| ID | 139481 |
| Title Proper | Microfinance and multiple borrowing in Sri Lanka |
| Other Title Information | another microcredit bubble in South Asia? |
| Language | ENG |
| Author | Hulme, David ; Tilakaratna, Ganga |
| Summary / Abstract (Note) | 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. |
| `In' analytical Note | South Asia Economic Journal Vol. 16, No.1; Mar 2015: p.46-63 |
| Journal Source | South Asia Economic Journal 2015-06 16, 1 |
| Key Words | Credit ; South Asia ; Sri Lanka ; Banks ; Microfinance ; Multiple Borrowing |