Home / Financial Services/ Commercial Bank provides bulk loan to Sejaya Micro Credit with assistance of LFSUS for housing

Commercial Bank provides bulk loan to Sejaya Micro Credit with assistance of LFSUS for housing

Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 11 July 2018 00:00

‘Lanka Financial Services for Underserved Settlers’ (LFSUS), the premier credit enhancement facility provider to encourage the low income settlers to have a liveable home by way of getting the repayable loans through a Micro Finance Institution (MFI). The MFI gets a bulk bank loan from a commercial bank in order to disburse small loans to the aforementioned category of people in the community, under a guarantee scheme introduced by LFSUS. 

LFSUS, a registered company limited by guarantee which was formed by UN-Habitat in 2006 under the Slum upgrading facility (SUF). UN-Habitat launched five pilot projects in Ghana, Kenya, Indonesia, Tanzania and Sri Lanka to address the issues of sanitation, poverty and housing. But the only surviving model is the Sri Lankan model through LFSUS.

Recently LFSUS extended their guarantee to the Commercial Bank of Ceylon PLC to release a bulk loan of Rs. 10 million to Sejaya Micro Credit Ltd., a leading MFI in Sri Lanka in order to disburse small loans among their members. This facility will be benefited around 150 rural families in Mawanella and Galigamuwa areas.

The tripartite agreement of this project was signed at the Development Credit Division of the Commercial Bank PLC by all the parties involved in this housing development activity.


Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Bright star Imran Khan could well go the way of his predecessors

Saturday, 21 July 2018

Imran Khan, the Pakistani cricket star, anti-corruption crusader and politician, appears to be within reach of his cherished goal of winning the 25 July Pakistan National Assembly (NA) elections and becoming Prime Minister.

Top Cola brand crashing globally; lesson for Sri Lanka

Friday, 20 July 2018

We have heard the age old adage, if a brand is not in line to the trends of a customer, they will cease to exist over time.

Religion and politics: a tale of two hypocrisies

Friday, 20 July 2018

It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness; it was the epoch of belief,

Sri Lanka’s Trade Information Portal – Bringing local traders one step closer to the global market

Friday, 20 July 2018

Sri Lanka’s traditional lacework famously known as Beeralu is slowly moving into the spotlight of the global fashion industry

Columnists More