Category: News & Events

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...

Dear Members & Colleagues, Following the success and feedback from the previous seminar held for Senior Managers and Department Heads, LMFPA will be organizing another online seminar on ”Mindfulness & Customer Relationship Management” on Saturday 10th July from 2.00 pm to 4.30 pm. This seminar is specially catered to all the branch and field officers...

Dear Members & Colleagues, We are pleased to inform you that the Lanka Microfinance Practitioners’ Association will be organizing a ZOOM Seminar on the 28th of June 2021 from 3.30pm to 6.00 pm titled “Mindfulness & Customer Relationship Management”. The seminar will be facilitated by Leading Business Trainer and TV personality Mr. Amintha Sugath De Silva....

The government has released a revolving fund to the District Secretaries of the Northern Province and Anuradhapura district in Sri Lanka to assist over indebted micro borrowers to settle their loans borrowed at higher interest rates. This revolving fund can be utilized by the clients of any of the MFIs, to settle outstanding loans up to Rs. 100,000/- at...

The main objective of the Sri Lankan Microfinance Act No. 06 of 2016 was to regulate microfinance institutions and give them a legal recognition both locally and internationally. The Act focused more on regulating MFIs that lend as well as accept deposits. The high cost of capital requirement by the Central Bank was only fulfilled...

The membership of the following organizations in the Lanka Microfinance Practitioners’ Association (LMFPA) is discontinued with effect from 1st June 2021.   Organization 01Alliance Finance Co. PLC 02Business Development Cooperative Society 03Gampola Udapalatha Prajashakthi Foundation 04Janatha Microfinance (Pvt) Ltd 05Loans & Land Investment Company (Pvt) Ltd 06Prosperous Capital & Credit Ltd 07Rajeeda Holdings (Pvt) Ltd...

Recently in Sri Lanka, there had been several protests and media reports on over indebtedness seemingly due to malpractices of microfinance institutions. The Lanka Micro Finance Practitioners’ Association (LMFPA) is concerned about these protests and media reports because they may make a serious implication on the industry as a whole. Similar media reports appeared in...

Building the capacities of the staff of member organizations was a tough challenge for the LMFPA during the year 2020 with the spread of COVID 19 pandemic. In fact all training workshops of LMFPA came to a complete standstill when the government announced an island wide lockdown in March 2020 and the priority shifted towards...