-
What’s Ailing Sri Lanka’s Microfinance Industry – And Could Fintech Provide a Solution?
In Sri Lanka, microfinance interest rates can be as high as 72 percent – outpacing even loan sharks, whose rates average around 40 percent. This often traps clients in severe debt and perpetuates cycles of poverty – while MFIs themselves often enjoy high profits, low expenses and lack of competitive pressure. Suthaharan Perampalam and Mithula Guganeshan of Sparkwinn explore the potential of fintech (and better regulations) in changing this dynamic.
- Categories
- Impact Assessment, Inclusive Fintech
-
IFC, Central Bank to Create Sri Lanka’s First National Strategy on Financial Inclusion
IFC, a member of the World Bank Group, is partnering with the Central Bank of Sri Lanka (CB) to develop the country’s first National Financial Inclusion Strategy (NFIS) to promote a more effective and efficient process to improve financial inclusion across Sri Lanka.
- Region
- South Asia
-
Sri Lanka’s first reality show to promote entrepreneurship and impact investment
“Our vision is to build a thriving social enterprise sector in Sri Lanka by 2025. Ath Pavura is a giant step in our journey. The purpose of Ath Pavura is to find and promote social entrepreneurs in Sri Lanka. It’s the best opportunity for entrepreneurs in Sri Lanka to promote their innovative solutions to social and environmental problems on television and inspire many more aspiring future social entrepreneurs,” said Social Enterprise Lanka Founder Eranda Ginige.
- Categories
- Entrepreneurship, Investing
- Region
- South Asia
Parent Organization
