Browsing by Author "Beliwaththa, H.B.P.C."

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Impact of Micro Finance Facilities on Financial Performances of Small Enterprises in Sri Lanka
(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2016) Beliwaththa, H.B.P.C.; Madurapperuma, M.W.
Finance is the major constraint of small enterprises to carry out their business activities. Micro finance provides a better access to the small enterprise owners to enter into the money market and fulfill their fund requirements. The micro finance concept originated in the year 1976, when Mohammad Yunus establish the Grameen bank in Bangladesh. This concept have been expanded to most of the developing countries in present. This study is an attempt to find out the impact of micro finance facilities on financial performance of small enterprises. The study aimed to evaluate the impact of financial and nonfinancial facilities provided by the micro financial institutions on financial performance of the small enterprises. Survey method was used to collect data. Population of this study is small enterprise owners in Puttalam district who are participating to any micro finance program. The study sample consisted of hundred small enterprises and Simple random sampling method was employed to select that sample. Statistical Package for the Social Sciences (SPSS) was used to analyze the data. Descriptive statistics, correlation analysis and regression analysis were used to interpret results. The study revealed that the micro finance facilities positively, impact on financial performances of the small enterprises in Sri Lanka. Further, this study found that only micro credit facilities are not enough for the development of the small enterprises. Nonfinancial facilities such as, training, operational assistance and industry related education are equally important for the growth of small enterprises.
Role of micro finance institutions in rural area development in Sri Lanka
(Department of Accountancy, University of Kelaniya, 2015) Beliwaththa, H.B.P.C.
This research is based on the study of assistance of the micro finance institutions for the financial difficulties of the rural people. Monitory inconvenient is the most crucial matter for the success of the rural areas people. Most of the cases formal financial institutions are not considered about those types of people due to mismatch with their requirements. Therefore, microfinance involves the provision of financial services such as savings, loans and insurance to poor people living in both urban and rural settings who are unable to obtain such services from the formal financial sector (Wrenn, 2005). This study is an attempt to contribute in to the debate on what works and what does not work for microfinance and poverty reduction. Main objective of this research is to find out under what circumstances microfinance creates jobs, and increases wage employment and higher incomes in the rural areas (Kiiru, 2006). There are various studies which confirm that microfinance program has a significant positive impact in increasing employment and reducing poverty. This research is based on the primary and secondary data. Primary data will be collected from 25-30 people who are participating and not participating to the micro financial facilities in some specific rural areas and 3 micro financial institutions in Sri Lanka. Secondary data will be collected by referring some research articles and especially from the survey conducted by Asian Development Bank (ADB) in year 2000 “Finance for the Poor: Microfinance Development Strategy”.