Mercantile Investments steps up micro finance

Tuesday, 9 June 2015 01:17 - - {{hitsCtrl.values.hits}}

With the expansion of its services, Mercantile Investment and Finance PLC, a prominent financial institution in the forefront of the financial sphere in Sri Lanka, recently initiated the ‘Micro Financial Division’ with an official opening ceremony on 2 April. The ceremony was held at the company’s Horana branch and was presided over by Director – Credit and Marketing Dhanushka Fonseka, Assistant General Manager Lahiru Dayananda and Senior Manager Tharanga Deepal of the Micro Financial Division.

13-2 Mercantile Investment and Finance PLC has spearheaded a strong, consistent financial performance over the last 51 years, enabling the company to possess a strong capital structure and retain their position as a financially strong institution in all respects.

All of these have been achieved on the foundations of the company’s strong fundamentals and stability over many years of exemplary governance and adherence to good ethics.

MI’s paramount growth in both lending and deposit business that stood over 15% and 30% respectively in the last concluded financial year reflects our commitment in serving our customers yet again. Today, the company targets the entrepreneurial women engaged in small scale business operations who make a considerable contribution to the Sri Lankan economy at the bottom level.

Through the Micro Finance Division, the company intends to offer them the necessary funds at the lowest rate of interest percentage with the prime view of boosting up their trades and making their dreams a reality under the theme of ‘Diviyata Diriyak’.

With the main objective of strengthening and circulating the Micro Finance Sector, Mercantile Investments aims at extending a helping hand for the improvement of the family economy of the women who shoulder the whole burden of the family and continuously work towards a successful family life. The company strives to be the strength of these hardworking families and offer them the requisite financial aid and guidance in respect of their businesses to stand by them as their hopes and dreams gradually come true.