Alliance Finance Company
Alliance Finance Company in Sri Lanka offers leasing, loan, and saving products, servicing clients in various sectors such as agriculture, farming, fishing, manufacturing, and trading. In terms of products, 70% of the loan portfolio is in leasing to small and medium-sized enterprises (SMEs), 10% in microfinance, and the rest is spread in hire-purchase and other loans.
The company demonstrates its commitment to supporting financial inclusion and social and environmental sustainability in practical measures. It set up a microfinance division two years ago, focusing on delivering microfinance services to women. Alliance Finance Company is also developing green leasing products such as the lease of low carbon emission-gas toolkits for tuk-tuk (a three-wheeled taxi vehicle) and electric vehicles with a rooftop solar system to charge the battery.
Triodos Microfinance Fund and Triodos Fair Share Fund have provided a joint loan to Alliance Finance Company in order to further grow its contribution to a broader impact through SME financing and microfinance.
KEY INDICATORS as of 31 December 2016:
-number of loan clients: 64,992
-percetnage female clients: 100%
-percentage rural clients: 78%
-average loan amount: EUR 162
-number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.