The impact of consecutive crises on SL’s most vulnerable
- Team Arutha
- Mar 22
- 1 min read
Arutha's Civic Education and Outreach Consultant, Amalini De Sayrah speaking to The Morning on the new Microfinance bill explained the implications of reliance on the microfinance sector by the vulnerable amidst crises.
“People are likely to take, or have already taken, loans to help rebuild their homes or livelihoods. They are then faced with twice the pressure to repay: repaying these new loans and repaying any loans they had taken before the disaster. At a time when they are required to spend in order to simply get their lives back together at a basic level, such repayments will be extremely difficult.
“Furthermore, loan collectors show no empathy or understanding for people’s situations. For them, a debt is a debt – one that requires collection even from a displaced person or someone who has lost everything,” she said.
Click the link below to read more:
Read Arutha's brief on the new microfinance bill here.
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