ResearchGate See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/259150879 Challenges facing by women in Accessing Credit from Microfinance Institutions in Sri Lanka, Article · January 2013 CITATIONS 3 READS 6,206 2 authors: Rathiranee Yogendrarajah University of Jaffna 53 PUBLICATIONS 109 CITATIONS Semasinghe Dissanayake University of Kelaniya 16 PUBLICATIONS 45 CITATIONS SEE PROFILE SEE PROFILE Some of the authors of this publication are also working on these related projects: Project The role of financial inclusion on women entrepreneurship development View project Project Roll of intrapreneurship in the growth of small and medium scale manufacturing enterprises in Sri Lanka View project All content following this page was uploaded by Rathiranee Yogendrarajah on 10 May 2015. The user has requested enhancement of the downloaded file.
CHALLENGES FACING BY WOMEN IN ACCESSING CREDIT FROM MICROFINANCE INSTITUTIONS IN SRI LANKA: ABSTRACT Rathiranee, Ya, and Semasinghe, D, Mb a Senior Lecturer, Department of Financial Management, Univerisity of Jaffna, Sri Lanka. rathiy22@gmail.com Senior Lecturer, Department of Commerce & Financial Management University of Kelaniya, Sri Lanka. semasinghe@kln.ac.lk Women are key instrument in the society and their role is very important in the world because they act dual role both in the family as well as society. The microfinance has an important role in empowering women in developing countries as well as in Sri Lanka by accessing credit facilities for their income generating activities to empower the rural women. With the conflict situation in Northern part of Sri Lanka, most of the men left from that area and they were unable to withstand by political condition. In this situation, many men were killed and women had to take the responsibility of the family as leaders. The Sri Lankan government has a responsibility to rehabilitate and revitalize the situation under post war development. MFIs provide their members with financial and social intermediation services to help improve their income generating activities. The aim of this study is to examine the challenges faced by women when accessing loans for income generating activities. This concept paper focuses on a review of academic literature on Challenges when accessing loans in empowering women through micro finance in Sri Lanka. For this purpose previous studies from developed and developing countries on this regards have been examined and then found out the solutions from the literatures. Finally, the conclusion of their studies has been analyzed and then provided a comprehensive literature by seeing the experiences and usefulness of the activities about the solutions for the challenges in accessing the loan facilities for income generating activities to empower poor women. Therefore it has been strongly feel that a look into empowering women and developing them with the support of the microfinance and the monitoring and creating awareness are important to eliminate the challenges facing by them in accessing credit from Microfinance Institutions. Key words: Challenges, Women empowerment, Microfinance and financial and social intermediation services. 1 -
1 BACKGROUND OF THE STUDY; Poor people are not able to access for financial services from commercial banks because