Abstract:
Development practitioner's identified micro finance is a constructive
tool for the development process. Accordingly, development process
starts from the bottom level of the people. Most of the microfinance
institutions cannot mobilize funds on a large scale. Therefore, the major
purpose of this study is to explore the opportunities for the self employment
creation that will enable the poor people to uplift their
standard of life and improve the performance of micro level industries in
developing countries like Sri Lanka. Desired sample size of the study
was 200 respondents. Percentage and Multiple regression models were
used to test hypotheses. The study revealed that there were significant
relationships between economic aspect and entrepreneur's development.
Study revealed that independents variables in the regression model are
jointly responsible for 52.90 percent (R2) variations in the effectiveness
of microfinance in Sri Lanka. F value 38.572 shows that the model fitted
is statistically significant at 5 percent level. Micro finance seems to be
an instrument for the economic empowerment of micro finance
entrepreneurs in the Ampara District of Sri Lanka.
