As of January 2018, there were six million active social media users in Sri Lanka, accounting for 30% of the population. Given the complete cessation of usual business practices in Sri Lanka for the past six weeks, due to prolonged curfew, businesses of all sizes have begun to use social media as their preferred platform to continue commercial activities. For instance, many major supermarkets and other vendors have also started connecting to their customers directly via platforms such as WhatsApp and Facebook. Similarly, social media based Micro, Small, and Medium Sized Enterprises (MSMEs) have also attempted to restart their service provision, amidst several limitations. This blog discusses the impact of crises on social media based MSMEs in Sri Lanka.
According to a study by IPS on ‘Women-owned and Led Micro, Small Medium Enterprises (WMSMEs) in Spice and Coir Sectors of Sri Lanka’, it was found that more than half of the women surveyed, ranked ‘financial concerns’ as the biggest barrier to operating and expanding their businesses. Using the experiences of one such female entrepreneur, this blog illustrates key strategies to encourage and accelerate the gainful participation of WMSMEs in Sri Lanka’s economy through easy and affordable access to finance.
Removing Barriers to Trade to Promote Women’s Participation in Spice and Coir Value Chains in Sri Lanka
This article points out measures that can be taken in order to reduce or remove export barriers to spice and coir industries , which will help increase exports, and further women’s participation in the industries.