Micro Finance sector has great potential to generate maximum socio economic benefits for Sri Lanka with a low level of investment and requires less capital per unit and relatively less infrastructure. NLF ventured into Micro Finance under the product name “Dinawamu Lanka” which was a collective decision of the new Board of Directors as the Company envisaged the potential of using the talents and resources of the rural sector with the expansion in economic activities throughout the country.
NLF believes in the true spirit of giving back to society and therefore honours its Corporate Social Responsibility through this venture. The Company has already taken steps to assists rural communities set up enterprises, with a focus on assisting those engaged in SMEs and agriculture and livestock activities. Micro Finance facilities are only given to women thereby empowering women in rural communities.
Another prime aim of launching “Dinawamu Lanka” was to genuinely assist the marginalized rural populace especially those of the North and East as well as those of the border villages who had to undergo tremendous hardship prior to the end of the war.
Micro Finance has proved to be a profitable product in terms of financial as well as economic growth and social development. The Company’s strength lies in the Micro Finance arm and with the expansion of its branch network, it will undoubtedly boost the Company’s growth and profitability.
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