Citation:Darshi G.A.N., Kumara, U. E.S., & Abeysekara S., (2009). Financial Performance of Microfinance Institutions in Sri Lanka, Accountancy Journal, Department of Accountancy, Faculty of Business Studies and Finance, University of Wayamba, Sri Lanka, 6, 62-80
Date:2020
Abstract:
The microfinance indrstry has developed from a history Of
microcredit programmes. Today it has grown to cover a
broader range Of products and services, from credit and
savings, to insurance and money transfers. Many speck in
more general terms Of miarofimance as the provision Of
financial services to those excluded from the .formal
financial system. When providing these financial services
and enhancing clients ' reliance MFls have to show fimancial
performances corttinuously. This, this paper attempt to
measure the fuiancial performance Of leading MFls in Sri
Lanka based on key financial performance indicators and to
compare them within the sample and with industry averages.
Findings Of the paper reveal that where sample REls are
playing in the industry and the barriers to be moved up to
the accepted levels in the hand Of financial performance.
