Welcome to Roar Media's archive of content published from 2014 to 2023. As of 2024, Roar Media has ceased editorial operations and will no longer publish new content on this website. The company has transitioned to a content production studio, offering creative solutions for brands and agencies.
To learn more about this transition, read our latest announcement here. To visit the new Roar Media website, click here.

The Macro Problem Of Microfinance Loans

*Trigger Warning: Mentions of suicide*

 

For many women in Sri Lanka, small loans can have a big impact. That is the sole purpose of  microfinance loans –  to provide affordable financial assistance to those from low-income backgrounds in order to help  them improve their living conditions. In reality, however, these loans have further entrenched those who obtain them  into poverty and, in some cases, pushed them to take their own lives. 

A month ago, over 100 women gathered in Hingurakgoda, protesting microfinance loan mechanisms and the government’s blasé attitude towards regulating companies that offer them. This is a deep dive into the macro problem of microfinance loans.

Related Articles