Microfinance and Multiple Borrowing in Sri Lanka Another Microcredit Bubble in South Asia?
By: Tilakaratna, Ganga
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Contributor(s): Hulme, David.
Material type: 
BookSubject(s): Microfinance | Multiple | Borrowing | Credit | Bank | Sri Lanka | South Asia | IPS
In:
: March 2015 : 46-63 : South Asia Economic JournalSummary: In recent years, there has been an increase in multiple borrowing in the microfinance sector in Sri Lanka, while many microfinance institutions (MFIs) have experienced high levels of borrower turnover, deteriorating portfolio quality and weak financial performance. This has raised concerns about the microfinance sector. However, the debt levels for the majority of borrowers remain at moderate levels, while a number of mitigating factors such as mobilization of borrower savings by MFIs, wide use of pawning among clients and a reduction in donor funds to the sector suggest that a microcredit bubble in Sri Lanka is unlikely in the near future.
| Item type | Current location | Call number | URL | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|
| Journal Articles | Library Electronic | ftp://ftp.ips.lk/ebooks/Ebooks2015/Finance/SouthAsiaEconomicJournal2015MarchIPS.pdf | Available | CD1780 |
In recent years, there has been an increase in multiple borrowing in the microfinance sector in Sri Lanka, while many microfinance institutions (MFIs) have experienced high levels of borrower turnover, deteriorating portfolio quality and weak financial performance. This has raised concerns about the microfinance sector. However, the debt levels for the majority of borrowers remain at moderate levels, while a number of mitigating factors such as mobilization of borrower savings by MFIs, wide use of pawning among clients and a reduction in donor funds to the sector suggest that a microcredit bubble in Sri Lanka is unlikely in the near future.
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