In July 2010 Mr. Yasitha Mahendra Munasinghe took up the position of coordinator of the Lanka Microfinance Practitioner’s Association (LMFPA). He was educated at Wesley College Colombo and is a Social Science graduate from the Open University of Sri Lanka. In addition, he has a post graduate diploma in Management and a diploma in Accountancy which he obtained in Singapore. He is presently reading for his MBA. He was a Champion Speaker in Singapore and was also involved in debating tournaments. He previously worked at the Sri Lanka Foundation Institute and the Sri Lanka Institute of Architects. LMFPA welcomes Mr. Yasitha to the team and is very hopeful that he will add value to LMFPA’s services to its members and the industry at large. He can be contacted under coordinator@lankamicrofinance.com

We have send a request to have a meeting with the deputy governor of central bank to discuss this matter further.

Even though NDTF have reduce the interest rate to 7% (previous was 9%) , they have imposed the interest ceiling as 15%. This has severe effects on microfinance industry. So we have request to respective personal in ndtf for a meeting to discuss this matter, also a copy of this request was send to the presidents secretary as well.

5. Ministry of rural development stated the change agent project 0n 1978. This is operating in 33 MFI’s. We had discussion to attach these MFI’s. Where there are 35000 benefiaries are involved in these MFI’s.