We conducted in-depth interviews with poor micro-entrepreneurs, many of which had borrowed from each formal and informal lenders. This latter kind of borrower, in particular, drew interesting comparisons. We also interviewed representatives of formal microfinance initiatives and informal lenders, including loan sharks. Tagging along to go to loan shark shoppers, ethnography-type, provided the extent of insight often absent from purely quantitative research. Furthermore, poor corporate governance in these establishments would lead to poor repayment charges, excessive transaction prices and recurring losses, leading the organizations to distress. Deposit-taking institutions, if not regulated or supervised, pose a threat to the financial system stability, as the security of deposits mobilized should not ensured. Exploitation of shoppers by these unregulated establishments would adversely have an effect on the recipients of microfinance and keep the low income and poor segments inside the 'cycle of poverty', affecting the economic development of the country. At the identical time such practices would have an effect on the buyer confidence in the financial sector, together with confidence in the formal regulated sector. For over a decade a number of makes an attempt had been made to enact legislation to regulate the unregulated institutions within the microfinance sector in Sri Lanka.

In terms of the quality of the mortgage book, Africa had the poorest with a portfolio at risk ratio of 14%. The review confirmed that there was a significant development in microfinance in the continent. The research further recognized a quantity of factors which have influenced the widespread growth of microfinance in Africa. Finally, the chapter shows that the evidence on the affect of microfinance on bettering welfare within the continent is inconclusive at best.

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