MICROFINANCE PROMISES WOMEN A FUTURE, BUT INSTEAD IT TRAPS THEM IN DEBT

PhD student Nedha De Silva and Dr Samanthi Gunawardana from the Faculty of Arts co-authored an article for 360.info explaining the severe impacts that microfinance lending industry had had on many women in post-war Sri Lanka and Cambodia, contributing to debt traps, violence, and economic insecurity. The authors challenged the effectiveness of microfinance as a poverty alleviation tool and suggested alternative community-based financial solutions.

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