Challenges Faced by Small and Micro Enterprises in Sri Lanka
Urban and Regional Planning
Volume 2, Issue 6, November 2017, Pages: 34-37
Received: Oct. 27, 2017; Accepted: Nov. 8, 2017; Published: Dec. 25, 2017
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Kahadawa Appuhamilage Sucharitha Navarathne, Postgraduate Institute of Agriculture, University of Peradeniya, Peradeniya, Sri Lanka
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Small and micro enterprises play a significant role in most economies, whether developed or developing. However, in developing countries these enterprises have tended to be looked at from a development, or poverty alleviation perspective, rather than as entrepreneurial activities and potentially growing businesses. This paper presents a study of a group of small and micro entrepreneurs in Sri Lanka from an entrepreneurship perspective rather than a development one. The purpose of this paper is to document the challenges faced by group of successful small and micro entrepreneurs in Sri Lanka, who received micro-financing to establish or grow their micro-enterprises and to examine these enterprises in terms of their potential for long term success. Case study approach was adopted as the methodology of the study to gain a holistic understanding in a given context. The identified challenges in the given context were maintaining higher quality of product and services, upgrading the technology, business rules and regulations related issues, competition issues and infrastructure issues. The successful small and micro entrepreneurs already believe that they are successful - but still have aspirations to grow further.
Challenges, Small and Micro Enterprises, Micro Financing
To cite this article
Kahadawa Appuhamilage Sucharitha Navarathne, Challenges Faced by Small and Micro Enterprises in Sri Lanka, Urban and Regional Planning. Vol. 2, No. 6, 2017, pp. 34-37. doi: 10.11648/j.urp.20170206.11
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License ( which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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