Month: January 2021

Discussion with State Minister for Microfinance On 14th of December 2020, LMFPA had the opportunity of meeting with Mr. Shehan Semasinghe, State Minister of Samurdhi, Household Economy, Microfinance, Self Employment, Business Development & Underutilized State Resources Development in Colombo. Minister Semasinghe is the subject minister for Microfinance and he is the first-ever Minister appointed for...

“There are many institutions that provide microfinance services in a responsible manner, playing a significant role in the Sri Lankan economy. The government is not ready to neither disrupt this endeavor nor pressurize the majority because of a few players that bring disrepute to a valuable  industry due to their malpractices, however alternative action should...

The COVID-19 outbreak disturbed all segments of the Sri Lankan society economically, with its impact on the market system from producer to the customer. Severely affected were the self-employed rural entrepreneurs/producers operating in a highly competitive open business environment, and daily-waged workers. When the country’s rural economic activities became non-operative, people who acquired loans for...

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