Microfinance and Tsunami Recovery
Changing financial needs
Changing financial needs
Experiences of MFIs in Sri Lanka among the tsunami affected populations showed how the financial needs of the communities changed as time passed. In the immediate aftermath of the tsunami, there was a clear need for outright grants that would enable the households to survive the first few weeks. This was followed by opportunities in the medium-term to earn money through cash-for-work initiatives and for micro-loans for livelihood recovery. The MFIs also highlighted the need for longer-term efforts to continue in a sustained manner, aiming towards broader market development. |
