Way forward for victims of Microfinance crisis towards recovery
Sri Lanka, July 22 -- Following the recent enactment of the Microfinance and Money Lending Act, the Avanka Lanka Foundation has issued an open letter urging President Anura Kumara Dissanayake to grant special approval for over two million debt-trapped Sri Lankans to form dedicated, village-based Thrift and Credit Cooperative Societies. Writing on behalf of microfinance victims whose government Aswesuma welfare payments are being coerced by predatory lenders, Foundation Chairman Lasantha Mendis called on the President to immediately override a Department of Cooperative Development policy halting new registrations, arguing that specialized, state-backed cooperatives offer the only practical and dignified pathway to rural financial recovery...
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इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.