The Dual Faces of Microfinance in Sri Lanka

This chapter explores the complex history and impact of microfinancing in Sri Lanka, highlighting its origins as a poverty alleviation tool and recent commercialization challenges. It emphasizes the adverse effects on borrowers, particularly women, who have become trapped in cycles of debt due to predatory lending practices. Personal stories illuminate the emotional toll of these financial struggles, underscoring the urgent need for better regulations and education in the microfinance sector.