HelpO-Srilanka

Community Financing

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Community finance aims to reach the poor vulnerable community with financial services; They use this financial service to take advantage of economic opportunities invest in the future, & protect against economic shocks to their household  & enter prices etc.

HELP-O is implementing many programs and services to improve the grass root level people’s living standard as well as their attitudes. Our process is community based process and while we provide the all service we empower them to stand on their own strength. We have successfully established a HOLDE Women’s Co-Operative for community to provide better service to all. Through this women’s Co-Operative people save small amount of money in every week & they get medium size of loans to develop their self employments etc.

Through this well manage system poor community got opportunity to access with flexible & quality financial service as well as could enhance their money management capacity from savings & loan activities by getting in to small groups in village level. This small group system let the community to raise their voice against their own requirements.

The loan & savings products diversified according to the community requirements & through the peer pressure of small groups the recovery is in good position. The group leader always represents her group & group requirements in branch meetings.  Five or more groups operating in close proximity is attached to the branch & the power is decentralize in this way to accept the loan requirements & branch administrative activities.

In this way community finance mechanism is much important to uplift the living condition of ground level community. The services provide timely & it’s prompt & quick. Due to this well mannered system village work in social mission to contribute in poverty reduction.

  Micro financing Program at Madihe, Bataduwa & Paramulla