinance industry including all member MFIs of Lanka Microfinance Practitioners’ Association (LMFPA) as well as the livelihoods of their customers. As a representative body, the Association advised its members...