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

Tuesday, 15 November 2016 00:05 - - {{hitsCtrl.values.hits}}

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.