Micro finance
Sri Lanka, on the one hand, was affected by the December 2004 tsunami, and on the other, by the more than two - decade long internal conflict, especially in the north-east parts of the country. Both have had a heavy toll on lives, assets such as housing and fishing boats, and livelihood opportunities. Undoubtedly, the communities in the north and east have had a double blow, as roughly 80 per cent of Sri Lankans affected by the tsunami were also affected by the man-made conflict situation.
In the wake of disasters and/or conflicts, there is a clear need for reconstruction efforts that follow the relief stage to focus on generating employment and incomes among the affected communities. In this regard, micro finance schemes to generate self-employment activities, have shown to play an important and significant role, as it can greatly facilitate the rehabilitation process of such affected communities as it can create employment opportunities and increase or supplement the incomes of the affected families.
EMACE, which has been actively involved in the field of micro finance since the beginning of the 90s, is currently a partner in a project for income generation and livelihoods assistance for tsunami/conflict affected families sponsored by USAID and Geneva Global Incorporated. The project is targeted at women, especially those in the category of women as heads of households, and aptly titled “Building for the Future – Sri Lankan Mothers Start Their Own Businessess”. It covers the districts of Jaffna and Vavuniya in the north, and Kalutara and Matara in the south. The project is group - based and implemented on a revolving fund mechanism. The support would be mainly for financing capital requirements.
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