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A grim new year for debt-trapped rural women in Sri Lanka

A grim new year for debt-trapped rural women in Sri Lanka 16 April by M. Champa Irangani is in no mood to celebrate ‘Avurudu’, or New Year, the biggest annual festival that Sri Lanka’s majority Sinhalese community observes mid-April, while Tamils celebrate the Tamil New Year around the same time. “ The New Year will dawn only the day our debts are cancelled. Until then we cannot celebrate. Surely not, when so many women have died by suicide under the pressure of microfinance loans,” she says, seated with dozens of affected women who have been observing a ‘satyagraha’ off the main road in Hingurakgoda town, in Sri Lanka’s Polonnaruwa district, for a month now.

A grim new year for debt-trapped working class women in Sri Lanka

M. Champa Irangani is in no mood to celebrate ‘Avurudu’, or New Year, the biggest annual festival that Sri Lanka’s majority Sinhalese community observes mid-April, while Tamils celebrate the Tamil New Year around the same time. “The New Year will dawn only the day our debts are cancelled. Until then we cannot celebrate. Surely not, when so many women have died by suicide under the pressure of microfinance loans,” she says, seated with dozens of affected women who have been observing a ‘satyagraha’ off the main road in Hingurakgoda town, in Sri Lanka’s Polonnaruwa district, for a month now.

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