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Microfinance and Multiple Borrowing in Sri Lanka

Author

Listed:
  • Ganga Tilakaratna
  • David Hulme

Abstract

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.

Suggested Citation

  • Ganga Tilakaratna & David Hulme, 2015. "Microfinance and Multiple Borrowing in Sri Lanka," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(1), pages 46-63, March.
    • Handle: RePEc:sae:soueco:v:16:y:2015:i:1:p:46-63
    DOI: 10.1177/1391561415575127
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    More about this item

    Keywords

    Microfinance; multiple borrowing; credit; banks; Sri Lanka; South Asia;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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