Addressing recent media reports on the visit made by UN Special Rapporteur

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 guidelines for member organizations to implement responsible microfinance services in the country. We were instrumental in advocating and lobbying for the enactment of the Microfinance Act and are presently working with the authorities to frame the Micro Credit Regulatory Authority Act to streamline and regulate micro lending activities.