Reviewing the effect of Microfinance programmes for alleviating poverty among microenterprises in Sri Lanka

Abstract

Microfinance services affect the productivity growth of the SME sector. Especially the provision of non-financial microfinance services aims at an increase in productivity of the SMEs. Many studies revealed that technological related training, advisory services and business counseling received by the SMEs positively affect the sales growth and employment capacity or productivity. The main objective of the study is to assess the impact of Microfinance programmers for alleviating poverty among microenterprises in Sri Lanka. The secondary data sources were used for the research. In the data evaluation process, the thematic technique was applied for the objectives and goals of the research. Micro-finance institutions and programmers have helped the poor and the marginalized in Sri Lanka to gain access to development finance. Further, it has contributed to motivating rural peoples for savings, group formation and social development.