An Empirical Analysis of Micro Credit Repayment in Northern Sri Lanka
Rathiranee Yogendrarajah and Semasinghe D.M
Review I Published January,2016
Pearl Journal of Management, Social Science and Humanities Vol. 2 (1), pp. 10-16
ABSTRACT
This study provides an empirical analysis of microcredit
repayment in Sri Lanka. Multi-stage stratified random
sampling technique was used to collect the data from 337
women members of microfinance institutions (MFIs) in the
study area that were five districts of Jaffna, Kilinochchi,
Mannar, Mullaitivu and Vavuniya have been selected for
gathering information regarding repayment of microcredit
loan and the factors which influence on repayment which were
amount of loan, loan interest, decision making in household
level, control over resources and loan management. Linear
multiple regression was used to find out the variables that
affected micro credit repayment. However the variables of
decision making influenced lower level than other variables
and control over assets significantly negatively influenced
on repayment and the other variables that significantly
influenced on repayment of loan (P<0.05) at 0.05 level. It
is concluded from the results that if women have more
decision making power and control over assets in household
level the repayment will be high.
Key words: Control over Assets, Decision Making, Loan
Interest, Loan Management, Micro Credit and Repayment.
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