National Microfinance Study of Sri Lanka ?· National Microfinance Study of Sri Lanka: ... The SANASA…

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  • National Microfinance Study of Sri Lanka:Survey of

    Practices and Policies

    June 2002Colombo

    Co-Sponsored by

    AusAID and GTZ

    AuthorsRichard GantDulan de SilvaAnura Atapattu Steve Durrant

  • Table of ContentsAuthors ........................................................................................................ 2 Richard Gant ................................................................................................ 2 Dulan de SilvaAnura Atapattu Steve Durrant ............................................................................................... 2

    Table of Contents .................................................................................................... 2 List of Tables ......................................................................................................... 11 List of Figures ....................................................................................................... 13 List of Abbreviations and Anacronyms ............................................................... 14 Executive Summary .............................................................................................. 21

    1. The Microfinance Landscape in Sri Lanka ............................................... 21 Funders of Microfinance in Sri Lanka ........................................................... 21 Funder-Practitioners of Microfinance in Sri Lanka ....................................... 22 Practitioner Microfinance Activity in Sri Lanka ........................................... 23

    2. The Commercial Banking Sector Microfinance in Sri Lanka ................. 24 3. Microfinance in the North and East Region of Sri Lanka ....................... 25 4. The Supply of Microfinance in Sri Lanka ................................................. 26 5. Key Findings ................................................................................................ 27 6. Recommendations ........................................................................................ 28

    Donor Strategies ............................................................................................ 29 GoSL Strategies ............................................................................................. 29

    7. Conclusion .................................................................................................... 30 Introduction to the Study ...................................................................................... 31 Part A An Actor Survey of Microfinance in Sri Lanka ................................... 34

    Introduction ...................................................................................................... 35 Socio-Economic Overview ............................................................................ 35 Historical Overview of Microfinance in Sri Lanka ....................................... 36 Definition of Microfinance ............................................................................ 38 Loan Levels in Microfinance ......................................................................... 38 The 'Economic Stream' .................................................................................. 39 Microfinance Clients and Beneficiaries ......................................................... 41 Different Kinds of Microfinance Activity ..................................................... 41 Different Types of Microfinance Actor ......................................................... 42

    1. Funders of Microfinance in Sri Lanka ...................................................... 43 (a) Granters .................................................................................................... 43

    The Australian Agency for International Development ............................ 43 The Canadian International Development Agency .................................... 45 The Department For International Development ....................................... 47 NORAD ..................................................................................................... 47 The Dutch Co-Financing Programme ........................................................ 48 NOVIB ....................................................................................................... 48

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  • ICCO .......................................................................................................... 49 HIVOS ....................................................................................................... 50 The Swedish International Development Co-operation Agency .............. 51 Sri Lanka Community Development Fund ................................................ 53 The United Nations Childrens Fund ......................................................... 54 The United Nations High Commissioner for Refugees ............................. 55 The United States Agency for International Development ....................... 56

    (b) Lenders ..................................................................................................... 57 The DFCC .................................................................................................. 57 The National Development Trust Fund ..................................................... 58

    (c) Granter-Lender ......................................................................................... 62 The Asian Development Bank ................................................................... 62 The Japan Bank for International Co-operation ........................................ 65 The World Bank ........................................................................................ 65

    2. Funder-Practitioners of Microfinance in Sri Lanka ............................... 68 (a) Granter-Practitioners International