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Empowering women entrepreneurs through Micro financing Jaffna District, Sri Lanka: Challenges and Scenarios

Author

Listed:
  • Rathiranee Y.

    (University of Kelaniya, Sri Lanka)

  • Semasinghe
Abstract
Micro finance serves as a vital role for women entrepreneurship development in the developing countries as well as in Sri Lanka. As a result of 30 years conflict situation, women lost their male relatives in struggle, and forced to take a responsibility of their family in order to look after their children, aged parents and their male relatives. Micro finance institutions help the poor people particularly women in effective ways in order to create income generating activities. This study focuses the challenges and Scenarios associated with the adoption of microfinance as an instrument for empowering women entrepreneurs in Jaffna District in Sri Lanka. The prime objective of this study is to identify the challenges and scenarios in empowering women entrepreneurs through micro finance in Jaffna District. In this study the rural areas of Jaffna, Nallur, Kopay Divisional Secretariat Divisions, were selected as the sample size of population of women entrepreneurs who were involving in numerous self employable activities around 76 women. Both primary and secondary data were used for gathering information and quantitative and qualitative analysis was carried out to find out the results. To find out the results and check the validity and reliability of quantitative analysis the case study method also used in this study. In the quantitative analysis the correlation and regression method was used to find out the association between the variables of entrepreneurship challenges and needs and micro finance objectives by using SPSS. Three case study method also was included in this study that the women entrepreneurs were improved their activity by the support of micro finance institutions facing many challenges. The result of this study concluded that there is no significant relationship between the objectives of micro finance institutions and the needs of the respondents. In addition to this, using micro finance facilities create more job opportunities and variety of economic activities and improve household education, family welfare and empowering women themselves. Further this study shows that even though micro finance scheme is a strategy for increasing women entrepreneurs those who express their feelings on challenges and issues on marketing activities due to transport problem and financial difficulties. It is suggested that if much awareness will be created to enlighten the women entrepreneurs on record keeping, building assets, managing risk and increasing savings, it would be identified as the best strategy for helping poor women entrepreneurs’ access on financial and non-financial services in MFIs.

Suggested Citation

  • Rathiranee Y. & Semasinghe, 2014. "Empowering women entrepreneurs through Micro financing Jaffna District, Sri Lanka: Challenges and Scenarios," Journal of Business & Management (COES&RJ-JBM), , vol. 2(2), pages 228-240, April.
    • Handle: RePEc:jso:coejbm:v:2:y:2014:i:2:p:228-240
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    References listed on IDEAS

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    1. S.P. Premaratne, 2011. "Household Labour Supply in Sri Lanka for Urban Young Couple with Pre-school Children," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 12(2), pages 323-338, September.
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    1. RathiraneeYogendrarajah, 2014. "Impacts of Microfinance Institutions: Issues and Concepts-An Empirical Study on Sri Lankan Context," Journal of Business & Management (COES&RJ-JBM), , vol. 2(4), pages 302-315, October.
    2. Rathiranee Y. & Semasinghe, D. M., 2014. "Empowering women entrepreneurs through Micro finance in Jaffna District, Sri Lanka: Challenges and Scenarios," Journal of Social Sciences (COES&RJ-JSS), , vol. 3(4), pages 549-562, October.

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