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Reading: Success of Matale Regional Economic Advancement Project (MREAP) as poverty alleviation project

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Success of Matale Regional Economic Advancement Project (MREAP) as poverty alleviation project

Authors:

PWNA Kumari ,

Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, LK
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PJ Kumarasinghe

Department of Business Economics, Faculty of Management Studies and Commerce, University of Sri Jayewardhanepura, LK
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Abstract

This paper intended to assess the impact of microfinance on poverty alleviation in Matale district and identify the influence of macroeconomic condition on the net impact of microfinance. For that purpose Matale Regional Economic Advancement Project (MREAP) which was funded by International Fund for Agricultural Development (IFAD) was selected and sample consisted with 100 households who received the microcredit from MREAP. Descriptive statistics and one sample t-statistics revels that microcredit facilities help these beneficiaries to move for higher income ladders and though the nominal income of the beneficiaries has increased macroeconomic condition prevailed in Sri Lanka hampered the real benefit. Therefore, this study highlighted the importance of healthy economic condition in Si Lanka. Without health economic condition Si Lanka unable to reap the maximum benefit from the donor funds.

DOI: http://dx.doi.org/10.4038/kjm.v2i2.6553

Kelaniya Journal of Management Vol.2(2) 2013:99-115

Keywords: Microfinance Poverty 
How to Cite: Kumari, P. & Kumarasinghe, P., (2014). Success of Matale Regional Economic Advancement Project (MREAP) as poverty alleviation project. Kelaniya Journal of Management. 2(2), pp.99–115. DOI: http://doi.org/10.4038/kjm.v2i2.6553
Published on 05 Feb 2014.
Peer Reviewed

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