Title

Redesigning The Economy

Authors

Shanthi Senthe

Document Type

Media Mention

Publication Date

4-19-2016

Source Publication

The Islamic Monthly

Description

Sri Lanka’s post-war reconstruction through Islamic microfinance.

“When we resettled here after the war, I needed to obtain financing to start a small business…to help my family,” Regina, a 46 year old small-scale entrepreneur, who resides in near the beautiful coastal town of Muttur, tells me. Regina is part of a new surge of beneficiaries of Islamic Microfinance in Sri Lanka. She adds that “I needed to obtain financing to repair and rebuild my home…I also wanted become part of the community.” Regina’s warm disposition is further amplified as she talks to me about her three children. She was able to care for them and create a home-based business simply by being a recipient of Islamic Microfinance. After the war, Regina and her family returned to their land in the outskirts of Muttur to find that employment prospects were bleak. Like many other women in the area, Regina became a business woman by deciding to engage in small enterprise, such as raising goats and making festival cakes in the Muttur area.