3min chapter

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Microfinance in Sri Lanka part 1

Business Daily

CHAPTER

The Importance of Microfinance in Sri Lanka

Microfinance is unsecured lending to some of the poorest people in the community. The trend has escalated at a time of severe crisis in Sri Lanka. GDP has shrunk by a fifth and it's said that hundreds of thousands of householders, like these women, have found themselves mired in debt they can't repay.

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