LFSUS helps 150 poor families meet housing needs through SLSB and KIRDO

Officials from KIRDO, LFSUS and SLSB signing the tripartite agreement in connection with the bulk loan under LFSUS credit guarantee. From left: KIRDO Chairman U.B.R. Basnayake, LFSUS CEO/General Manager Gamini Swarnapala, LFSUS Chairman Chandula Abeywickrema and SLSB CEO/GM Udaya Bandara

Lanka Financial Services For Underserved Settlements (LFSUS), a credit enhancement facility provider in Sri Lanka assisted by UN-Habitat, recently signed a tripartite agreement between Sri Lanka Savings Bank PLC (SLSB) and Kebithigollewa Integrated Regional Development Organisation (KIRDO), to grant a bulk loan of Rs. 15 million to be granted as sub-loans among 150 low income families in Kebithigollewa area in North Central Province (NCP). 

To date LFSUS has extended its credit guarantee facility for 25 housing projects and arranged bulk loans amounting to Rs. 280 million through 19 MFIs among 2,500 sub-borrowers with approximately 9,000 beneficiaries.

After signing and handing over the agreements, from left: KIRDO Director/Treasurer W. Rupa Chandrakanthi and KIRDO Chairman U.B.R. Basnayake, LFSUS CEO/GM Gamini Swarnapala, SLSB CEO/GM Udaya Bandara, LFSUS Chairman Chandula Abeywickrema and Kapila Keerawella and Gayan Wanninayake from SLSB