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| Abstract title: |
Small and micro-enterprise in Sri Lanka: bringing the bankers to the people |
| Author: | D. Wijesundera |
| Issue: | Vol. 6, Number 2 1996 |
The indigenous informal credit market within Sri Lanka encompasses a wide range of financial arrangements, including: direct money-lending (professional and semi-professional money-lenders); indirect money-lending (trade financing, commission agencies, and credit related to mortgages on crops); and voluntary credit groups (single purpose and multi-purpose credit assistance and cheetu/ROSCAs). The paper focuses on: the Hatton National Bank; 'barefoot banking'; the extension of irrigation; and, the role of NGOs. Aspects are listed in which outside agencies could assist the banking systems in reaching the small- and micro-enterprise sector: preferential interest rates; risk sharing; awareness of banking; identifying potential entrepreneurs; entrepreneur development; monitoring; encouraging savings habits; and group lending.
Abstract supplied by kind permission of CABI.
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