Although the studies primarily investigated the role of microfinance institutions in the creation of entrepreneurs, Microfinance Loan Officers are the real 'connect pins' between the institute and the entrepreneurs (MLOs). While their traditional position in debt collection is allocated to them, MLOs today play multiple roles in the creation of entrepreneurs. In the microfinance literature, however, their position has not been adequately researched, leaving a gap to be addressed. The role of microfinance loan officers in developing entrepreneurs in Sri Lanka is therefore discussed in this paper. This is a qualitative analysis using primary data collected from entrepreneurs who, in terms of portfolio and client base, are the customers of a large MFI in Sri Lanka. Via three focus group conversations with entrepreneurs, data was obtained. Every focus group was made up of 5 entrepreneurs representing the MFI chosen. Thus, from the chosen MFI, the sample size is 15 entrepreneurs and microfinance loan officers are the unit of study. The study found that MLOs play a crucial but multiple role in the growth of entrepreneurs at the various stages of the process of entrepreneurial development: MLOs perform initial on-site consumer surveys, evaluate creditworthiness before disbursing loans, provide credit advice, promote entrepreneurial training and organize a versatile approach to entrepreneurship The study made recommendations on the basis of those results.
Please see the link :- https://www.ikprress.org/index.php/AJAHSS/article/view/5535
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