Social Sciences
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Item The Impact of Microfinance Services on the Growth of the Microenterprises in Sri Lanka(3rd National Research Conference on Applied Social Statistics (NRCASS – 2017), 2017) Badullahewage, S. U.The microfinance is the provision of financial services to low income sectors, including the micro and small enterprises. It is mostly used in developing economies where micro and small enterprises do not have access to other sources of financial assistance. The microenterprises said to be the less privileged business group in the society which could play a significant role in the economy. There are substantial microenterprises operate in the Homagama region, but no study of impact of microfinance services on the growth of the microenterprises has been conducted. Therefore, the study intended to ascertain the impact of microfinance services on the growth of income and productivity of the microenterprises being operated on the micro loans and advisory and training services provided by microfinance institutions. All microenterprises in Homagama is the target population and out of which 60 microenterprises which have obtained micro loans from the microfinance institutions were selected based on the judgmental sampling method. The primary data were collected on face to face interview through structured questionnaire and secondary data were collected through literature survey. Quantitative and qualitative techniques were used to undertake data analysis respectively based on descriptive statistics and parameter estimation and open ended questions. The paired sample t-test, multiple regression, chi-square test, gamma and Kendal tau-b tests in the SPSS software were used to achieve the expected objective. The findings of the study indicated that micro loan and advisory and training services have created positive impact on the income and productivity growth of the micro enterprises. Moreover, majority agreed that the micro loan was fair enough for the expected tasks, they were satisfied with financial assistance received and success of their business. So, the study concluded that the microfinance services create impact on the growth of the microenterprises in Homagama region. Further, microfinance institutions should develop diversification in their products and government should create legal and regulatory environment to the entry of microfinancing by local and foreign investors.Item The Impact of Microfinance on Women’s Entrepreneurship(3rd National Research Conference on Applied Social Statistics (NRCASS – 2017), 2017) Rathnayake, R. M. D.Entrepreneurship is the dynamic process of creating incremental wealth. Women’s entrepreneurship are key instrument in the society and their role is very important because, they act dual role both in the family as well as society. Microfinance has an important role empowering rural women in developing countries such as Sri Lanka by accessing credit facilities for their income generating activities to enhance rural women’s entrepreneurship. It has also been considered an effective vehicles for women’s empowerment. The main objective of the study is to investigate the impact of micro credit facilities on empowerment of women entrepreneurs’ in rural area. Also to identify some of the microfinance facilities and special packages available to small scale enterprises run by women in the rural area, families of those women. In this study 37 women’s were selected randomly from the Teldeniya area for the sample. In this study both primary and secondary data were used. Primary data was collected by giving questionnaire to the selected sample unit and secondary data was collected from the related reports and empirical studies. Collect data was analyze using the SPSS software version 20 and MS Excel. Though there are many analytical methods, this study use descriptive statistics, Analysis of Variance (ANOVA), and regression analysis to analyze the data. The sample women doing these business more than five years. The study found that majority of microfinance supported women entrepreneurs in rural areas have not good education. And they doing that business for five or more years. Among micro finance products Credit card and payment services are not popular majority use credit, savings, and insurance. The study found that the amount of loan, level of education and rate of interest are the important factors which determine the women entrepreneurship development.Item Multiple Borrowing and Loan Repayment: A Study of Microfinance Clients in the Trincomalee District(Research Centre for Social Sciences, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2016) Ravichandran, D.Studies on multiple borrowing and its effect on loan repayment among clients and the sustainability of microfinance providers show contradicting results. Some studies indicate that multiple borrowing has a positive effect on loan repayment and the sustainability of Microfinance Institutions (MFIs) while others show that it leads to over-indebtedness and consequently defaults on loans. Therefore, this study analyzed the incidence of multiple borrowing, reasons for multiple borrowing, and effects of multiple borrowing on loan repayment in the Trincomalee District. The target population comprised of a total of 12,340 loan borrowers out of which a sample of 100 was picked using stratified simple random sampling, which enabled every member of the population to have an equal and independent chance of being selected as respondents. It was also the simplest, most convenient and bias free selection method. The data was collected with the use of self-developed questionnaires issued to the microcredit borrowers, in depth interviews with microcredit group leaders and MFIs’ Manager and staff. The data was analyzed by using statistical software (SPSS V 21) and tabulated using tables and figures. Results show the prevalence of multiple borrowing in the Trincomalee District was very high. Over 80% of the 100 microfinance clients had at least two loans from different MFIs at the same time. In addition, about 41% also borrowed from individual lenders. Major reasons for multiple borrowings were loan recycling, insufficient loans from MFIs, and family obligations. Over 70% of the respondents had problems in loan repayment because of multiple pending loans. It was found that the age group, number of dependents of the respondent, previous loan settlement and inadequate loan amounts provided by MFIs significantly influenced the number of loan contracts. Further, the findings revealed that most borrowers did not spend the loan amount on intended and agreed purpose and that, as a result, they did not have adequate returns to repay the loan. Recommendations are provided in the study.