Prime Grameen offers collateral free loans

Wednesday, 22 February 2012 00:01 - - {{hitsCtrl.values.hits}}

Prime Grameen Micro Finance Ltd., has enhanced its product profile by introducing a scheme to provide collateral free loans to small and medium scale business people to develop their enterprises.

The scheme will provide the opportunity for SME business people holding a current account at any commercial bank in Sri Lanka, to secure collateral free loans within three days, under the newly introduced “Prime Grameen Easy Loan” scheme which is based on the practical platform of “easy to secure- easy to pay” basis.

Prime Grameen Micro Finance Ltd., CEO/Director Chaminda Prabath stated that it is their objective to practically espouse the meaning of “Easy loan” through a positive approach.

The Company had disbursed over Rs. 24 billion to beneficiaries under the Grameen based micro finance scheme and

Prime Grameen Micro finance Ltd., the pathfinder micro finance operator in Sri Lanka, under the new management of Prime Lands Group is in the process of enhancing the business operations.

For over twelve years Prime Grameen Micro Finance Ltd., had contributed to the Sri Lankan economy, by providing much needed advances to the needy small time women entrepreneurs to develop sustainable economic ventures.

The newly introduced captive theme “delightful mission to bring light into the world of others” of Prime Grameen Ltd., has provided the impetus to strengthen the family unit through a process similar to a CSR project over many years.