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Sri Lanka

SMALL LOANS OF HOPE UPLIFTING LIVES

MANY STRUGGLING FAMILIES KEEP THEIR CHILDREN AT HOME TO HELP EARN A LIVING. HOWEVER, CREATING ADDITIONAL INCOME FOR A FAMILY MEANS PARENTS CAN AFFORD TO SEND THEIR CHILDREN TO SCHOOL.

Through our work in Sri Lanka we empower struggling families by providing small loans and other financial services to start or develop a business. This in turn improves their lives and the lives of others by generating employment within the community.

While families living in the rural areas of Sri Lanka have a basic livelihood, they have little or no means of improving them. For those who lack assets and are denied access to traditional credit providers, our work serves as an answered prayer.

We were founded as the microfinance arm of World Vision Lanka in 2004. We provide much needed capital to the business minded poor in World Vision’s area development programmes. Our combined efforts improve the lives of people living in poverty; the lives of their children and the communities where they live.

Working in Lanka

Sri Lanka is home to over 20 million people. Although it is an island abundant with natural resources, the country still bears the scars left by a 20-year civil war and the Asian tsunami in 2004. Both of these historic events have left devastating effects on millions of lives.

Signs of development can be seen in the urban areas of the country. But in the far rural regions, examples of poverty remain a poignant reminder that there is still a lot of work to be done to ensure children live healthy and fulfilled lives.

In less developed areas, many families struggle to send their children to school. Small loans provided by our work play a significant role in helping families and their children improve their lives.

Awards and Ratings

  • Silver Award for Best Presented Accounts & Corporate Governance Disclosures (2009 Annual Report) awarded by SAFA.
  • Gold Award for Social Indicators awarded by CGAP.

  • Certificate of Compliance (2010 Annual Report) awarded by the Institute of Chartered Accountants, Sri Lanka

  • Four Diamonds for reporting Financial & Social Indicators to the MIX website

Future Innovation

We are enthusiastic about our new initiatives and programmes which include:

  • Upgrading our online loan-tracking system to accommodate measurement of social performance indicators
  • Our loan product range for greater outreach
  • Exploring the possibilities of offering housing loans in partnership with World Vision Lanka

Client Success Story

Nilanthie and her husband were struggling to provide their three children with basic meals each day.

An initial loan of just US$100 helped Nilanthi set up the little grocery shop (pictured), from where she now smiles.

Nilanthie is now on her third loan cycle and earns enough to feed and educate her children properly.


 

Management Details

MFI Structure

Chee-chin-Hoe_thumbnailVisionFund Lanka's Executive Director Prince Nayagam joined our network in Jan 2007. Prior to this, he was Deputy General Manager (Operations) of Hatton National Bank Ltd. in Sri Lanka.

VisionFund Lanka is wholly owned by VisionFund International, and has a board of directors and management team that oversees the work of the MFI.


 

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