Home / Property/Construction/ LFSUS partners with SLSB and RPK for housing 138 low income families

LFSUS partners with SLSB and RPK for housing 138 low income families


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 15 November 2016 00:05


08-04

LFSUS General Manager Gamini Swarnapala hands over a copy of tripartite agreement signed by all parties to SLSB Chairman K. Amarasinghe while SLSB General Manager Udaya Bandara and RPK Chief Executive Officer Sheela Rathnayake look on

 

Lanka Financial Services for Underserved Settlement (LFSUS), a company formed by the United Nations Human Settlement Program (UN – HABITAT) with the assistance of Ministry of Urban Development in 2007, recently signed a tripartite agreement with Sri Lanka Savings Bank (SLSB), a leading licensed specialised bank and Rajarata Praja Kendraya (RPK), a well-established microfinance institution in Kekirawa to disburse Rs. 10 million among 138 low income families in North Central province to construct their houses. 

The SLSB granted a bulk loan of Rs. 10 million to RPK under a 50% guarantee provided by LFSUS in order to consider microfinance loans under flexible collateral or no collateral basis for housing purpose for the members of RPK.


Share This Article


COMMENTS

Today's Columnists

2017 a decisive year; what’s in store for 2018?

Friday, 15 December 2017

‘Creating a Shared Future in a Fractured World’ is be the goal of the World Bank and the IMF in 2018. In the last 12 months the global...


Thoughts on the Budget and what comes next

Friday, 15 December 2017

The recent Budget definitely improves on previous budgets. It is a promising debut for Mangala Samaraweera, the new Finance Minister. He sees...


Media freedom – the other side of democratic midnight

Friday, 15 December 2017

Last week I challenged the powers that be to walk the talk on media freedom. Because it had become increasingly obvious that only murder and...


Churchill as Finance Minister (Chancellor of the Exchequer)

Friday, 15 December 2017

Very few of today’s readers are aware that Winston Churchill was one time the Chancellor of the Exchequer (1924-29), a position comparable to....


Columnists More