The Burden of Microfinance: Women's Struggle in Sri Lanka

This chapter examines the detrimental effects of microfinancing on women's lives in Sri Lanka, revealing how small loans intended for entrepreneurship have led to severe debt. It discusses the high-interest rates and lack of financial education that keep borrowers trapped in a cycle of repayment distress. Against the backdrop of increased microlender expansion, the chapter critiques the effectiveness of microfinance as a strategy for poverty alleviation.