Providing financial services for poor people in Sri Lanka in partnership with financial institutions, donors, service providers, and policy-makers, Oxfam GB is helping to build democratic, inclusive financial systems in Sri Lanka that serve the majority – poor people. Oxfam’s indirect, facilitative approach aims to cultivate links between the formal financial services sector and people living in poverty. Poor farmers have taken advantage of affordable credit to start or expand businesses, improving their incomes and helping to lift their families out of poverty. Savings and insurance schemes now give them a cushion against hard times. In particular, opportunities for self-employment have increased the security of women and their status in the community.
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