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Saturday October 1st, 2022

Sri Lanka’s Alliance Finance gets US$5mn from EMF Microfinance Fund

ECONOMYNEXT – Sri Lanka’s Alliance Finance Plc, a licensed finance company, said it had received a 5 million dollar loan from EMF Microfinance Fund AGmvK for on-lending to micro, small and medium enterprises.

The firm had also got 10 million dollars from the Dutch development lender FMO.

The lender was advised by Swiss based Enabling Qapital S.A, Alliance Finance said in a stock exchange filing.

The firm said the funding showed the confidence placed by international lenders on the firm’s micro and small business lending model despite a difficult environment.

EMF Microfinance, is a private fund which focuses on ‘impact investing’, according to its website. (Colombo/Jan 04/2022)

 

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