Sri Lanka is an island nation situated in the Indian Ocean just below India. It is a small Island with about 25,000 square miles in size with a population more than 22 million. In the early days main economy was dependent on Agriculture mainly the plantation sector with more than 65% of the population involved directly or indirectly. But with time the Pattern has changed towards the service sector.
Unemployment is yet a problem, females being higher among the unemployed, with this category in mind it was envisaged that self-employment projects be started, to help them. Given the wider coverage of Micro Finance even the poor are in a position to derive benefits if an effective social mobilization and empowerment process precedes the delivery of Micro Finance. Provision of handouts to the poor creates a dependency syndrome. Poverty is an ailment that could be cured by attitudinal changes. Responsibility and participation as a dutiful citizen should be inculcated in their minds.
Under this scenario Agro Micro Finance ( AMF) has started Micro Finance in several districts of Sri Lanka, By the year 2000 Agro Micro Finance has been incorporated under the companies act as a company limited by guarantee. After incorporation of Agro Micro Investments Limited (AMI) as a subsidiary of AMF, AMI is carrying out this mission since 2014.
Our products are group based individual Loans for approved income generating projects covering a wide range on Agriculture Livestock, Food processing, Garments, Trade Fisheries, Services and Industry. In addition to the financial initiatives, we provide Non-financial services to empower and enhance the livelihood of our clients.
S.W.Kiriarachchi
Chairman
Agro Micro finance Group